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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Suji Desilva | ROTH Capital Partners | 13 questions · 0% challenging |
| Andres Sheppard | Cantor Fitzgerald | 10 questions · 0% challenging |
| Edison Yu | Deutsche Bank | 10 questions · 0% challenging |
| Austin Moeller | Canaccord Genuity | 10 questions · 10% challenging |
| Greg Pendy | Clear Street | 9 questions · 11% challenging |
| Griffin Boss | B. Riley Securities | 8 questions · 13% challenging |
| Jonathan Siegmann | Stifel | 8 questions · 13% challenging |
| Jeff Van Rhee | Craig-Hallum | 7 questions · 0% challenging |
| Alex Preston | Bank of America | 7 questions · 0% challenging |
| Josh Sullivan | JonesTrading | 6 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| ROTH Capital Partners | 1 analyst | 13 questions · 0% challenging |
| Deutsche Bank | 1 analyst | 10 questions · 0% challenging |
| Canaccord Genuity | 1 analyst | 10 questions · 10% challenging |
| Cantor Fitzgerald | 1 analyst | 10 questions · 0% challenging |
| Bank of America | 2 analysts | 10 questions · 10% challenging |
| B. Riley Securities | 2 analysts | 9 questions · 11% challenging |
| Clear Street | 1 analyst | 9 questions · 11% challenging |
| Stifel | 2 analysts | 9 questions · 11% challenging |
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Intuitive Machines reported record first-quarter revenue of $186.7 million, roughly 3x the prior-year quarter, though the increase was driven almost entirely by the January 2026 Lanteris acquisition rather than organic growth. Gross profit expanded to $30.1 million from $6.7 million and the company posted its first positive adjusted EBITDA of $2.7 million, but the GAAP operating loss widened to $39.2 million from $10.1 million on $20 million of acquisition costs, and free cash flow was negative $64.6 million. The quarter's momentum showed up in a record $1.1 billion backlog and more than $400 million of new bookings, anchored by the Space Force's Andromeda IDIQ with an anticipated ceiling of $6.24 billion, SDA Tranche 3 and a fifth CLPS lunar mission, plus a pending Goonhilly and COMSAT ground-station acquisition. Management maintained its full-year revenue outlook of $900 million to $1 billion and reiterated positive full-year adjusted EBITDA, leaving a story of strong strategic positioning against a still deeply unprofitable, cash-consuming base.
Calendar quarter Q1 2026Earnings call May 14, 2026
FY2026 Q1 in brief
Intuitive Machines reported record first-quarter revenue of $186.7 million, roughly 3x the prior-year quarter, though the increase was driven almost entirely by the January 2026 Lanteris acquisition rather than organic growth.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for Intuitive Machines, Inc. (LUNR), FY2026 Q1: 3/10. Scores: Intuitive Machines, Inc.’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: LUNR daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
Competitive Dynamics | M&A | Demand | Revenue Growth | Innovation & R&D | Product Launch | Regulation Policy | Guidance Reliability | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 1 | 2 | 4 | 4 | 1 | 4 | ||
| 2025Q1 | 2 | 1 | 2 | 1 | 1 | 2 | 1 | |
| 2025Q2 | 5 | 2 | 2 | 2 | 2 | 1 | 1 | |
| 2025Q3 | 8 | 4 | 5 | 4 | 3 | 2 | 2 | |
| 2025Q4 | 4 | 4 | 7 | 3 | 2 | 2 | 1 | |
| 2026Q1 | 6 | 8 | 4 | 4 | 3 | 4 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Competitive Dynamics | 2 | 5 | 8 | 4 | 6 | |
| M&A | 1 | 1 | 2 | 4 | 4 | 8 |
| Demand | 2 | 5 | 7 | 4 | ||
| Revenue Growth | 2 | 2 | 2 | 4 | 3 | 4 |
| Innovation & R&D | 4 | 1 | 2 | 3 | 2 | 3 |
| Product Launch | 4 | 1 | 2 | 4 | ||
| Regulation Policy | 1 | 2 | 1 | 2 | 2 | |
| Guidance Reliability | 4 | 1 | 1 | 1 |
GAAP revenue YoY +198.7% → base 3. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $55M | +78.7% | — | — | -24.5% | -272.9% | $-7M |
| FY2025 Q1 | $63M | -14.6% | $-0.11 | +95.9% | -16.1% | -18.2% | $13M |
| FY2025 Q2 | $50M | +20.8% | $-0.22 | -173.3% | -56.9% | -50.0% | $-27M |
| FY2025 Q3 | $52M | -10.3% | $-0.06 | +92.8% | -29.4% | -13.0% | $-19M |
| FY2025 Q4 | $45M | -18.1% | — | — | -73.9% | -89.0% | $-23M |
| FY2026 Q1Selected | $187M | +198.7% | $-0.25 | -127.3% | -21.0% | -20.0% | $-65M |
| FY2026 Q2 | $206M | +309.8% | $-0.29 | -31.8% | -22.9% | -22.5% | $-81M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What LUNR said about other companies on its FY2026 Q1 call, and what other companies said about LUNR on their calls covering the same calendar quarter (Q1 2026). Each company's own fiscal quarter is shown next to its name. Extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Airborne Systems was awarded a multimillion-dollar contract for Intuitive Machines for a reusable re-entry parachute system.”
