Voyager (VOYG) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 7, 2026 astatine 9:12 AM CDT 39 min read

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DATE

Tuesday, May 5, 2026 astatine 9 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Dylan Taylor

• Chief Financial Officer — Filipe de Sousa

Full Conference Call Transcript

Dylan Taylor: Thank you, Adi, and bully morning, everyone. Voyager had an outstanding archetypal 4th with grounds backlog, a book-to-bill ratio of 1.3 and important traction connected caller contracts, including Golden Dome. First 4th bookings of $45 cardinal drove our backlog to a caller grounds of $275 million, up 54% year-over-year. The backlog maturation reflects broad-based request and aggregate awards crossed the Golden Dome architecture, further enactment connected next-generation interceptor and arsenic importantly, we were awarded a declaration with Raytheon to make precocious technologies for their modular rocket interceptor program, a large triumph for us. Further, bookings momentum continues into the aboriginal portion of the 2nd quarter, reinforcing our assurance successful near-term gross conversion.

And consequently, we are expanding our 2026 gross guidance to $230 cardinal to $255 million, a important acceleration comparative to past year. Voyager's high-growth level is built to standard alongside lawsuit request successful the astir captious defense, nationalist information and abstraction programs. Our quality to deploy differentiated capabilities crossed analyzable architectures, whether arsenic a premier oregon a cardinal exertion partner, powerfully positions america to enactment crossed aggregate programs arsenic they determination from improvement into production. That positioning is reflected successful our archetypal 4th performance, including beardown bookings, grounds backlog and improving visibility into the gross conversion, which underpins our assurance successful raising our afloat twelvemonth guidance.

With that context, fto maine crook to Slide 4 and locomotion done however we are scaling capableness and infrastructure to enactment execution arsenic request accelerates. As our request scales, execution depends connected capacity. And successful enactment with our guidance past quarter, we person continued to put successful the infrastructure and accumulation capableness required to present astatine velocity and astatine scale. In January, we broke crushed connected a large enlargement of the Voyager American Defense Complex successful Southern Colorado. The installation is designed for high-volume manufacturing, operations and testing, supporting the accumulation of precocious military-grade components, propulsion systems, including our proprietary controllable exertion and energetics.

In March, we extended our capableness build-out of precocious electronics, ngo hardware and bundle with the motorboat of our Space Beach installation successful Long Beach, California. This installation is strategically located adjacent to our customers and expands our quality to present integrated mission-critical solutions crossed nationalist security, civilian and commercialized abstraction programs, portion astatine the aforesaid clip improving throughput and delivering timing arsenic programs modulation into higher complaint production, enabling the conversion of backlog into revenue. Turning to Slide 5. Innovation remains cardinal to our strategy, and our investments are focused connected differentiated technologies that code existent operational needs and tin standard crossed aggregate markets.