Firefly Aerospace Shares Surge Following Strong Q3 2026 Earnings and Record Backlog
Firefly Aerospace (FLY) shares rose nearly 10% following the release of robust third-quarter 2026 financial results. The company reported sales of $110.7 million, a 259% year-over-year increase that exceeded analyst expectations of $103.2 million. Additionally, Firefly reported an adjusted loss per share of $0.45, which outperformed the anticipated $0.50 loss. The company reached a record backlog of $1.7 billion at the end of September 2026, driven by lunar missions and a strategic partnership with AST SpaceMobile. Looking ahead, management provided optimistic full-year revenue guidance between $440 million and $450 million. Following these results, major firms including Barclays and B. Riley raised their price targets for the stock.
Topics: backlog earnings report revenue growth space industry