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LUNRBullishCorporate Developmentsnews
High materiality8/10

Intuitive Machines posts strong Q2 with record backlog and growth trajectory

Aug 13, 2026, 7:45 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Backlog growth and higher NSNS revenue share reduce revenue visibility risk; Acquisitions expand recurring revenue potential; Positive guidance (EBITDA, revenue) supports multiple expansion potential beyond a single-quarter beat.

AI summary

What happened, with direct paths to the underlying reporting

Intuitive Machines reported Q2 2026 revenue of $206 million, more than four times the prior year, with backlog near $1.76 billion and cash of about $367 million. The company closed the Goonhilly and COMSAT acquisitions to expand its space-ground data network and saw NSNS revenue surge to 30% of total, supporting a positive EBITDA outlook and 2026 revenue guidance of $0.9–$1.0 billion.

  • Q2 2026 revenue was $206M, up 4x from 2025.
  • Backlog at 6/30/2026: about $1.76B, up $1.55B.
  • Goonhilly Earth Station and COMSAT acquisitions closed to expand data network.
  • NSNS revenue rose to 30% YoY; 2026 guidance issued.

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