BlackSky reports Q3 EPS (44c), consensus (35c)

Reports Q3 revenue $19.62M, consensus $28.63M. Revenue reflects the company’s expected reduction in the Electro-Optical Commercial Layer contract with NRO, along with other U.S. government budget uncertainties. “Strong international demand for our space-based intelligence solutions drove over $60 million in new contract awards,” said Brian E. O’Toole, BlackSky (BKSY) CEO. “Significant international opportunities for commercial imagery, analytics, and sovereign solutions are outpacing the near-term U.S. government business. Sovereign nations around the world are recognizing the best-in-class capability of our Gen-3 satellites at a time when they are increasing their budgets and accelerating acquisition cycles. With strong international demand, the success of Gen-3, the continued build out of our constellation, and our strengthened balance sheet, we are anticipating a strong Q4 and expect to take that momentum into 2026.”