Revenue compared with $52.4 million a year earlier and topped the $245.9 million expected by analysts polled by FactSet. Intuitive Machines expanded its satellite business with January’s acquisition of manufacturer Lanteris Space Systems. In August, it acquired Goonhilly Earth Station and sister company Comsat, which focus on satellite communications.

The company now forecasts full-year 2026 revenue of $920 million to $950 million, narrowing its previous guidance of $900 million to $1 billion. Wall Street analysts expect $925.8 million. Intuitive Machines reported a loss of $4.02 million, or 2 cents a share, versus a loss of $6.8 million, or 6 cents a share, a year earlier. Analysts had expected a loss of 2 cents a share.

Chief Executive Steve Altemus said the company remains focused on its IM-3 satellite mission and its first Altus-1 lunar satellite as it turns to 2027. Both remain on track for a planned launch in March or April. The stock is down 12% year to date.