The earnings call presented a mixed outlook. While the company showed significant revenue growth and secured strategic contracts and acquisitions, it also faced financial challenges, including a negative gross margin and operating loss. There is optimism about future opportunities but current financial metrics indicate areas needing improvement.

Company Guidance

During the Intuitive Machines Second Quarter 2025 Earnings Call, the company provided guidance on several key metrics and strategic initiatives. The revenue for Q2 2025 was reported at $50.3 million, marking a 21% increase year-over-year, driven largely by activities in CLPS, LTVS, and SNS. The company also highlighted a backlog of $256.9 million as of Q2 2025, with expectations to recognize 30% to 35% of this in 2025. Despite a negative gross margin of $11.8 million, this was an improvement from the negative $16.1 million in Q2 2024. The operating loss for the quarter was noted at $28.6 million. Importantly, the company is focusing on vertical integration by bringing satellite manufacturing in-house, which is expected to be more cost-effective and open new market opportunities. In addition, Intuitive Machines announced its intent to acquire KinetX, which adds strategic capabilities in deep space navigation and satellite constellation management. The company remains optimistic about several upcoming opportunities, including the Lunar Terrain Vehicle Services contract, potential new CLPS task orders, and developments in Mars Data Relay satellite proposals. The guidance moving forward indicates a focus on aligning mission schedules and deliverables to drive long-term shareholder value, with full-year revenue expected to hover near the low end of prior outlook but with additional opportunities possibly supporting revenue near the midpoint of the previous $275 million guidance.

Revenue Growth

Q2 revenue was $50.3 million, up 21% year-over-year, driven by CLPS, LTVS, and SNS execution.

NASA Near Space Network Services Contract

Intuitive Machines was selected for NASA's Near Space Network services contract, positioning the company for sustained deep space infrastructure service.

Satellite Manufacturing Expansion

Brought satellite manufacturing in-house, ensuring performance, schedule clarity, and tight integration with landers and space systems. This move is expected to be more capital efficient.

Strategic Acquisition

Announced intent to acquire KinetX, enhancing capabilities in satellite constellation design, ground operations, and precision tracking of spacecraft.

Contracted Backlog Growth

Ended Q2 with contracted backlog of $256.9 million, up from $213 million in Q2 of 2024.

Intuitive Machines (LUNR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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LUNR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2025 (Q3)	-0.05 / -	-0.82	―	―	―
Aug 07, 2025	2025 (Q2)	-0.01 / -0.22	0.24	-190.00% (-0.46)
May 13, 2025	2025 (Q1)	-0.08 / -0.11	-2.585	95.82% (+2.48)
Mar 24, 2025	2024 (Q4)	-0.08 / -1.74	0.38	-557.89% (-2.12)
Nov 14, 2024	2024 (Q3)	-0.12 / -0.82	0.78	-205.13% (-1.60)
Aug 13, 2024	2024 (Q2)	-0.18 / 0.24	0.875	-72.57% (-0.64)
May 14, 2024	2024 (Q1)	0.07 / -2.58	-0.46	-461.96% (-2.13)
Mar 21, 2024	2023 (Q4)	-0.68 / 0.38	0.02	1800.00% (+0.36)	―
Nov 13, 2023	2023 (Q3)	-0.24 / 0.78	-0.06	1400.00% (+0.84)
Aug 14, 2023	2023 (Q2)	-0.27 / 0.88	-0.003	29266.67% (+0.88)

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
Aug 07, 2025	$10.50	$10.05	-4.29%
May 13, 2025	$9.50	$11.63	+22.42%
Mar 24, 2025	$7.09	$9.22	+30.04%
Nov 14, 2024	$11.76	$10.23	-13.01%

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.