Voyager Revenue Jumps 124% to $89 Million in Third Quarter of 2026
Key Facts
Voyager Technologies reported record quarterly revenue of $89 million in the third quarter of 2026, up 124% year over year, according to a statement published by Business Wire. The announcement came alongside backlog reaching a record $742 million, putting realized revenue growth alongside a substantial volume of work on the books. The company also reported record quarterly bookings of $116 million, up 135% from the same quarter a year earlier. The three figures highlight the breadth of activity during the quarter, while measuring different things: revenue recognized, bookings and backlog. The company is scheduled to discuss the results on a call on November 3.
Backlog rose 293% compared with the third quarter of 2025 and increased 121% from the second quarter of 2026, according to the earnings statement. That means the balance recorded at quarter-end was more than double its level in the previous quarter, while its annual growth exceeded the 124% increase in revenue. But a specific portion of that balance is tied to the company’s expansion through an acquisition: the Astrobotic deal added $347 million to backlog. The value of work added through the deal therefore represents a material portion of the $742 million total. The available disclosure does not establish that the remaining growth reflects strong organic performance, so it should not be characterized that way.
Second-quarter figures provide a recent benchmark for comparison with third-quarter results. Voyager reported revenue of $52.7 million, bookings of $113 million and backlog of $335.5 million for that quarter. Compared with the third quarter, revenue rose from $52.7 million to $89 million, bookings from $113 million to $116 million, and backlog from $335.5 million to $742 million. The comparison is consistent with the company’s reported 121% quarter-over-quarter increase in backlog. Third-quarter year-over-year growth in revenue and bookings was 124% and 135%, respectively.
In its second-quarter disclosure, the company said bookings of $113 million for that quarter were 2.1 times revenue. It said at the time that backlog of $335.5 million provided revenue visibility through 2027. That explanation puts the backlog balance in the context of the company’s ability to see future revenue, but it dates to the second-quarter disclosure. Voyager raised its fiscal 2026 revenue guidance in August to a range of $275 million to $305 million. The company estimated that range represented annual growth of between 66% and 84%. The upcoming results call offers an opportunity to learn whether management will update that guidance.
The second-quarter background includes other financial indicators alongside revenue and bookings growth. Voyager reported a net loss of $46.5 million for that quarter and adjusted earnings before interest, taxes, depreciation and amortization losses of $37.5 million. It ended the period with $373.4 million in cash and cash equivalents and total liquidity of $585.5 million. The company partly attributed the adjusted loss to the expansion of the Starlab project and continued investment to support future growth. These figures relate to the second quarter; the available materials do not include third-quarter net income or liquidity results.
The Astrobotic deal dates to Voyager’s announcement in June 2026, when it said the acquisition supported NASA’s Artemis program. The company linked the deal to the goal of establishing a permanent U.S. presence on the Moon by 2028. In the third-quarter results, the deal’s impact appears as a $347 million addition to backlog, according to the earnings statement. That figure identifies the acquisition’s contribution to the balance, while reported total backlog stands at $742 million. This link provides context for understanding the size of the new balance without attributing the entire increase to the company’s pre-acquisition activity.
Voyager shares, trading under the ticker VOYG, closed at $26.43 on October 30, 2026, according to EL7 data. The available data do not include the stock’s movement after the results announcement or compare the closing price with the market’s return during the session. The company scheduled a call to discuss third-quarter results for Tuesday, November 3, 2026, at 9 a.m. Eastern Time. Management is expected to present and discuss the results during the call, according to the investor relations announcement. The annual guidance raised by the company in August and its backlog are among the key previously disclosed figures in this context.