Redwire Stock Rises as Strong Q2 Demand Drives Record Backlog

Benzinga Earnings04:56

Redwire Corp (NYSE:RDW) reported financial results for the second quarter after the closing bell on Wednesday. Here’s what you need to know from the report.

Redwire stock is trading well off its 52-week highs. Where is RDW stock headed?

Redwire Q2 Highlights

Redwire posted second-quarter revenue of $117.07 million, beating analyst estimates of $107.30 million, according to Benzinga Pro. The company reported a second-quarter loss of 19 cents per share, missing estimates for a loss of 15 cents per share.

Total revenue was up 89.6% on a year-over-year basis. The company reported record gross margin of 27.8% and a record backlog of $542.1 million. Redwire ended the quarter with total liquidity of $607.8 million.

“With a record Backlog … and a strengthened balance sheet to enable strategic investments, Redwire is scaling to meet the strong demand we see for our mission-critical space and defense tech offerings,” said Peter Cannito, chairman, president and CEO of Redwire.

Redwire affirmed its full-year 2026 outlook for revenue of $450 million to $500 million versus estimates of $470.59 million.

Redwire executives will discuss the quarter on an earnings call scheduled for 9 a.m. ET Thursday morning.

RDW Shares Move Higher After Earnings

RDW Price Action: Redwire shares were up 5.60% in after-hours, trading at $11.32 at the time of publication on Wednesday, according to Benzinga Pro.

Read Also: Rocket Lab Snags $397 Million Space Force Contract

Image: Shutterstock.com

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