RDW
Redwire Corporation
Price as of Jul 20, 2026
RDW earnings
Redwire Corporation earnings
Reported EPS and revenue history, upcoming estimates and available earnings-call summaries.
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $-0.16 | $-0.18 | -12.5% | $97M | -8.5% |
| Feb 26, 2026 | $-0.16 | $-0.50 | -213.9% | $109M | +10.1% |
| Nov 5, 2025 | $-0.12 | $-0.21 | -75.0% | $103M | +4.7% |
| Aug 6, 2025 | $-0.11 | $-0.39 | -254.5% | $62M | -23.3% |
| Mar 10, 2025 | $-0.18 | $-0.66 | -266.7% | $70M | -6.7% |
| Mar 14, 2024 | $-0.15 | $-0.25 | -66.7% | $63M | +2.4% |
| Aug 10, 2022 | $-0.13 | $0.06 | +146.2% | $37M | -0.7% |
| May 12, 2022 | $-0.09 | $-0.24 | -166.7% | $33M | -17.8% |
| Mar 31, 2022 | $-0.05 | $-0.55 | -1000.0% | $41M | +2.7% |
| Oct 4, 2021 | $-0.05 | $-0.55 | -1001.5% | $33M | — |
| Aug 13, 2021 | — | $-0.27 | — | $32M | — |
| May 24, 2021 | — | $-0.13 | — | $32M | — |
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Pete outlined key accomplishments in Q1 2026: strong book-to-bill ratio of 1.92, record contracted backlog of $498.1 million, improved gross margin to 26.6%, and accelerated investing in large procurement opportunities. Highlights for each value driver: Space segment - selected for $1.8 billion 10-year Andromeda IDIQ contract, first sale of ELSA solar arrays, received $4 million from NASA for Pillbox. Defense Tech segment - awarded over $20 million in follow-on purchase orders for Stalker systems, continued integration of S.T.A.L.K.E.R. with U.S. Army's NGC-2. Sensors and payloads - advanced imaging and navigation technology launched aboard NASA's Artemis II mission. Also, ramped investment in research and development with over $10 million increase year-over-year in Q1 2026, focusing on six critical opportunities.
Guidance
Reaffirmed full year 2026 revenue forecast in the range of 450 to 500 million, representing 41.6% year-over-year growth at the midpoint. With more than $350 million in bookings during the last two quarters, expect revenue to build through 2026.
Segment performance
In Q1 2026, total revenue was $97 million, a 57.9% year-over-year increase. Space segment revenue was $52.7 million, and defense tech segment revenue was $44.3 million. Gross margin moved from 9.6% in Q4 2025 and 14.7% in Q1 2025 to 26.6% in Q1 2026. Bookings were $186.5 million, with space bookings at $114.6 million (driven by power solutions like ELSA and RosaWings) and defense tech bookings at $72 million (driven by Stalker and Penguin aircraft). Backlog increased to a record $498.1 million, with space backlog at $359.7 million and defense tech backlog at $138.4 million.
Analyst Q&A
Q: About the Andromeda Space Force program, how is Redwire positioned and how will it be targeted with investment?
A: Redwire was selected as one of 14 vendors out of 32 bids, needs to invest to deliver best capability, using ATM to raise money.
Q: Update on VLEO platforms?
A: VLEO is a key growth area, Redwire is well positioned, investing in maturing technology with partners.
Q: Specific layers of Golden Dome architecture Redwire is targeting?
A: Golden Dome is multi-orbit, Redwire is prime lead in VLEO and highly maneuverable refuelable geo, merchant supplier in LEO.
Q: Leveraging the business and expectations around gross margins and OPEX?
A: Goal is positive EBITDA net of IRAD, in quality growth mode, investing but managing IRAD.
Q: What do R&D investments for six opportunities include?
A: Labor, facilities, material, inventory, mix of these.
Q: Biggest opportunities for Redwire in lunar economy?
A: Building lunar grid with ROSA and ELSA, and leveraging CLPS prime contract position.
Q: Edge Autonomy since acquisition?
A: Edge is now fully branded Redwire, defense tech has $72 million bookings this quarter, gross margins holding consistent, ramping investment in major product groups.
Earnings history is derived from company filings and calendar data. Call summaries are grouped by reporting period. Latest covered event: 2026-08-05.