York Space

Q2 FY2026 EarningsQ2 FY26 results were characterized by a significant bottom-line miss despite a healthy gross margin beat. Revenue reached $92.5M, missing the $93.9M consensus by 1.4%, while GAAP EPS of -$0.31 fell well short of the -$0.17 expected by analysts. The wider-than-expected loss was driven by post-IPO scaling of SG&A and $10.9M in stock-based compensation, alongside $6.0M in transaction costs from M&A activity. While the 24.0% gross margin exceeded the 21.4% consensus, the operational cost overhang and a shift in government procurement to IDIQ contracts suggest a more complex near-term growth trajectory.