Redwire's second quarter revenue grew 90% to $117.1M, beating estimates as backlog hit a record $542.1M.

Redwire reported second-quarter revenue of $117.1 million, an 89.6% increase year-over-year, alongside a GAAP EPS loss of $0.19. The company achieved record gross margins and grew its contracted backlog to a new high, driven by strong performance in its Defense Tech segment. Redwire also reaffirmed its full-year 2026 revenue forecast of $450 million to $500 million.

Key Highlights

• Revenue grew 89.6% year-over-year to $117.1 million, surpassing analyst expectations of $107.4 million.
• Contracted backlog reached a record $542.1 million, supported by a strong quarterly book-to-bill ratio of 1.42.
• Gross margin expanded to a record 27.8%, a significant improvement from (30.9)% in the prior-year period.
• The Adjusted EBITDA loss narrowed by $24.2 million year-over-year to $(3.2) million, even with $12.5 million in R&D expenses.