LUNR
Earnings day, sequel edition
Intuitive Machines didn’t exactly cruise through Q2, but it also didn’t crash and burn. Revenue came in at $206.17 million, which is a lot more than last year’s $50.31 million, but still shy of Wall Street’s $220.76 million target. EPS was uglier: a 29-cent loss versus the 7-cent loss analysts were modeling.
The good news hiding in the weeds
Here’s the part investors care about: the company left full-year revenue guidance at $900 million to $1 billion and still expects positive adjusted EBITDA. Translation: management is saying the growth story is intact, even if the quarter itself was more “close enough” than “nailed it.”
Analysts do what analysts do
After the print, Stifel upgraded the stock from Hold to Buy but cut its price target from $32 to $26. Cantor Fitzgerald stayed Overweight and lowered its target from $43 to $32. That’s basically Wall Street’s version of: “We still like the story, but maybe don’t get too carried away.”
Why you should care
The stock was up 5.3% to $18.49 premarket, which tells you traders are focusing on the backlog, bookings, and guidance more than the headline miss. Big picture: LUNR is still very much a growth-and-execution story, and the market is willing to forgive a messy quarter if the roadmap still looks ambitious.