Intuitive Machines (NASDAQ: LUNR) published its second-quarter results after the market closed yesterday, and its stock is seeing strong gains in Friday's trading. The company's share price was up 10.5%in the daily session as of 12:30 p.m. Intuitive Machines' Q2 sales and earnings actually came in below Wall Street's expectations, but there was some good news for investors.
In addition to reaffirming its full-year sales forecast, the company provided new details about its lunar satellite constellation plans. This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » In the second quarter, Intuitive Machines recorded a net loss of $0.29 per share and revenue of roughly $206.2 million. The average Wall Street analyst estimate had only targeted a per-share loss of $0.10 in the quarter, and the average forecast called for sales in the period to be roughly $15 million higher.
Despite the sales and earnings misses, other updates from the company has been enough to spur big gains for the stock today. While the company's Q2 sales came in below expectations, Intuitive Machines still expects to post revenue between $900 million and $1 billion this year. The company also expects to record positive non-GAAP (adjusted) earnings before interest, taxes, depreciation, and amortization (EBITDA).
With the company's backlog increasing to $1.8 billion at the end of Q2 from roughly $300 million at the end of 2025, momentum appears strong in spite of sales missing Wall Street's forecast last quarter. Even better, the company says that it expects to have its full lunar satellite constellation network deployed in 2028 -- which would put tech foundations in place that could help supercharge the company's sales growth. Before you buy stock in Intuitive Machines, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Intuitive Machines wasn't one of them.
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