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HomeEarnings AnalysisIndustrial SummaryBlackSky Technology Inc. delivered strong 2Q26 results, with revenue up 50% YoY to $33.3 million, driven by Gen-3 subscription adoption.Gen-3 constellation is now a genuine revenue and earnings engine, producing a $100 million annualized run rate for high-margin imagery and AI services.Adjusted EBITDA reached $4.7 million (14.2% margin), with flat operating expenses despite higher revenue, signaling meaningful operating leverage as Gen-3 scales.I remain buy-rated on BKSY, seeing accelerating recurring revenue, expanding margins, and multiple growth vectors supporting significant upside as the business scales. PJPhoto69/iStock via Getty Images
Thesis We have just seen BlackSky Technology Inc. (BKSY) deliver on earnings. This call was pretty important since it reinforced my view and a good deal of the market's that the Gen-3
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