Q2 2026 Redwire Corp Earnings Call Transcript

Aug 6, 2026 / 01:00 PM GMT

Release Date Price: €10.68 (+17.11%)

Transcript 10-Q8-K

Key Points

Positve

Record quarterly revenue of $117.1 million, up 89.6% year-over-year and 20.7% sequentially.
Record gross margin of 27.8%, driven by stronger defense tech contribution and shift to production.
Record backlog of $542.1 million, with a book-to-bill ratio of 1.42 for the quarter and 1.52 on a last-12-month basis.
Strengthened balance sheet with $557.8 million in cash, a 6x increase year-over-year, and reduced total debt by 75%.
Historic agreement to purchase a SpaceX Starfall spacecraft, enabling large-scale microgravity manufacturing with up to 32 pillboxes per mission.

Negative

Adjusted EBITDA remained negative at -$3.2 million for the quarter.
Net loss of $41 million, though improved by $56 million year-over-year.
Elevated internal R&D spending increased to $12.5 million, up from $1.7 million year-over-year, pressuring near-term profitability.
Inventory build-up increased 23% sequentially, a drag on cash flow, with further increases expected in Q3.
Gross margin guidance remains conservative at low-to-mid 20s, despite the record 27.8% quarter, due to potential EAC adjustments.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RDW.N - Redwire Corporation
Q2 2026 Redwire Corp Earnings Call
Aug 06, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the Red Wire Corporation Q2 2026 earnings call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow a formal presentation.

If anyone should require operator assistance, please press *0 on your telephone keypad.

As a reminder, this conference is being recorded.

It is now my pleasure to introduce Alex Curatolo, Senior Director of Investor Relations.

Thank you. You may begin.

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Unidentified_2 [2]
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Good morning, and thank you, Diego. Welcome to RedWire's

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