Intuitive Machines (NASDAQ:LUNR) Issues Earnings Results

Intuitive Machines (NASDAQ:LUNR) released its earnings results on Thursday. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18), FiscalAI reports. The business had revenue of $186.73 million for the quarter, compared to the consensus estimate 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 Trading Down 7.2%

Shares of LUNR stock traded down $2.63 on Friday, reaching $33.89. The company’s stock had a trading volume of 13,576,418 shares, compared to its average volume of 12,774,200. The stock’s fifty day simple moving average is $23.10 and its 200-day simple moving average is $17.71. Intuitive Machines has a 1 year low of $7.78 and a 1 year high of $37.85. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of -45.80 and a beta of 1.47.

Insider Buying and Selling at Intuitive Machines

In related news, CFO Peter Mcgrath sold 24,554 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $23.61, for a total value of $579,719.94. Following the completion of the transaction, the chief financial officer directly owned 401,246 shares of the company’s stock, valued at approximately $9,473,418.06. This trade represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Stephen J. Altemus sold 13,751 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $23.61, for a total transaction of $324,661.11. Following the completion of the transaction, the chief executive officer directly owned 1,162,495 shares of the company’s stock, valued at approximately $27,446,506.95. This trade represents a 1.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 906,297 shares of company stock valued at $19,922,455. 54.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LUNR. Sunbelt Securities Inc. boosted its stake in Intuitive Machines by 144.8% during 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 during the period. Caitong International Asset Management Co. Ltd purchased a new position in Intuitive Machines during the fourth quarter worth $56,000. Quarry LP boosted its stake in Intuitive Machines by 151.4% during the third quarter. Quarry LP now owns 6,457 shares of the company’s stock worth $68,000 after buying an additional 3,889 shares during the period. Invesco Ltd. boosted its stake in Intuitive Machines by 19.7% during the first quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock worth $120,000 after buying an additional 2,643 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new position in Intuitive Machines during the third quarter worth $123,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Intuitive Machines News Summary

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

• Positive Sentiment: Canaccord raised its price target on Intuitive Machines to $41, signaling increased confidence in the company’s long-term upside tied to NASA lunar infrastructure work and potential defense-related opportunities. Canaccord Just Hiked Intuitive Machines Price Target to $41: NASA Moon Base, Golden Dome Power Bull Case
• Positive Sentiment: Intuitive Machines won a U.S. Space Force surveillance contract, adding to its backlog and reinforcing demand for its space and defense services. Intuitive Machines stock gains on securing US Space Force surveillance contract
• Positive Sentiment: The company reported record quarterly revenue, gross margin, positive adjusted EBITDA, and a record $1.1 billion backlog, which supports the bull case for future growth despite the 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 acquisition of Goonhilly Earth Station and COMSAT could expand Intuitive Machines’ space-to-Earth communications network and improve its competitive position. Intuitive Machines to Acquire Goonhilly Earth Station and COMSAT
• Neutral Sentiment: Several articles highlighted the stock’s huge recent run and compared it with other space names, suggesting momentum remains strong but valuations may now be more sensitive to execution. Better Space Stock: Firefly Aerospace vs. Intuitive Machines
• Negative Sentiment: The Q1 report missed analyst estimates on both EPS and revenue, which is pressuring the stock and raising questions about near-term execution. Intuitive Machines earnings report
• Negative Sentiment: Despite the strong headline growth, some coverage emphasized that the stock sold off after the earnings release because investors focused on the miss rather than the improved EBITDA and backlog. Intuitive Machines Posts Stellar Earnings. Why the Space Stock Is Diving to Earth.

Analysts Set New Price Targets

LUNR has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Intuitive Machines from $18.00 to $22.00 and gave the company a “buy” rating in a report on Friday, March 20th. KeyCorp increased their price objective on shares of Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Stifel Nicolaus set a $32.00 price objective on shares of Intuitive Machines in a report on Friday. Finally, Cantor Fitzgerald increased their price objective on shares of Intuitive Machines from $16.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, March 20th. Eight equities 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 company. According to MarketBeat.com, Intuitive Machines 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.