Redwire Corp. (RDW), a Jacksonville, Florida-based space infrastructure company that designs and builds satellite components, space systems, and in-space manufacturing technology, saw its stock jump more than 13% on Thursday morning, trading at $12.19, after the company reported a strong second-quarter earnings beat following Wednesday's market close.

Redwire said second-quarter revenue reached $117.1 million, up 89.6% year over year. That figure topped Wall Street's consensus estimate of roughly $107 million to $108 million by nearly 8.7%.

On the bottom line, Redwire reported a loss per share of between $0.09 and $0.19, better than analyst expectations for a loss of about $0.15 to $0.16. The result also marked a sharp improvement from the $0.40 loss per share the company posted in the first quarter of 2026.

A Redwire X post highlighted the company's second-quarter results, including record revenue, gross margins, and contracted backlog. The post also said Redwire recorded 89.6% year-over-year revenue growth, a record $542.1 million backlog, and $607.8 million in total liquidity. It also noted the company's announcement of SpaceMD's first commercial mission with @SpaceX Starfall, expanding its commercial activity.

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, 2026

The quarter also set new records for both revenue and gross margin. Gross margin turned positive at 27.8%, a notable turnaround from prior periods and a milestone for a company in the capital-intensive space sector, where many firms remain in development-stage losses while scaling operations.

CEO Peter Cannito said the results reflected execution across the business. "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 said.

CFO Chris Edmunds said first-half revenue of $214.0 million provided strong visibility into the second half of the year.

Contracted backlog rose to a record $542.1 million, up 64.5% from a year earlier. Redwire said its quarterly book-to-bill ratio was 1.42, while the trailing 12-month ratio was 1.52. A book-to-bill ratio above 1.0 indicates the company booked more new business than it recognized as revenue during the period.

Redwire also reaffirmed its full-year 2026 revenue guidance of $450 million to $500 million.

Wall Street responded positively. Cantor Fitzgerald analyst Colin Canfield maintained an Overweight rating on RDW and raised his price target from $9.00 to $13.50. Jefferies had previously raised its price target from $13 to $24 in June, while moving to a Hold rating.

Broader markets offered little support. The S&P 500 rose 0.1%, the Dow gained 0.2%, and the Nasdaq fell 0.6% in pre-market trading. RDW's move was driven by the company's earnings report.

The stock's Thursday advance pushed it further above recent lows, though it remained well below its 52-week high of $26.64. An earnings conference call with management was scheduled for 9 a.m. ET on August 6 to discuss the results and the company's outlook. At the time of publication, RDW was up 13.71% at $12.19.