Redwire (NYSE:RDW) misses Q3 2026 revenue estimates

What happened

Redwire reported Q3 2026 revenue of $109 million, up 5.4% from a year earlier but below analysts’ $126.6 million estimate. It reconfirmed full-year revenue guidance of $475 million at the midpoint. Its adjusted loss was $0.06 per share, while free cash flow was negative $66.35 million.

Confirmed

Global impact / market context

Revenue growth and a larger backlog suggest demand is continuing, but the revenue shortfall and worsening cash outflow point to pressure in converting sales into cash. If that continues, Redwire may have less cash available to fund operations and growth without additional financing.

Analyst inference

The company’s full-year revenue midpoint remains close to analysts’ consensus, which may temper concern about the quarterly miss. However, its adjusted EBITDA margin, meaning profit or loss from core operations as a share of revenue, declined year over year, pointing to pressure on operating costs relative to sales.

Analyst inference

What to watch

1. Check whether later quarterly revenue supports the $475 million full-year midpoint; weaker sales could make that guidance harder to meet. Analyst inference
2. Watch free cash flow, meaning cash remaining after operating and investment spending, to see whether its negative $66.35 million improves or worsens. Analyst inference
3. Track whether backlog converts into reported revenue and whether the company’s negative adjusted EBITDA improves, as these show demand turning into operating performance. Analyst inference

Evidence

• stockstory.org