Intuitive Machines (NASDAQ:LUNR) Posts Earnings Results

Intuitive Machines (NASDAQ:LUNR) issued its quarterly earnings data on Thursday. The company reported ($0.16) earnings per share (EPS) 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 Performance

LUNR traded down $0.13 during trading on Thursday, reaching $16.82. 15,782,747 shares of the company’s stock were exchanged, compared to its average volume of 12,873,961. Intuitive Machines has a fifty-two week low of $7.78 and a fifty-two week high of $46.75. The firm has a market capitalization of $3.65 billion, a PE ratio of -19.22 and a beta of 1.83. The company’s fifty day moving average price is $18.70 and its 200-day moving average price is $21.94.

Insider Buying and Selling

In other Intuitive Machines news, SVP Timothy Price Crain II sold 150,000 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $21.87, for a total value of $3,280,500.00. Following the transaction, the senior vice president owned 351,279 shares of the company’s stock, valued at approximately $7,682,471.73. This represents a 29.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder International L.P. Advent sold 11,495,514 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $12.84, for a total value of $147,602,399.76. Following the completion of the sale, the insider directly owned 11,495,514 shares of the company’s stock, valued at approximately $147,602,399.76. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 12,546,222 shares of company stock worth $173,386,975. Company insiders own 54.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. raised its position in shares of 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 purchasing an additional 1,738 shares during the period. Invesco Ltd. lifted its stake in Intuitive Machines by 7.6% in the fourth quarter. Invesco Ltd. now owns 63,475 shares of the company’s stock valued at $1,030,000 after buying an additional 4,462 shares in the last quarter. Virtue Capital Management LLC increased its position in shares of Intuitive Machines by 151.4% during the fourth quarter. Virtue Capital Management LLC now owns 54,342 shares of the company’s stock worth $972,000 after acquiring an additional 32,730 shares in the last quarter. Vident Advisory LLC raised its holdings in shares of Intuitive Machines by 38.9% during the fourth quarter. Vident Advisory LLC now owns 118,204 shares of the company’s stock worth $1,918,000 after acquiring an additional 33,101 shares during the period. Finally, VARCOV Co. acquired a new position in Intuitive Machines in the 4th quarter worth $675,000. 72.21% of the stock is currently owned by institutional investors.

Key Stories 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

Wall Street Analyst Weigh In

A number of research firms have commented on LUNR. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Friday, July 17th. KeyCorp lifted their target price on shares of Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Stifel Nicolaus set a $32.00 price target on Intuitive Machines in a research report on Friday, May 15th. Zacks Research raised Intuitive Machines from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $33.31.

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.