Redwire Corp (NYSE:RDW) shares are trading higher Thursday after reporting second-quarter financial results featuring better-than-expected sales performance.
- Redwire stock is charging ahead with explosive momentum. What’s fueling RDW momentum?
Strong Revenue Growth and Wall Street Upgrade Drives Momentum
The space and defense technology firm posted second-quarter revenue of $117.07 million, up 89.6% year-over-year and surpassing Wall Street estimates of $107.30 million. Earnings per share came in at a loss of 19 cents per share, slightly missing expectations of a loss of 15 cents.
Cantor Fitzgerald analyst Colin Canfield maintained an Overweight rating on Redwire stock while raising his price target from $9.00 to $13.50 this week. Jefferies also increased its price target from $13 to $24 in June, while moving to a Hold rating.
Management Highlights Record Backlog and Reaffirms Full-Year Outlook
Company leadership expressed confidence in operational performance and future trajectory. “With new record highs for both revenue of $117.1 million and gross margin of 27.8%, Redwire’s second quarter of 2026 was defined by successful execution,” said Peter Cannito, chairman, CEO and president of Redwire.
Cannito emphasized that a record backlog of $542.1 million and a strengthened balance sheet position the company to meet rising demand for mission-critical platforms.
CFO Chris Edmunds added that achieving $214.0 million in first-half revenue provides significant visibility for the second half of the year. Supported by this momentum, Redwire reaffirmed its full-year 2026 revenue guidance of $450 million to $500 million.
RDW Shares Climb Thursday Morning
RDW Price Action: Redwire shares were up 13.71% at $12.19 at the time of publication on Thursday, according to Benzinga Pro data.
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