Key Points – BlackSky raised full-year guidance after first-quarter results, increasing 2026 revenue outlook to $130 million-$150 million and adjusted EBITDA guidance to $12 million-$24 million.
Management said first-quarter revenue was $20.8 million and that the updated forecast reflects accelerating demand. – Gen-3 satellite demand is driving growth, with CEO Brian O’Toole citing up to $160 million in year-to-date contract awards and a shift from pilots to larger subscription deals
The company expects its space-based intelligence and AI services business to grow more than 50% in 2026. – Operational momentum and backlog are improving as BlackSky now has four Gen-3 satellites in service and expects at least eight on orbit this year. Backlog was about $351 million at quarter-end, or roughly $380 million including early-April contracts, with a stronger second half expected. – 3 Satellite Stocks To Check Out Before SpaceX’s IPO BlackSky Technology (NYSE:BKSY) raised its 2026 revenue and adjusted EBITDA outlook after reporting first-quarter results that management said reflected accelerating demand for its Gen-3 satellite imagery and AI-enabled intelligence services. Chief Executive Officer Brian O’Toole said on the company’s earnings call that BlackSky is “off to a strong start to 2026,” citing up to $160 million in contract awards year to date and what he described as a business “inflection point” as Gen-3 capabilities move into full operations.
The company said Gen-3 is supporting new and existing customers with 35-centimeter imaging, low-latency tasking and AI analytics through its Spectra platform. – 3 Stocks With Near-Unanimous Buys That Could Rally Higher “Demand for our Gen-3 capabilities has never been stronger,” O’Toole said, adding that BlackSky is moving customers from pilot programs into longer-term seven- and eight-figure subscription contracts. Guidance Raised After First-Quarter Results Chief Financial Officer Henry Dubois said first-quarter revenue…