TransDigm's Airborne Systems won a multimillion-dollar contract to supply a reusable re-entry parachute system for Intuitive Machines' Zephyr in-orbit manufacturing satellite.
“Today, we are also pleased to announce the signing of a definitive agreement for the purchase of Goonhilly Earth Station and its subsidiary in the U.S. COMSAT.”
Intuitive Machines signed a definitive agreement to acquire Goonhilly Earth Station and its U.S. subsidiary COMSAT (expected to close in Q3), expanding its global ground-segment network; both private (untracked).
“$403 million of the cash was used in the quarter for the acquisition of Lanteris, along with additional post-close reconciliations that aligned with the $450 million cash position of the purchase price.”
Intuitive Machines closed the Lanteris (formerly Maxar Space & Intelligence) acquisition on January 13, 2026 for roughly $450 million, tripling revenue; Lanteris is private (untracked).
“SiriusXM-11 is complete and ready for transportation to the launch site”
Intuitive Machines completed the SiriusXM-11 satellite, ready for transport to the launch site, a positive delivery signal for SiriusXM (untracked).
“EchoStar XXV on-orbit testing was successfully completed with expected handoffs to the customer by the end of the month.”
Intuitive Machines completed on-orbit testing of the EchoStar XXV satellite it built, with handoff to EchoStar expected by month-end, a positive delivery signal for EchoStar.
“This is, again, all the great work that we've done together between Intuitive Machines or Lanteris and L3Harris. This is a continuation of that relationship and extending that relationship even further.”
Altemus described the AMDT3 tracking-satellite opportunity as a continuation and extension of the Intuitive Machines/Lanteris-L3Harris relationship, positive for L3Harris.
“Those bookings were led by the Space Development Agency Tranche 3 Tracking Layer award with L3Harris as well as our fifth CLPS lunar surface delivery mission.”
Intuitive Machines won the Space Development Agency Tranche 3 Tracking Layer award in partnership with L3Harris, a positive booking signal for the L3Harris-led program.
