Intuitive Machines (LUNR) Q2 2026 Earnings Call Transcript

Intuitive Machines reported a surge in revenue in Q2 2026 alongside record bookings, but profitability remained negative for the quarter. Revenue rose to $206 million, more than four times the prior-year $50.3 million, driven by spacecraft production and execution across CLPS, OMES and NSNS programs. Contracted backlog climbed to $1.8 billion, up $1.5 billion from end-2025, with $920 million in bookings during the quarter, including a deal for three commercial GEO satellites worth more than $600 million over 30 months. Adjusted EBITDA was -$13.8 million, improving from -$25.4 million due to higher margin contributions from the Lanteris acquisition. The company ended the quarter with $367 million in cash and reaffirmed full-year revenue guidance of $900 million–$1 billion, expecting positive adjusted EBITDA for the year.