Intuitive Machines (NASDAQ:LUNR) Issues Earnings Results, Misses Expectations By $0.20 EPS

Intuitive Machines (NASDAQ:LUNR) announced its quarterly earnings results on Thursday. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.20), FiscalAI reports. The business had revenue of $206.17 million during the quarter, compared to analyst estimates of $216.33 million.

Here are the key takeaways from Intuitive Machines’ conference call:

• Record growth and backlog: Second-quarter revenue reached $206 million, more than four times the prior-year level, while backlog grew to approximately $1.8 billion. Management reaffirmed its $900 million–$1 billion full-year revenue outlook and expects positive adjusted EBITDA.
• Bookings and customer diversification accelerated: The company reported $1.7 billion in year-to-date bookings, including a record $1.2 billion in Q2 through the call date, with demand spanning civil, commercial, and national-security customers. Additional authority-to-proceed awards could add roughly $300 million of bookings in the second half.
• Intuitive Machines expanded its satellite manufacturing position through major programs, including three commercial GEO satellites worth more than $600 million, 18 additional AMDT-3 national-security satellites, and more than 70 IM-300 spacecraft under contract. Management said production capacity remains available for additional orders.
• The company accelerated its lunar communications network, targeting launch of Altus-1 in Q1 2027 and deployment of Altus-2 through Altus-5 together in 2028. The planned network is expected to generate pay-by-the-minute communications revenue plus additional positioning, navigation, and timing service revenue.
• Cash usage remains elevated: Operating cash flow was negative $60 million and total quarterly cash deployment was $84 million, driven by inventory, infrastructure, acquisition costs, capital expenditures, and an IM-4 milestone payment. The company ended the quarter with $367 million in cash after raising $235 million through its at-the-market equity program and has not provided a timetable for free-cash-flow breakeven.

Intuitive Machines Stock Performance

LUNR opened at $17.56 on Friday. The stock has a fifty day moving average of $18.38 and a 200-day moving average of $21.92. The company has a market capitalization of $3.81 billion, a P/E ratio of -19.95 and a beta of 1.83. Intuitive Machines has a fifty-two week low of $7.78 and a fifty-two week high of $46.75.

Insider Buying and Selling at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 267,448 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $16.17, for a total transaction of $4,324,634.16. Following the transaction, the director directly owned 3,494,768 shares of the company’s stock, valued at approximately $56,510,398.56. This trade represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William John Liquori, Jr. sold 18,321 shares of Intuitive Machines stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $29.87, for a total transaction of $547,248.27. Following the completion of the sale, the director owned 68,875 shares of the company’s stock, valued at $2,057,296.25. This trade represents a 21.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 12,546,222 shares of company stock valued at $173,386,975. 54.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. First Trust Advisors LP grew its position in Intuitive Machines by 3,582.9% during the third quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock worth $25,809,000 after buying an additional 2,386,688 shares in the last quarter. Jump Financial LLC raised its holdings in Intuitive Machines by 5,262.9% in the 3rd quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock valued at $14,095,000 after acquiring an additional 1,314,888 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Intuitive Machines by 523.7% during the 4th quarter. Marshall Wace LLP now owns 1,260,459 shares of the company’s stock valued at $20,457,000 after acquiring an additional 1,058,376 shares during the period. Alyeska Investment Group L.P. lifted its position in shares of Intuitive Machines by 177.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,429,791 shares of the company’s stock valued at $15,041,000 after acquiring an additional 913,650 shares during the period. Finally, UBS Group AG grew its holdings in shares of Intuitive Machines by 53.4% during the 3rd quarter. UBS Group AG now owns 2,537,866 shares of the company’s stock worth $26,698,000 after purchasing an additional 883,513 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Roth Capital set a $30.00 price objective on shares of Intuitive Machines in a research report on Thursday. Stifel Nicolaus set a $26.00 target price on shares of Intuitive Machines in a report on Friday. KeyCorp upped their price target on shares of Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. B. Riley Financial reissued a “buy” rating on shares of Intuitive Machines in a report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $34.00 price objective on shares of Intuitive Machines in a research report on Wednesday, May 20th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $31.94.

Key Headlines Impacting Intuitive Machines

Here are the key news stories impacting Intuitive Machines this week:

• Positive Sentiment: Quarterly revenue rose approximately fourfold year over year to a record $206.2 million, demonstrating strong execution and accelerating demand across the company’s space and infrastructure businesses. Intuitive Machines Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Quarter-end backlog expanded to a record $1.8 billion, supported by roughly $920 million in second-quarter awards. National-security work accounted for about 30% of revenue, while a commercial geostationary-orbit satellite contract worth more than $600 million added further visibility. Intuitive Machines Backlog Surges as Revenue Hits Record High
• Neutral Sentiment: Management maintained its 2026 outlook, which may reassure investors focused on the company’s long-term growth, although the earnings presentation and conference call highlighted execution and contract-timing risks. 2026 Q2 Results Earnings Call Presentation
• Negative Sentiment: Profitability fell well short of expectations. Intuitive Machines reported a quarterly loss of approximately $0.16 per share on a Zacks-adjusted basis, versus a projected $0.07 loss; another reported measure showed a $0.29 per-share loss versus a $0.09 estimate. A $14.7 million charge contributed to the shortfall. Intuitive Machines Reports Q2 Loss
• Negative Sentiment: Revenue also missed consensus estimates of roughly $216 million to $224 million, despite the year-over-year surge. The combination of weaker-than-expected revenue, a larger loss and the charge explains why the stock initially declined following the release. Why LUNR Stock Is Declining
• Negative Sentiment: Director Kamal Seyed Ghaffarian sold 267,448 shares for approximately $4.3 million under a pre-arranged Rule 10b5-1 plan. While scheduled selling reduces its signaling value, the transaction cut his direct ownership by 7.1%. Intuitive Machines Director Share Sale

About Intuitive Machines

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.