The lunar and space infrastructure firm reported $206 million in Q2 revenue and $1.7 billion in year-to-date bookings.
Intuitive Machines (NASDAQ:LUNR) posted second-quarter revenue of $206 million, quadrupling year-ago levels, as its backlog reached a record $1.8 billion. The company reaffirmed full-year revenue guidance of $900 million to $1 billion and maintained its 2026 adjusted EBITDA profitability target.
Bookings drove the quarter, with $1.7 billion secured year-to-date, including a company-record $1.2 billion in Q2. Management attributed the growth to diversification across civil, commercial, and national security contracts, reducing reliance on any single customer or mission type.
The backlog now comprises 37% civil, 49% commercial, and 14% national security work. Recent awards include NASA’s CS-8 lunar delivery mission and 36 additional satellites for defense programs, extending its pipeline into 2030.