---
title: "BlackSky Offers Strong Operating Leverage, Oppenheimer Says"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285755332.md"
description: "BlackSky Technology (BKSY/WS) reported a Q1 revenue miss due to timing of engineering services, but bookings and pipeline are strong. Oppenheimer noted that intelligence revenue is expected to double in the next three quarters, with subscription momentum and gross margins between 70%-80%. The company aims for $100 million in space-based intelligence and AI revenue this year. Oppenheimer raised its price target to $50 from $31 while maintaining an outperform rating. Current price is $36.97, up 14.67%."
datetime: "2026-05-08T16:29:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285755332.md)
  - [en](https://longbridge.com/en/news/285755332.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285755332.md)
---

# BlackSky Offers Strong Operating Leverage, Oppenheimer Says

12:29 PM EDT, 05/08/2026 (MT Newswires) -- BlackSky Technology ( BKSY/WS ) reported a Q1 revenue miss tied to timing of engineering services while bookings and pipeline are strong and accelerating, Oppenheimer said in a Thursday note.

The report pointed to intelligence revenue that is set to double in the next three quarters and ramp into next year, which is recurring with no churn.

Subscription momentum was the standout in the quarter, with gross margins in the 70% to 80% range, zero churn and six-figure pilots converting into eight-figure contracts, the note said.

The company is targeting about $100 million in space-based intelligence and AI revenue for the year, implying about $35 million in Q4 against $16.5 million this quarter, it added.

"The company has strong operating leverage and is a major beneficiary from falling launch/manufacturing/AI costs as the

space/AI food chain matures with pricing power," the note said.

Oppenheimer raised its price target to $50 from $31 while keeping its outperform rating.

Price: 36.97, Change: +4.73, Percent Change: +14.67

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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