Firefly Aerospace, Inc. (FLY)
NASDAQ:FLY
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Earnings Data
Report Date
Sep 28, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.49Last Year’s EPS
-5.78Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational narrative: record revenue growth, high-profile milestone achievements (first commercial Moon landing), major national security awards (SciTech/Golden Dome, FORGE expansion), productive partnerships (NVIDIA, LLNL), and continued progress across Alpha and Eclipse programs. These positives are tempered by material near-term financial challenges — notably lower GAAP gross margin, wider GAAP and non-GAAP losses, increasing operating expenses, and continued cash outflows (including a Q2 acquisition payment). Liquidity remains healthy which supports ongoing execution. On balance, strategic momentum and demand signals substantially outweigh the financial headwinds this quarter.Company Guidance
Record Quarterly Revenue and Strong Growth
Delivered record Q1 revenue of $80.9 million, up ~40.2% sequentially from $57.7M and up ~44.7% year-over-year from $55.9M. Spacecraft solutions contributed $67.6M and launch contributed $13.3M.
Large Backlog and Reiterated 2026 Guidance
Ended Q1 with total backlog of approximately $1.3 billion (relatively flat sequentially) and reiterated full-year 2026 revenue guidance of $420 million to $450 million.
Moon Program Leadership and Blue Ghost Momentum
Achieved the first successful commercial lunar landing (Blue Ghost Mission 1) with 14 days of surface operations; expanded clean room 4x to enable production-line lander manufacturing; Blue Ghost Mission 2 assembly and payload integration underway, PDR complete for Mission 3 and PDR prep for Mission 4 — positioning the company to capture NASA Moon Base opportunities (~$20B initial phases cited).
Strategic National Security Wins (SciTech & FORGE)
SciTech selected among companies to support the U.S. Space Force Golden Dome program (part of a $3.2B pool) and secured a $109M engineering change proposal to accelerate FORGE data center delivery; FORGE operationally processed thousands of threats in first 30 days of the Iran conflict, validating battlefield utility of software.
ELECTRA and AI/Onboard Processing Partnerships
Added NVIDIA partnership for onboard Jetson processing integrated with LLNL telescopes on ELECTRA, enabling on-orbit data processing for ocular lunar imaging and reduced downlink constraints; ELECTRA test milestones completed (separation, interoperability, relay capability).
Launch Vehicle Progress and Responsive Launch Capability
Alpha Flight 7 returned to flight successfully and validated Block 2 subsystems; completed Victus DM responsive launch demonstrations (rapid payload processing in <12 hours and 36-hour simulation); qualification testing completed for Flight 8 tanks, with structures/engines in build for Flights 9–10 and target of three more Alpha launches in 2026; international expansion discussions (Sweden) and Seagate offshore launch collaboration.
Eclipse Development Advancing
Completed qualification of Eclipse interstage, LOX transfer line, and composite overwrap pressure vessels; first-stage tank test campaign in progress and Miranda engines in build — demonstrating progress on medium-lift reusable vehicle.
Healthy Liquidity and Capital Access
Ended the quarter with total liquidity of $811.6M (cash, cash equivalents and short-term investments $551.6M plus $260M revolver capacity); upsized revolving facility to $305M (undrawn).
FLY 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
FLY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 04, 2026 | $33.37 | $31.52 | -5.54% |
Mar 19, 2026 | $22.96 | $23.22 | +1.13% |
Nov 12, 2025 | $18.31 | $21.42 | +16.99% |
Sep 23, 2025 | $41.94 | $40.56 | -3.29% |
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 Firefly Aerospace, Inc. (FLY) report earnings?
Firefly Aerospace, Inc. (FLY) is schdueled to report earning on Sep 28, 2026, After Close (Confirmed).
What is Firefly Aerospace, Inc. (FLY) earnings time?
Firefly Aerospace, Inc. (FLY) earnings time is at Sep 28, 2026, After Close (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 FLY EPS forecast?
FLY EPS forecast for the fiscal quarter 2026 (Q2) is -0.49.
