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

Spire Global (NYSE:SPIR) issued its quarterly earnings data on Wednesday. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.05), FiscalAI reports. The business had revenue of $18.05 million for the quarter, compared to analysts’ expectations of $18.53 million. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%. 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 Performance

Spire Global stock traded down $0.65 during midday trading on Thursday, reaching $14.10. The company’s stock had a trading volume of 462,444 shares, compared to its average volume of 1,234,728. Spire Global has a fifty-two week low of $6.60 and a fifty-two week high of $25.93. The stock’s 50 day simple moving average is $15.25 and its 200 day simple moving average is $14.88. The firm has a market capitalization of $545.62 million, a PE ratio of 8.98 and a beta of 2.55.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SPIR shares. Stifel Nicolaus set a $24.00 target price on shares of Spire Global and gave the company a “buy” rating in a report on Thursday, June 4th. Alliance Global Partners reissued a “neutral” rating on shares of Spire Global in a report on Thursday, May 14th. Weiss Ratings upgraded Spire Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 29th. Canaccord Genuity Group set a $22.50 price objective on Spire Global and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, Benchmark reaffirmed a “buy” rating on shares of Spire Global in a research report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Spire Global has an average rating of “Moderate Buy” and a consensus price target 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 Activity at Spire Global

In related news, CTO Johann Gabriel Oehme sold 3,107 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total value of $59,250.49. Following the completion of the sale, the chief technology officer owned 218,096 shares in the company, valued at $4,159,090.72. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Alison K. Engel sold 12,702 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $19.08, for a total transaction of $242,354.16. Following the sale, the chief financial officer directly owned 265,838 shares in the company, valued at approximately $5,072,189.04. This represents a 4.56% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 52,297 shares of company stock worth $997,503. 13.04% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Spire Global

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lane Generational LLC grew its holdings in shares of Spire Global by 40.4% during the 4th quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock worth $5,589,000 after purchasing an additional 214,532 shares during the period. Stifel Financial Corp increased its position in Spire Global by 32.9% during the 4th quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock worth $3,934,000 after purchasing an additional 129,990 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Spire Global by 210.0% in the second quarter. Raymond James Financial Inc. now owns 171,956 shares of the company’s stock valued at $2,046,000 after buying an additional 116,488 shares during the period. Gilder Gagnon Howe & Co. LLC acquired a new position in Spire Global during the second quarter valued at approximately $1,375,000. Finally, Marshall Wace LLP lifted its position in Spire Global by 58.0% during the second quarter. Marshall Wace LLP now owns 269,401 shares of the company’s stock valued at $3,206,000 after buying an additional 98,925 shares in the last quarter. 19.97% of the stock is currently owned by institutional investors and hedge funds.

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.