Intuitive Machines, Inc. (LUNR)
NASDAQ:LUNR
Earnings Data
Report Date
May 19, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.11Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized a transformational outlook driven by strategic acquisitions (Lantaris, Kinetics), a major capital raise, strong programmatic wins (SDA Tranche 3), and ambitious 2026 revenue guidance (targeting ~$1B, ~5x growth). Operational highlights included improved gross margins (19% in Q4), successful launches/on-orbit milestones, and growing recurring-service contracts (NSNS). Offsetting these positives are near-term profitability pressures (wider operating loss, negative adjusted EBITDA), sizable acquisition and integration costs, reduced liquidity after the Lantaris cash outlay, backlog timing impacts from government shutdowns, and continued negative free cash flow in 2025. Management projects margin improvement and positive adjusted EBITDA in 2026, but the near-term financials remain loss-making and the combined-company pro forma is still pending.Company Guidance
Transformational M&A and Capital Raise
Closed acquisition of Lantaris (Jan 13, 2026) and earlier closed Kinetics (Oct 1, 2025). Completed a $175M strategic equity raise in February to support communications/data processing network investments and NSNS expansion.
Ambitious 2026 Revenue Guidance
Company expects 2026 revenue of $900M–$1B (management said this is nearly a 5x increase from 2025), with roughly two-thirds of the 2026 revenue already supported by contracted backlog.
Significant Backlog Growth (Combined)
Combined-company backlog estimated at $943M as of February month-end (includes recent SDA Tranche 3 award), providing multiyear visibility into revenue.
Q4 Gross Margin Improvement
Q4 2025 gross margin was $8.5M, representing a 19% gross margin. Management attributes improvement to higher-margin services (NSNS) and cost reductions on fixed-price contracts.
Operational Milestones and Launch Successes
Completed second lunar mission (prior milestone), EchoStar 25 successfully launched (on-orbit checks underway), PPE (Power & Propulsion Element) successfully powered up (NASA confirmed capability), IM-3 mission progressing with lunar data relay satellite work in testing and integration.
New National Security Awards and Program Wins
Awarded Space Development Agency Tranche 3 Tracking Layer (expanded role in national security space architecture) and ongoing involvement in Tranche 1/2 and other SDA programs; reinforced diversification across commercial, civil, and national security customers (~40% commercial / ~40% civil / ~20% national security projected).
Service-Oriented Strategy with Recurring Revenue Potential
Near Space Network Services (NSNS) task orders: $4.82B contract scope referenced with first of five lunar data relay satellites expected to enable subscription-like, recurring connectivity services and higher-margin, long-duration infrastructure operations (e.g., Lunar Terrain Vehicle services).
Cash Position and Liquidity Actions
Ended FY2025 with $583M cash (pre-Lantaris outflows); after Lantaris purchase and capital raise, reported cash of $272M (Feb), and management states they believe liquidity is sufficient to fund operations and growth investments.
Year-over-Year Operational Improvement
Management reported free cash flow for the year improved by $11.7M versus 2024 (annual free cash flow -$56M) and cited $43.3M less operating cash used year over year despite higher CapEx.
LUNR 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
LUNR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 19, 2026 | $18.11 | $18.91 | +4.42% |
Nov 04, 2025 | $11.58 | $10.40 | -10.19% |
Aug 07, 2025 | $10.50 | $10.05 | -4.29% |
May 13, 2025 | $9.50 | $11.63 | +22.42% |
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 Intuitive Machines, Inc. (LUNR) report earnings?
Intuitive Machines, Inc. (LUNR) is schdueled to report earning on May 19, 2026, After Close (Confirmed).
What is Intuitive Machines, Inc. (LUNR) earnings time?
Intuitive Machines, Inc. (LUNR) earnings time is at May 19, 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 LUNR EPS forecast?
LUNR EPS forecast for the fiscal quarter 2026 (Q1) is -0.06.
