Key TakeawaysQ2 revenue reached $117.1 million, representing an 89.6% year-over-year increase and surpassing analyst projections of approximately $107-108 millionEarnings per share loss of $0.09-$0.19 outperformed analyst expectations of a $0.15-$0.16 lossCompany’s contracted backlog reached an all-time high of $542.1 million, marking a 64.5% increase from the prior yearCantor Fitzgerald upgraded its price target to $13.50 from $9.00 while keeping an Overweight ratingManagement confirmed 2026 full-year revenue outlook remains between $450 million and $500 millionShares of Redwire (RDW) surged over 13% during Thursday’s morning session, reaching $12.19, following the space infrastructure company’s impressive second-quarter financial report released after market close on Wednesday.Redwire Corp, RDWThe company delivered second-quarter revenue of $117.1 million, representing an 89.6% jump from the same period last year. This performance exceeded the Street’s consensus forecast of approximately $107 to $108 million by nearly 8.7%.Looking at profitability metrics, the company posted a per-share loss ranging from $0.09 to $0.19. Wall Street analysts had anticipated a loss of roughly $0.15 to $0.16. This represented meaningful improvement compared to the $0.40 per-share loss recorded during Q1 2026.Q2 Earnings Results Redwire Achieves Record Revenue, Gross Margins, and Contracted Backlog. 89.6% revenue growth YOY Record $542.1M backlog $607.8M in total liquidity Announced SpaceMD first commercial mission with @SpaceX Starfall, expanding commercial… pic.twitter.com/sDrEOKIdYs— Redwire (@Redwire) August 6, 2026The reporting period established new company records for both top-line results and gross margin performance. The gross margin metric reached positive territory at 27.8%, representing a significant improvement from earlier quarters.Chief Executive Peter Cannito highlighted the operational achievements underlying these financial results. “With new record highs for both revenue of $117.1 million and gross margin of 27.8%, Redwire’s second quarter of 2026 was defined by successful execution,” he stated.Chief Financial Officer Chris Edmunds emphasized that the company’s first-half revenue total of $214.0 million provides substantial clarity for performance expectations during the remainder of the year.Historic Backlog Demonstrates Robust PipelineThe company’s contracted backlog surged to an unprecedented $542.1 million, representing a 64.5% year-over-year expansion. The book-to-bill ratio for the quarter registered at 1.42, while the trailing twelve-month figure stood at 1.52.When a book-to-bill ratio exceeds 1.0, it indicates the company is securing more new contracts than it converts into recognized revenue, suggesting robust demand that outpaces current production capacity.Redwire also maintained its full-year 2026 revenue projection of $450 million to $500 million, providing shareholders with consistent expectations for the remainder of the fiscal year.Analysts Boost OutlookCantor Fitzgerald’s Colin Canfield kept his Overweight rating on RDW shares while significantly increasing his price objective from $9.00 to $13.50.Jefferies had previously elevated its price target from $13 to $24 in June, although the firm simultaneously adjusted its recommendation to Hold.The general equity markets offered minimal support for the rally. The S&P 500 inched higher by 0.1%, the Dow Jones gained 0.2%, while the Nasdaq slipped 0.6% during pre-market hours. The RDW movement was purely company-specific.Thursday’s appreciation pushed shares further above recent lows, although the stock continues trading considerably below its 52-week peak of $26.64.Company leadership scheduled an earnings discussion call for 9 a.m. ET on August 6 to provide additional commentary on quarterly performance and future prospects.RDW shares were trading 13.71% higher at $12.19 at publication time on Thursday.The post Redwire (RDW) Stock Soars 14% Following Impressive Q2 Results and Historic Backlog appeared first on Blockonomi.