Intuitive Machines (NASDAQ:LUNR) Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Intuitive Machines (NASDAQ:LUNR) released its quarterly earnings results on Thursday. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.07), Zacks reports.

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 Down 0.4%

Shares of NASDAQ LUNR traded down $0.07 during mid-day trading on Thursday, hitting $16.88. 15,524,765 shares of the company traded hands, compared to its average volume of 12,871,221. Intuitive Machines has a 1 year low of $7.78 and a 1 year high of $46.75. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of -19.23 and a beta of 1.83. The business has a 50 day moving average of $18.70 and a two-hundred day moving average of $21.94.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LUNR. Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $34.00 target price on shares of Intuitive Machines in a research note on Wednesday, May 20th. Canaccord Genuity Group lifted their target price on Intuitive Machines from $24.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Roth Capital boosted their price target on shares of Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Friday, July 17th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Intuitive Machines currently has an average rating of “Hold” and a consensus price target of $33.31.

Insider Buying and Selling

In related news, SVP Timothy Price Crain II sold 150,000 shares of Intuitive Machines stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $21.87, for a total value of $3,280,500.00. Following the transaction, the senior vice president owned 351,279 shares of the company’s stock, valued at approximately $7,682,471.73. This trade represents a 29.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William John Liquori, Jr. sold 18,321 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $29.87, for a total value of $547,248.27. Following the sale, the director owned 68,875 shares in the company, valued at approximately $2,057,296.25. The trade was a 21.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 12,546,222 shares of company stock worth $173,386,975. Company insiders own 54.10% of the company’s stock.

Institutional Trading of Intuitive Machines

Several institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. lifted its position in Intuitive Machines by 144.8% in the 4th 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 position in shares of Intuitive Machines during the 4th quarter valued at $56,000. Quarry LP increased its stake in shares of Intuitive Machines by 151.4% in the third quarter. Quarry LP now owns 6,457 shares of the company’s stock worth $68,000 after acquiring an additional 3,889 shares during the last quarter. Invesco Ltd. increased its stake in shares of Intuitive Machines by 19.7% in the first quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock worth $120,000 after acquiring an additional 2,643 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Intuitive Machines during the third quarter worth $123,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Key Intuitive Machines News

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

• Positive Sentiment: Revenue surged more than fourfold year over year to a record $206.2 million, while the company’s quarter-end backlog expanded to approximately $1.8 billion. Intuitive Machines also secured about $920 million in second-quarter awards, including a commercial geostationary-orbit satellite contract worth more than $600 million. Intuitive Machines Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Growing national-security work is strengthening the business mix: defense-related revenue rose to about 30% as spacecraft contracts expanded. The sizable backlog provides greater revenue visibility, although execution and contract timing remain important risks. Intuitive Machines Backlog Surges as Revenue Hits Record High
• Neutral Sentiment: The company maintained its fiscal 2026 revenue outlook, signaling confidence in its growing contract base, but the provided update did not include a specific EPS forecast.
• Negative Sentiment: Second-quarter revenue of $206.2 million fell short of analysts’ roughly $224 million estimate. A $14.7 million charge contributed to the shortfall and weakened the headline results. A $14.7M Reason Why Intuitive Machines Stock Is Sinking Today
• Negative Sentiment: Intuitive Machines reported a quarterly loss of $0.16 per share, wider than the approximately $0.09 consensus estimate and the $0.11 loss recorded a year earlier. The earnings miss appears to be the main reason LUNR sold off despite its substantial revenue and backlog growth. Intuitive Machines Reports Q2 Loss, Misses Revenue Estimates
• Negative Sentiment: Director Kamal Seyed Ghaffarian sold 267,448 shares worth approximately $4.3 million under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled, it is not necessarily a fundamental warning, but it adds selling pressure and may weigh on investor sentiment. Intuitive Machines Director Sells Shares

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.