Firefly Aerospace Inc. (NASDAQ:FLY) shares are falling Tuesday ahead of the company’s third-quarter earnings report, which is scheduled for release after the market close.
- Firefly Aerospace stock is showing notable weakness. What’s weighing on FLY shares?
Firefly Aerospace Stock Falls Ahead of Earnings
Firefly produces rockets along with spacecraft and software, and its previous report showed rapid growth. Shares are slipping before the new results, meaning traders may be positioning for the report. Analysts predict a 48-cent loss per share and $102.30 million in revenue.
That revenue forecast is about 13% lower than the $117.68 million Firefly reported in the second quarter. Growth in the second quarter reached 659% over a year earlier and 45.5% over the first quarter, and revenue topped the $88.20 million forecast.
Firefly’s second-quarter adjusted loss came to 42 cents a share, narrower than the 52 cents analysts expected. It finished that quarter holding $459.82 million of cash plus about $175.45 million of short-term holdings.
The company held its 2026 revenue forecast at $420 million up to $450 million, a $435 million midpoint that sits below the $440.35 million analysts expected. CEO Jason Kim said then that passing $100 million in quarterly revenue “demonstrates Firefly’s amplified growth.”
If Firefly loses less than 48 cents a share, it did better than analysts expected, and a larger loss would mean it did worse. Revenue above $102.30 million would signal sales running ahead of forecasts, as in the second quarter, while anything below would signal a shortfall.
Investors will also watch whether Firefly keeps, raises or cuts its full-year revenue range, currently $420 million up to $450 million.
Firefly Signs Synspective Launch Deal
On top of today’s earnings report, Synspective, a Japanese satellite radar company, has booked as many as 10 Alpha rocket flights with Firefly through 2030, the companies announced Tuesday.
Alpha will place two Synspective satellites in orbit per mission, up to 20 in total, which its 1,000-kilogram lift capacity allows. Firefly will use both its East Coast pad at Wallops, Virginia, and a West Coast site at Vandenberg, California. Kim called it a “landmark agreement” that reflects rising trust from customers in the upgraded Alpha Block II rocket.
FLY Shares Are Dipping
FLY Price Action: Firefly shares were down 3.83% at $23.38 at the time of publication on Tuesday, according to Benzinga Pro.
Image: T. Schneider/Shutterstock
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