LUNR Intuitive Machines, LLC
Price Chart
Executive Summary
Intuitive Machines reported Q1 2026 revenue of $186.7M (miss vs $205.3M consensus) and GAAP EPS of -$0.25 (miss vs -$0.06 consensus). However, record backlog of $1.1B, positive Adjusted EBITDA of $2.7M, and strong FY2026 revenue guidance of $900M-$1B highlight the growth narrative from the Lanteris acquisition and major contract wins.
Key Financial Metrics
Actionable Insight
Focus on the FY2026 revenue guidance of $900M-$1B, which implies a significant ramp from Q1's run rate. Monitor Q2 results for revenue trajectory and margin progression. The large backlog provides revenue visibility but execution on contracts and integration of Lanteris remain key risks.
Key Facts
- Q1 2026 revenue $186.7M, up 199% YoY but 9% below $205.3M consensus
- GAAP EPS -$0.25 vs consensus -$0.06 (316% miss)
- Adjusted EBITDA positive at $2.7M vs -$6.6M a year ago
- Record backlog $1.1B, up from $213M at year-end 2025
- FY2026 revenue guidance initiated at $900M-$1B, with positive Adjusted EBITDA
- Completed $800M Lanteris acquisition in January 2026; awarded $428.9M in new contracts including SDA and NASA CLPS
Financial Impact
Revenue miss of ~$18.5M (9%) vs consensus; EPS miss of $0.19
Risk Factors
- Execution risk on $1.1B backlog and integration of Lanteris acquisition
- Negative operating cash flow (-$54.8M) and free cash flow (-$64.6M) in Q1
- Dependence on government contracts (NASA, SDA) which are subject to funding and political risks
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3294812 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 8, 2026
1d ago
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Insider Cluster
| $29.92 awaiting T+1 | awaiting T+1 | — | $29.74 (+0.62%) |
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Jun 3, 2026
6d ago
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8-K
| $33.83 $33.63 | ▼ −0.59% | ▼ −0.99% | $29.74 (−12.10%) |
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May 14, 2026
26d ago
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8-K
| $36.52 $33.89 | ▼ −7.20% | ▼ −5.97% | $29.74 (−18.58%) |
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May 14, 2026
26d ago
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Press Release
| $36.52 $33.89 | ▼ −7.20% | ▼ −5.97% | $29.74 (−18.58%) |
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May 14, 2026
26d ago
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Press Release
| $36.52 $33.89 | ▼ −7.20% | ▼ −5.97% | $29.74 (−18.58%) |
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May 1, 2026
5w ago
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Press Release
| $25.62 $25.35 | ▼ −1.05% | ▼ −0.71% | $29.74 (+16.06%) |
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Apr 24, 2026
6w ago
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DEFA14A
| $25.53 $26.20 | ▲ +2.62% | ▲ +2.46% | $29.74 (+16.47%) |
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Apr 15, 2026
7w ago
|
144
| $23.88 $27.28 | ▲ +14.24% | ▲ +13.99% | $29.74 (+24.52%) |
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Apr 15, 2026
8w ago
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Insider Cluster
| $23.88 $27.28 | ▼ −14.24% | ▼ −13.99% | $29.74 (−24.52%) |
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Apr 1, 2026
9w ago
|
S-3ASR
| $23.99 $22.92 | ▼ −4.46% | ▼ −4.94% | $29.74 (+23.95%) |
US Market Status
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