BlackSky Technology (BKSY)
NYSE:BKSY
Want to see BKSY full AI Analyst Report?
Earnings Data
Report Date
Aug 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.38Last Year’s EPS
-1.27Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was broadly positive: management reported a clear operational inflection with Gen-3 fully operational, notable contract wins (including customer-funded R&D), raised revenue and adjusted EBITDA guidance, strong subscription economics (~80% gross margins) and a healthy cash/liquidity position. Lowlights center on the current modest Q1 revenue base, a Q1 adjusted EBITDA loss (-$5.1M), dependence on converting pilot programs (timing uncertainty) and some U.S. government funding visibility risk. On balance the positive operational milestones, guidance raises and strong margins outweigh the near-term challenges and execution/timing risks.Company Guidance
Contract Awards and Backlog Expansion
Company announced up to $160 million in contract awards year-to-date, including over $60 million in new Gen-3 awards and a major customer-funded AFRL contract worth up to $99 million. Backlog was $351 million as of March 31 (about $380 million including early April deals), with roughly $90 million expected to be recognized in 2026.
Gen-3 Operational Inflection Point and Constellation Growth
Gen-3 reached an inflection: 4 Gen-3 satellites are operational (fourth launched in March and commissioned in under a week), unlocking very-high-resolution 35-centimeter imaging. Management is on track to reach at least 8 Gen-3s on orbit this year with the next unit ready to ship.
Revenue Guidance Raised and Strong Growth Outlook
Q1 revenue was $20.8 million. Management raised full-year revenue guidance from $120–$145 million to $130–$150 million (midpoint implying >30% growth vs. 2025). Space-based intelligence and AI services are expected to grow over 50% in 2026 and achieve a projected annual run rate above $100 million.
High-Margin, Sticky Subscription Economics
Subscription-based Gen-3 services are forecasted to deliver gross margins of around 80%, driving operating leverage. Adjusted EBITDA guidance was increased from $6–$18 million to $12–$24 million, with a midpoint implying a ~13% adjusted EBITDA margin.
Operational AI & Performance Metrics
Proprietary AI is operational and embedded in customer workflows: imagery delivery timelines consistently under 40 minutes (including AI processing), millions of AI detections (cited >5 million objects classified over multi-day operations), high revisit rates and automated Spectra platform accelerating responsiveness.
Strong Cash Position and Liquidity
Ended Q1 with $117.5 million in cash, restricted cash and short-term investments and total liquidity over $195 million. Cash capital expenditures were $15.8 million in the quarter and full-year CapEx guidance was reaffirmed at $50–$60 million, indicating capital flexibility to fund growth.
Advancing Tech and Mission Solutions Pipeline
Progress on advanced programs (AROS wide-area system, on-orbit processing, optical inter-satellite links) and increased interest in Mission Solutions/sovereign satellite offerings. Customer-funded R&D deals (e.g., AFRL) help offset internal R&D and validate strategic tech roadmap.
BKSY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BKSY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $40.51 | $32.24 | -20.41% |
Feb 26, 2026 | $20.19 | $19.99 | -0.99% |
Nov 06, 2025 | $18.78 | $16.63 | -11.45% |
Aug 07, 2025 | $18.30 | $17.21 | -5.96% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does BlackSky Technology (BKSY) report earnings?
BlackSky Technology (BKSY) is schdueled to report earning on Aug 12, 2026, Before Open (Confirmed).
What is BlackSky Technology (BKSY) earnings time?
BlackSky Technology (BKSY) earnings time is at Aug 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BKSY EPS forecast?
BKSY EPS forecast for the fiscal quarter 2026 (Q2) is -0.38.