Spire Global (NYSE:SPIR) Releases Earnings Results, Misses Expectations By $0.05 EPS

Spire Global (NYSE:SPIR) announced its earnings results on Wednesday. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.05), FiscalAI reports. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. The company had revenue of $18.05 million for the quarter, compared to the consensus estimate of $18.53 million. Spire Global updated its FY 2026 guidance to -0.950–0.810 EPS.

Here are the key takeaways from Spire Global’s conference call:

• 2026 revenue guidance was reaffirmed at $75 million–$85 million, implying more than 50% core revenue growth at the midpoint. Management said over 85% of the midpoint was under contract as of the end of July, although most remaining growth is expected in the fourth quarter.
• NOAA opportunities advanced, including a signed hyperspectral microwave sounding data extension worth up to $5 million and an eight-figure contract now in negotiation. Spire also expects a near-term radio occultation bridge award and believes the follow-on contract will exceed last year’s $11.2 million annual award.
• RF geolocation demand continued to build, with four new international customers added in the second quarter and collection capacity increasing roughly tenfold since the start of the year. New German partnerships, European defense spending, and manufacturing facilities in North America, Germany, and the U.K. are intended to support longer-term government and defense growth.
• Second-quarter non-GAAP gross margin fell to 38% from 52% a year earlier, primarily due to the cancellation of the WildFireSat contract and related balance-sheet cleanup. Adjusted EBITDA remained negative at $8.6 million, while operating cash flow used was $23.4 million, though management expects sequential improvement and EBITDA breakeven by late 2026 to early 2027.

Spire Global Stock Down 6.0%

Shares of NYSE SPIR traded down $0.89 on Thursday, reaching $13.85. 495,044 shares of the company’s stock traded hands, compared to its average volume of 1,234,922. Spire Global has a 12 month low of $6.60 and a 12 month high of $25.93. The business’s 50 day simple moving average is $15.25 and its two-hundred day simple moving average is $14.88. The company has a market cap of $536.13 million, a price-to-earnings ratio of 8.91 and a beta of 2.55.

Analyst Upgrades and Downgrades

Several brokerages have commented on SPIR. Weiss Ratings upgraded shares of Spire Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 29th. Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a report on Thursday, May 14th. Stifel Nicolaus set a $24.00 target price on Spire Global and gave the company a “buy” rating in a research note on Thursday, June 4th. Wall Street Zen lowered Spire Global from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Finally, Canaccord Genuity Group set a $22.50 price objective on Spire Global and gave the company a “buy” rating in a research report on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Spire Global has an average rating of “Moderate Buy” and an average target price of $16.70.

Key Headlines Impacting Spire Global

Here are the key news stories impacting Spire Global this week:

• Positive Sentiment: Spire reaffirmed its fiscal 2026 revenue outlook of $75 million to $85 million, broadly in line with the roughly $79.9 million analyst consensus. Its adjusted EPS guidance of -$0.95 to -$0.81 is also slightly better than the prior consensus estimate of -$0.97. Spire reaffirms 2026 outlook and discusses NOAA award
• Positive Sentiment: The company is negotiating a potential eight-figure NOAA microwave-sounding award. Although not yet secured, the contract could provide meaningful revenue and validate Spire’s satellite-data capabilities if awarded. NOAA microwave-sounding award negotiations
• Neutral Sentiment: Management’s earnings presentation and conference call emphasized satellite-data subscriptions and the company’s broader commercial and government opportunity pipeline, but the available reports did not identify a newly signed major subscription agreement. Q2 2026 earnings call transcript
• Negative Sentiment: Second-quarter results fell short of expectations: Spire reported a $0.31 per-share loss versus the approximately $0.26-$0.27 consensus loss, while revenue of $18.05 million missed estimates of about $18.5 million. Results also compared unfavorably with earnings of $0.48 per share a year earlier. Spire Q2 loss report

Insider Transactions at Spire Global

In related news, COO Perez Celia Pelez sold 4,660 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total value of $88,866.20. Following the sale, the chief operating officer owned 263,116 shares in the company, valued at $5,017,622.12. This represents a 1.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Johann Gabriel Oehme sold 3,107 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total value of $59,250.49. Following the transaction, the chief technology officer directly owned 218,096 shares of the company’s stock, valued at approximately $4,159,090.72. This trade represents a 1.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 52,297 shares of company stock worth $997,503. Company insiders own 13.04% of the company’s stock.

Hedge Funds Weigh In On Spire Global

Several large investors have recently modified their holdings of SPIR. Russell Investments Group Ltd. bought a new stake in Spire Global during the 3rd quarter valued at about $25,000. Osaic Holdings Inc. bought a new position in shares of Spire Global in the second quarter worth approximately $25,000. BNP Paribas Financial Markets lifted its stake in shares of Spire Global by 84.6% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after buying an additional 1,260 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Spire Global by 71.2% during the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock valued at $49,000 after buying an additional 1,699 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of Spire Global during the fourth quarter valued at approximately $84,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

About Spire Global

Spire Global (NYSE: SPIR) is a space-to-cloud data and analytics company that operates a constellation of low Earth orbit nanosatellites to collect radio occultation, maritime Automatic Identification System (AIS), and aviation tracking data. By leveraging proprietary satellite hardware and ground infrastructure, Spire captures precise, near-real-time observations of Earth’s atmosphere, oceans, and surface traffic to power downstream analytics for weather forecasting, fleet optimization, and safety monitoring.

The company’s core offerings include weather and climate intelligence derived from GPS radio occultation, which enhances numerical weather prediction models; maritime domain awareness services that track vessel movements and supply chain dynamics; and aviation analytics that monitor air traffic for efficiency and security applications.