| Company | Score | Trend | Rev YoY | Headline |
|---|---|---|---|---|
| LUNRIntuitive Machines, Inc. | 3 | +198.7% | Intuitive Machines reported record first-quarter revenue of $186.7 million, roughly 3x the prior-year quarter, though the increase was driven almost entirely by the January 2026 Lanteris acquisition rather than organic growth | |
| ACHRArcher Aviation Inc. | 5 | n/a | Archer Aviation, a pre-commercial eVTOL developer, remained pre-revenue and deeply loss-making in Q1 (GAAP EPS of -$0.28) while emphasizing execution across its civil, defense and software lines | |
| AXONAxon Enterprise Inc. | 10 | +33.8% | AI Era Plan Driving Explosive Adoption | |
| BAThe Boeing Company | 7 | +14.0% | 737 production stabilized at 42/month, rate 47 this summer | |
| GDGeneral Dynamics | 8 | +10.3% | Strong Revenue Growth Across All Segments | |
| GEGE Aerospace | 7 | +24.7% | Exceptional Commercial Services Growth | |
| HIIHuntington Ingalls Industries | 6 | +13.3% | Strong Shipbuilding Revenue Growth Continues at 18% | |
| HWMHowmet Aerospace | 9 | +19.1% | Record Q1 Revenue Up 19% with 32% EBITDA Margin | |
| LHXL3Harris | 8 | +11.9% | Revenue surged to $5.7 billion with 15% organic growth and broad-based strength across all segments, while GAAP EPS of $2.72 rose 33% year-over-year | |
| LMTLockheed Martin | 4 | +0.3% | Munitions Production Ramp Accelerates | |
| NOCNorthrop Grumman | 6 | +4.4% | B-21 Production Rate Acceleration | |
| RKLBRocket Lab USA, Inc. | 8 | +63.5% | Rocket Lab delivered its strongest first quarter ever, with record revenue of $200.3 million, up 63.5% year-over-year and just above the high end of guidance, led by Space Systems at $136.7 million (up 57.2%) | |
| RTXRTX Corporation | 9 | +8.7% | Strong Organic Growth Across All Three Channels | |
| SPCXSpace Exploration Technologies Corp. | Has not reported Q1 2026 | n/a | Has not reported Q1 2026 | |
| TDGTransDigm Group | 10 | +18.3% | TransDigm delivered a beat-and-raise second quarter, with GAAP revenue up roughly 18% year over year (organic growth of approximately 11%) as all three channels grew: commercial aftermarket rose about 14%, commercial OEM about 12%, and defense about 11% | |
| TXTTextron | 7 | +11.8% | Industrial Separation Announced to Create Pure-Play A&D |
Intuitive Machines reported record first-quarter revenue of $186.7 million, roughly 3x the prior-year quarter, though the increase was driven almost entirely by the January 2026 Lanteris acquisition rather than organic growth
Archer Aviation, a pre-commercial eVTOL developer, remained pre-revenue and deeply loss-making in Q1 (GAAP EPS of -$0.28) while emphasizing execution across its civil, defense and software lines
| Company | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|---|---|
| LUNR | 8 | 3 | 5 | 2 | 3 | 3 |
| ACHR | 5 | 5 | 5 | 5 | 5 | 5 |
| AXON | 8 | 8 | 8 | 8 | 10 | 10 |
| BA | 2 | 8 | 8 | 8 | 9 | 7 |
| GD | 8 | 8 | 8 | 8 | 6 | 8 |
| GE | 6 | 8 | 9 | 9 | 9 | 7 |
| HII | 3 | 5 | 7 | 9 | 9 | 6 |
| HWM | 9 | 9 | 9 | 9 | 9 | 9 |
| LHX | 8 | 5 | 7 | 8 | 7 | 8 |
| LMT | 6 | 7 | 6 | 8 | 7 | 4 |
| NOC | 6 | 1 | 7 | 8 | 9 | 6 |
| RKLB | 8 | 8 | 8 | 8 | 8 | 8 |
| RTX | 9 | 6 | 5 | 9 | 7 | 9 |
| SPCX | No score | No score | No score | No score |
737 production stabilized at 42/month, rate 47 this summer
Strong Shipbuilding Revenue Growth Continues at 18%
Revenue surged to $5.7 billion with 15% organic growth and broad-based strength across all segments, while GAAP EPS of $2.72 rose 33% year-over-year
Rocket Lab delivered its strongest first quarter ever, with record revenue of $200.3 million, up 63.5% year-over-year and just above the high end of guidance, led by Space Systems at $136.7 million (up 57.2%)
Has not reported Q1 2026
TransDigm delivered a beat-and-raise second quarter, with GAAP revenue up roughly 18% year over year (organic growth of approximately 11%) as all three channels grew: commercial aftermarket rose about 14%, commercial OEM about 12%, and defense about 11%
| No score |
| No score |
| TDG | 9 | 7 | 8 | 9 | 7 | 10 |
|---|
| TXT | 3 | 5 | 5 | 7 | 9 | 7 |
|---|