Virgin Galactic reports Q2 EPS ($1.47), consensus ($2.22)

Reports Q2 revenue $400,000, consensus $450,000. Michael Colglazier, Chief Executive Officer of Virgin Galactic (SPCE) said, “Progress on our SpaceShips continues across all systems and structures, and our strong balance sheet, with over $500 million in cash, cash equivalents and marketable securities, provides the foundation to execute our business model as we bring our SpaceShips into commercial service. We have continued to reduce our quarterly cash spending and operating expense as part of our disciplined approach. Commercial service remains planned for 2026, with both research and private astronaut flights expected in the fall next year.”