Intuitive Machines (NASDAQ:LUNR) Releases Earnings Results, Beats Expectations By $0.08 EPS

Intuitive Machines (NASDAQ:LUNR) released its quarterly earnings results on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.08, reports. The firm had revenue of $269.35 million for the quarter, compared to analyst estimates of $245.90 million.

Here are the key takeaways from Intuitive Machines’ conference call:

• Positive Sentiment: Intuitive Machines reported record third-quarter revenue of $269 million, up 31% sequentially, with positive adjusted EBITDA of $8 million and record free cash flow of $33 million. Backlog reached $1.9 billion, supported by more than $450 million in new bookings and acquired backlog.
• Negative Sentiment: The company refined its 2026 revenue outlook to $920 million–$950 million, citing the timing of contract modifications and awards, while maintaining its expectation for positive full-year adjusted EBITDA. Management expects 13%–15% of September backlog to convert in Q4 and 40%–45% in 2027.
• Negative Sentiment: Gross margin rose to 26%, but included about $19 million in favorable one-time program adjustments; the company also recorded a $34 million operating loss. SG&A included a $9.5 million reserve related to HughesNet’s bankruptcy.
• Positive Sentiment: The company highlighted a more diversified business across civil, commercial, and defense markets, with new satellite awards and expanded ground-network capabilities following the Goonhilly and COMSAT acquisition. Management said production-readiness investments are intended to improve its ability to convert backlog into deliveries and revenue.
• Neutral Sentiment: Intuitive Machines plans to launch its first Altus lunar communications satellite with IM-3, targeted for March–April 2027, and launch four more in 2028; the timing depends on completing testing and commissioning. Management sees NASA’s 10-year CLPS 2 program as a longer-term growth opportunity, but task orders are expected to begin in 2027 and future service revenue has not yet been quantified.

Intuitive Machines Price Performance

NASDAQ LUNR traded up $0.85 on Thursday, hitting $13.03. The stock had a trading volume of 27,785,289 shares, compared to its average volume of 7,979,502. Intuitive Machines has a one year low of $7.78 and a one year high of $46.75. The company’s 50-day moving average is $12.95 and its two-hundred day moving average is $19.30.

Intuitive Machines News Summary

Here’s some of the latest news about LUNR:

• Positive Sentiment: Intuitive Machines announced a lunar contract with potential scope of up to $15 billion, offering a substantial longer-term opportunity, though the maximum scope is not guaranteed revenue. NASA lunar contract
• Positive Sentiment: Call-option volume was about 83% above its typical level, indicating increased options-market activity that may reflect bullish positioning, but is not a guarantee of future performance.
• Neutral Sentiment: 2026 revenue guidance of $920 million to $950 million is broadly in line with the $920.2 million analyst estimate.

Insider Activity

In other Intuitive Machines news, Director Kamal Ghaffarian sold 141,909 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $16.87, for a total value of $2,394,004.83. Following the completion of the sale, the director directly owned 3,494,768 shares of the company’s stock, valued at approximately $58,956,736.16. This represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Timothy Crain, II sold 100,000 shares of the stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $13.98, for a total transaction of $1,398,000.00. Following the sale, the senior vice president directly owned 351,279 shares of the company’s stock, valued at approximately $4,910,880.42. This represents a 22.16% decrease in their ownership of the stock. 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 ninety days, insiders have sold 391,263 shares of company stock valued at $6,077,802. Company insiders own 54.10% of the company’s stock.

Wall Street Analyst Weigh In

LUNR has been the topic of several research analyst reports. Stifel Nicolaus raised shares of Intuitive Machines from a “hold” rating to a “buy” rating and decreased their target price for the stock from $32.00 to $26.00 in a research report on Friday, August 14th. KeyCorp lowered their price objective on shares of Intuitive Machines from $38.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, November 2nd. Bank of America increased their target price on shares of Intuitive Machines from $11.00 to $13.00 and gave the stock an “underperform” rating in a research report on Monday, August 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a research note on Thursday, October 15th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Intuitive Machines in a research report on Monday, September 21st. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.75.

About Intuitive Machines

Intuitive Machines is a space exploration and infrastructure company headquartered in Houston, Texas. It develops and operates lunar landers and provides services intended to support missions to the Moon and other space destinations. The company’s offerings include lunar payload delivery, spacecraft and mission operations, and communications and data services. Its Nova-C lunar lander is designed to carry scientific instruments and other customer payloads to the lunar surface, including through NASA’s Commercial Lunar Payload Services program.