Firefly Q2 2026 slides: record revenue tops $100M, backlog hits $1.5B

Firefly Aerospace reported its second-quarter 2026 financial results on August 11, achieving a record $117.7 million in revenue and a $1.5 billion backlog. While the company missed earnings expectations with a $0.42 per share adjusted loss, investors favored the revenue growth and expanding backlog. Firefly's stock rose 7.2% overall, reflecting confidence in the company's trajectory.

The backlog surpassed the prior quarter's $1.3 billion, with 95% of the full-year 2026 revenue target already secured at $420 million to $450 million. Spacecraft solutions accounted for 92% of total revenue, while launch services contributed $9.4 million. Firefly's lunar mission portfolio includes six awarded missions to date, with contracts for lunar, Mars, and defense programs.

The company is quadrupling its cleanroom space, acquiring AI-powered vision navigation and autonomous guidance systems, and securing significant defense contracts, including a $94 million Space Force contract and a $5.5 million Air Force contract.