Firefly Aerospace Inc.
Firefly Aerospace Inc. Q1 FY2026 earnings call
May 4, 2026 · fiscal period ended 2026-03
EPS · actual vs est
Revenue · actual vs est
Summary
Generated 2026-05-04
Management highlights
Michael Sheets welcomes to the call. Jason Kim starts by mentioning Firefly opened the year with strong execution and increasing momentum. They delivered record revenue of $81 million. Mentioned major government programs like Artemis, NASA's moon base initiative, SciTech securing agreement with US Space Force, advancements in Ocula Lunar Imaging Service with NVIDIA, progress in Blue Ghost lunar landers, Electra spacecraft, Alpha rocket, and Eclipse rocket. Also discussed milestones across product lines and services, scaling up capabilities to meet demand.
Segment performance
In the first quarter, Firefly delivered record quarterly revenue of $81 million. Spacecraft solutions accounted for $67.6 million and launch was $13.3 million. So spacecraft solutions contributed approximately 83.5% to total revenue and launch contributed about 16.5%.
Guidance
Firefly remains confident in achieving significant annual revenue growth in 2026 and is reiterating its outlook of $420 million to $450 million.
Q&A highlights
Q: Sheila Keioglu with Jefferies asked about SciTech's win in Space Force's space-based interceptor program and how it accelerates Firefly's growth profile.
A: Jason Kim said SciTech's battle-tested AI on Forge program is transferable to Golden Dome, and Alpha rocket is right-sized for related launches.
Q: Seth Feisman with JP Morgan followed up on SciTech's role in Space-Based Interceptor Award and ground station role.
A: Jason Kim said SciTech's battle-tested algorithms are transferable, and revenue from Golden Dome ramped up in Q1.
Q: Christine Lee Wood with Morgan Stanley asked about Alpha's backlog and moon opportunities.
A: Jason Kim said strong interest in Alpha post-Flight 7, and Blue Ghost has scalable designs for larger landers.
Q: Edison Yu with Deutsche Bank asked about AI across business.
A: Jason Kim said AI is critical, used in on-orbit processing and productivity, like partnership with NVIDIA for Ocula service.
Q: Suji Da Silva with Roth Capital asked about Alpha's customer base and Electra's revenue model.
A: Jason Kim said demand for Alpha is broad, and Electra's revenue is recognized as part of contracts.
Q: Liam Baker with KeyBank Capital Markets asked about NASA's lunar plans and Blue Ghost margins.
A: Jason Kim said Firefly can support lunar power needs, and views on Blue Ghost margins haven't changed much.
Key numbers
Reported versus consensus
Earnings calendar feed
| Metric | Reported | Consensus | Delta | Prior year |
|---|---|---|---|---|
| EPS | $-0.46 | $-0.50 | +8.0% | — |
| Revenue | $80.9M | $77.1M | +4.9% | — |
Transcript
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