Redwire Corporation (RDW)
NYSE:RDW
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.16Last Year’s EPS
-1.41Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and commercial momentum: high revenue growth (+57.9% YoY), a large increase in backlog ($498.1M, +71.1% YoY), materially improved gross margins (26.6%, +11.9 pts YoY), solid bookings and several strategic contract wins (Andromeda IDIQ, QKDSat, ELSA sale, Stalker orders). Liquidity and refinancing actions also improved the balance sheet. Offsetting these positives were a sizable reported net loss driven largely by non‑recurring acquisition‑related charges, negative adjusted EBITDA in the quarter, and elevated IRAD/investment spend compressing near‑term profitability as the company invests in growth. Overall, the highlights — strong top‑line growth, backlog, margin recovery, liquidity and meaningful contract awards — meaningfully outweigh the near‑term profitability and acquisition‑related headwinds, supporting a constructive outlook while noting execution and funding risks.Company Guidance
Strong Revenue Growth
Total revenue of $97.0M in Q1 2026, a 57.9% year‑over‑year increase; Space revenue $52.7M and Defense Tech revenue $44.3M.
Record Backlog and Robust Bookings
Bookings of $186.5M in Q1 2026 with a book‑to‑bill ratio of 1.92; record contracted backlog of $498.1M, up 21.1% sequentially and 71.1% year‑over‑year.
Material Gross Margin Improvement
Gross margin improved to 26.6% in Q1 2026, up 11.9 percentage points year‑over‑year (from 14.7%) and up 17.0 percentage points sequentially (from 9.6%).
Major Contract Awards and Program Wins
Selected as 1 of 14 vendors on the Space Systems Command Andromeda IDIQ (initially $1.8B, ceiling raised to >$6B); ESA QKDSat contract continuation; prime contract to build Belgium’s first national security satellite; first ELSA sale ($12.8M to Moog); >$20M follow‑on Stalker orders; PIL‑BOX funding (+$4M from NASA).
Improved Liquidity and Lower Financing Cost
Record total liquidity of $175.2M (cash and equivalents $145.2M + $30M undrawn revolver); amended credit facility extending maturity to May 2029 and lowering spread from SOFR+700 to SOFR+375, with ~ $3M annualized interest savings and >$17M estimated annualized savings from 2025–Q1 2026 delevering/refinancing.
Reduced Cash Burn and Operational Cash Improvements
Net cash used in operating activities reduced to $6.7M; quarterly free cash flow improved by >$36M year‑over‑year and by $17M sequentially.
Increased Investment in High‑Potential Programs
Ramped internal R&D/IRAD from under $1M in Q1 2025 to $12.6M in Q1 2026 (net increase >$10M YoY) to accelerate maturation of products for opportunities like Andromeda, QKDSat, VLEO, lunar infrastructure and Stalker Block 40.
Reaffirmed 2026 Revenue Guidance
Reaffirmed full‑year 2026 revenue guide of $450M–$500M, which implies ~41.6% year‑over‑year growth at the midpoint, supported by >$350M in bookings over the last two quarters.
RDW 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
RDW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $9.64 | $9.20 | -4.56% |
Feb 25, 2026 | $8.62 | $9.55 | +10.79% |
Nov 05, 2025 | $7.30 | $5.98 | -18.08% |
Aug 06, 2025 | $13.70 | $9.47 | -30.88% |
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 Redwire Corporation (RDW) report earnings?
Redwire Corporation (RDW) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Redwire Corporation (RDW) earnings time?
Redwire Corporation (RDW) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RDW EPS forecast?
RDW EPS forecast for the fiscal quarter 2026 (Q2) is -0.16.