Redwire (RDW) reported a record third-quarter 2026 backlog of $619.7 million, nearly 75% higher year over year, while its book-to-bill ratio rose to 1.73. Results were posted after the market close, and uneven revenue timing weighed on the quarter as sales fell short of Wall Street forecasts. On November 5, the stock dropped 21% to $6.13, despite the company recording record margins for the quarter. Intuitive Machines and Planet Labs also fell 15% and 12%, respectively.
Redwire reported a Q3 2026 earnings beat alongside a revenue miss, creating mixed sentiment despite the company achieving a record $619.7 million backlog.
Read the full storyRedwire exceeded Q3 earnings per share estimates by $0.03 despite missing revenue targets, while reporting a record $619.7 million backlog and issuing full-year 2026 guidance.