BlackSky Tech

Q2 FY2026 EarningsQ2 FY26 results significantly beat consensus on the top line, with revenue of $33.3M exceeding the expected $29.9M by 11.3%. The performance was driven by a 50% YoY surge in Space-based Intelligence & AI services, benefiting from strong demand for Gen-3 satellite imagery. While GAAP EPS of -$0.54 missed the -$0.39 consensus due to non-cash derivative losses, the underlying business demonstrated operating leverage with Adjusted EBITDA turning positive to $4.7M. Full-year FY26 guidance was reaffirmed, supported by a $150M capital raise that solidified the balance sheet for upcoming Gen-3 launches.