Redwire Reports Strong Third Quarter 2026 Results with Record Backlog and Margin Expansion
Redwire (RDW) reported third-quarter 2026 revenue of $109 million, representing a 5.4% increase year over year. The company demonstrated significant operational improvement as gross margins nearly doubled from 16.3% to 32.3%, driven by pricing discipline and a shift toward higher-quality contract mixes. A key highlight for the quarter was the record contracted backlog, which reached $619.7 million, marking a 75% increase year over year. This growth is supported by a strong book-to-bill ratio of 1.73, indicating that new orders are significantly outpacing current sales in space power systems and defense technology sectors. The company also highlighted the success of its internal research and development (IRAD) investments, specifically noting that the ELSA solar array product line secured $27.8 million in contract awards within its first year. Management reaffirmed full-year 2026 revenue guidance between $450 million and $500 million.
Tickers: $RDW
Topics: Backlog Gross Margin Expansion Revenue Growth Space Technology