Intuitive Machines (NASDAQ:LUNR) Posts Quarterly Earnings Results, Misses Estimates By $0.18 EPS

Intuitive Machines (NASDAQ:LUNR) posted its earnings results on Thursday. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18), FiscalAI reports. The company had revenue of $186.73 million for the quarter, compared to analysts’ expectations of $202.95 million.

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

• Intuitive Machines reported a record Q1 with revenue of $186.7 million, gross profit of $30.1 million, and positive adjusted EBITDA of $2.7 million. Management said the quarter also ended with a record $1.1 billion backlog, supported by more than $400 million in new bookings.
• The company highlighted major growth catalysts, including the Andromeda IDIQ award from the U.S. Space Force, a 10-year vehicle with an anticipated ceiling value of $6.24 billion. Management said the award reinforces the company’s push into national security space and GEO capabilities.
• Intuitive Machines announced a definitive agreement to acquire Goonhilly Earth Station and its U.S. subsidiary COMSAT, which it expects to close in the third quarter pending approvals. The deal is intended to expand the company’s ground-station and space-to-ground network capabilities for lunar, cislunar, and GEO operations.
• NASA’s emerging Ignition framework appears to be creating a larger, more sustained lunar infrastructure market, and management said Intuitive Machines is well positioned across delivery, data relay, and mobility. The company pointed to upcoming opportunities such as CS-8, updated Lunar Terrain Vehicle awards, and CLPS 2.0 as key future demand drivers.
• The company maintained its full-year guidance of $900 million to $1 billion in revenue and expects positive adjusted EBITDA for 2026. It also noted that quarterly SG&A and free cash flow should improve as one-time acquisition and integration costs fade, although operating cash use and negative free cash flow were elevated in Q1.

Intuitive Machines Stock Down 7.2%

Shares of NASDAQ LUNR traded down $2.63 during trading on Friday, hitting $33.89. The company had a trading volume of 13,610,984 shares, compared to its average volume of 12,418,094. Intuitive Machines has a fifty-two week low of $7.78 and a fifty-two week high of $37.85. The stock has a fifty day simple moving average of $23.41 and a two-hundred day simple moving average of $17.83. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of -38.51 and a beta of 1.47.

Insider Activity at Intuitive Machines

In other news, CEO Stephen J. Altemus sold 13,751 shares of Intuitive Machines stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $324,661.11. Following the sale, the chief executive officer directly owned 1,162,495 shares of the company’s stock, valued at $27,446,506.95. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kamal Seyed Ghaffarian sold 283,818 shares of the stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $18.78, for a total value of $5,330,102.04. Following the completion of the transaction, the director directly owned 3,494,768 shares of the company’s stock, valued at approximately $65,631,743.04. This represents a 7.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 906,297 shares of company stock valued at $19,922,455. 54.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intuitive Machines

A number of large investors have recently modified their holdings of the business. Sunbelt Securities Inc. lifted its stake in shares of Intuitive Machines by 144.8% in the fourth quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock worth $48,000 after buying an additional 1,738 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Intuitive Machines during the 4th quarter valued at about $56,000. Quarry LP raised its holdings in Intuitive Machines by 151.4% in the 3rd quarter. Quarry LP now owns 6,457 shares of the company’s stock valued at $68,000 after acquiring an additional 3,889 shares during the last quarter. Invesco Ltd. raised its holdings in Intuitive Machines by 19.7% in the 1st quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock valued at $120,000 after acquiring an additional 2,643 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in Intuitive Machines in the 3rd quarter worth approximately $123,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Intuitive Machines News Roundup

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

• Positive Sentiment: Canaccord raised its price target to $41, reinforcing a bullish outlook tied to Intuitive Machines’ role in NASA lunar infrastructure and potential defense-related opportunities. Canaccord Just Hiked Intuitive Machines Price Target to $41: NASA Moon Base, Golden Dome Power Bull Case
• Positive Sentiment: The company secured a U.S. Space Force surveillance contract, adding another government-backed revenue stream and strengthening the investment case for its space-infrastructure business. Intuitive Machines stock gains on securing US Space Force surveillance contract
• Positive Sentiment: Management reported record quarterly revenue, gross margin improvement, positive adjusted EBITDA, and a record backlog, signaling meaningful business momentum despite the headline earnings miss. Intuitive Machines Reports First Quarter 2026 Financial Results; Posts Record Quarterly Revenue, Gross Margin, and Positive Adjusted EBITDA along with Record Quarter-end Backlog of $1.1 Billion
• Positive Sentiment: The planned Goonhilly Earth Station and COMSAT acquisition could expand the company’s space-to-Earth communications network and deepen its lunar communications capabilities. Intuitive Machines to Acquire Goonhilly Earth Station and COMSAT
• Neutral Sentiment: Analyst commentary and comparisons with peers have kept attention on LUNR’s long-term space-infrastructure potential, but these pieces are mainly sentiment-driven rather than new fundamentals. Better Space Stock: Firefly Aerospace vs. Intuitive Machines
• Negative Sentiment: Q1 earnings were still below expectations, with EPS and revenue both missing estimates, reminding investors that the company is not yet consistently meeting Wall Street targets. Intuitive Machines Inc (LUNR) Q1 2026 Earnings Call Highlights: Record Revenue and Strategic …

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Intuitive Machines from a “sell” rating to a “strong sell” rating in a research report on Saturday. Roth Mkm raised their target price on Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Canaccord Genuity Group upped their price target on Intuitive Machines from $24.00 to $41.00 and gave the stock a “buy” rating in a report on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Tuesday, April 21st. Finally, Stifel Nicolaus set a $32.00 price objective on Intuitive Machines in a report on Friday. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Intuitive Machines currently has an average rating of “Hold” and an average target price of $26.75.

Intuitive Machines Company Profile

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.