Redwire

Q2 FY2026 EarningsQ2 FY26 beat consensus on the top line and operational profitability, with revenue of $117.1M vs. $107.9M expected and gross margin expanding to 27.8% vs. 24.6% expected. Adjusted EPS of -$0.09 significantly outperformed the -$0.13 consensus, despite a GAAP EPS miss caused by a non-cash $14.5M warrant liability revaluation. The Defense Tech segment was the primary growth engine, surging 1,118% YoY to $61.9M following the successful integration of Edge Autonomy. Record backlog of $542.1M and a book-to-bill of 1.42 provide strong visibility for the remainder of the fiscal year.