2 hours ago
3
David Moadel
Fri, May 15, 2026 astatine 11:04 AM CDT 3 min read
Quick Read
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Intuitive Machines (LUNR) posted Q1 FY2026 gross of $186.73M (up 199% year-over-year) and swung to affirmative adjusted EBITDA of $2.67M, prompting Canaccord to rise its terms people to $41 from $24.
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Canaccord’s upgrade reflects assurance successful Intuitive Machines’ modulation from lunar specializer to multi-domain abstraction prime, driven by the NASA Andromeda satellite basal inaugural and Golden Dome rocket defence program, which transportation a combined $6.2B ceiling value.
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A large expert conscionable made the bull lawsuit for Intuitive Machines (NASDAQ:LUNR). On May 15, Canaccord raised its terms people connected LUNR to $41 from $24 portion keeping a Buy rating. The steadfast cited a bottom-line inflection successful the latest 4th and 2 authorities catalysts: NASA's lunar "moon base" inaugural (Andromeda) and the Golden Dome rocket defence program.
For semipermanent investors, the revised outlook signals that Canaccord sees a clearer way to sustained profitability, adjacent arsenic gross timing remains lumpy. The firm's $41 people reflects assurance successful some near-term execution and longer-dated authorities declaration awards.
| LUNR | Intuitive Machines | Canaccord Genuity | Price people raised | Buy | Buy | $24 | $41 |
The Analyst's Case
Canaccord's thesis rests connected 2 pillars. First, Intuitive Machines' bottommost enactment inflected affirmative during the quarter, beating the firm's estimation by 128%, adjacent arsenic the apical enactment missed expectations by 18%. Adjusted EBITDA swung to affirmative $2.67 cardinal from a nonaccomplishment successful the anterior year.
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Second, Canaccord expects the NASA satellite basal (Andromeda) and Golden Dome programs to thrust enlargement successful the 2nd fractional of the year. The U.S. Space Force Andromeda IDIQ unsocial carries an anticipated ceiling worth of $6.2 billion, dwarfing Intuitive Machines' existent gross base.
Company Snapshot
Intuitive Machines is simply a Houston-based aerospace premier contractor cardinal to NASA's Artemis program. Q1 FY2026 gross reached $186.73 million, up 199% twelvemonth implicit year, propelled by the $800 cardinal Lanteris Space Systems acquisition closed January 13.
Intuitive Machines' backlog deed a grounds $1.06 billion, with $428.9 cardinal successful caller declaration awards during the quarter. CEO Steve Altemus asserted, "Intuitive Machines continues to execute, grow, and triumph caller concern astatine grounds pace."
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