Intuitive Machines (NASDAQ:LUNR) Announces Quarterly Earnings Results

Intuitive Machines (NASDAQ:LUNR) announced its quarterly earnings results on Thursday. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates 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 LUNR stock traded down $0.07 during mid-day trading on Thursday, reaching $16.88. The stock had a trading volume of 15,524,765 shares, compared to its average volume of 12,871,221. Intuitive Machines has a one year low of $7.78 and a one year high of $46.75. The firm has a market cap of $3.66 billion, a PE ratio of -19.23 and a beta of 1.83. The firm’s 50 day simple moving average is $18.70 and its 200 day simple moving average is $21.94.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 267,448 shares of Intuitive Machines stock in a transaction on Monday, August 10th. The shares were sold at an average price of $16.17, for a total transaction of $4,324,634.16. Following the sale, the director owned 3,494,768 shares in the company, valued at $56,510,398.56. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Timothy Price Crain II sold 150,000 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $21.87, for a total transaction of $3,280,500.00. Following the completion of the sale, the senior vice president directly owned 351,279 shares in the company, valued at $7,682,471.73. This trade represents a 29.92% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 12,546,222 shares of company stock valued at $173,386,975. Company insiders own 54.10% of the company’s stock.

Institutional Trading of Intuitive Machines

Institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. increased its stake in Intuitive Machines by 144.8% in the fourth quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock valued at $48,000 after acquiring an additional 1,738 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Intuitive Machines during the fourth quarter worth about $56,000. Quarry LP boosted its holdings in Intuitive Machines by 151.4% during the third quarter. Quarry LP now owns 6,457 shares of the company’s stock valued at $68,000 after purchasing an additional 3,889 shares in the last quarter. Invesco Ltd. grew its stake in shares of Intuitive Machines by 19.7% in the 1st quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock valued at $120,000 after purchasing an additional 2,643 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Intuitive Machines in the 3rd quarter valued at approximately $123,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LUNR shares. Roth Capital boosted their price objective on Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Cantor Fitzgerald raised their target price on Intuitive Machines from $26.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. Stifel Nicolaus set a $32.00 price target on Intuitive Machines in a research report on Friday, May 15th. B. Riley Financial reiterated a “buy” rating on shares of Intuitive Machines in a report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $34.00 price objective on shares of Intuitive Machines in a research report on Wednesday, May 20th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $33.31.

Key Headlines Impacting Intuitive Machines

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.