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HERNDON, Va.--(BUSINESS WIRE)---- $BKSY #earnings--BlackSky Technology Inc. (NYSE: BKSY) will host a live webcast and conference call to discuss second quarter 2026 financial results and its business outlook on Thursday, August 6, 2026, at 8:30 a.m. EDT. A press release with BlackSky's financial results will be released in advance of the conference call that same day. To access the live webcast, please click here or visit the company's investor relations website at http://ir.blacksky.com and then select “News &amp.

Key Takeaways BlackSky and Intuitive Machines are gaining from space growth, defense demand and infrastructure spending.BlackSky's 2026 sales and EPS estimates imply 30.7% and 21.3% growth, with 2027 EPS views rising.Intuitive Machines has a lower forward price/sales ratio, but BlackSky has stronger recent share gains. Growing investments in the space industry, rising demand for satellite-based intelligence and increasing government spending on defense and space exploration continue to support the sector's long-term growth. Strong backing from NASA, the U.S. Department of Defense and commercial customers has also increased investor interest in companies like Intuitive Machines (LUNR - Free Report) and BlackSky Technology (BKSY - Free Report) .

Intuitive Machines focuses on lunar exploration and space transportation, offering lunar landers, communications infrastructure and other technologies that support NASA and commercial lunar missions. On the other hand, BlackSky specializes in real-time geospatial intelligence, providing high-frequency satellite imagery and AI-powered analytics to government and commercial customers worldwide.

As the space economy continues to expand through higher satellite activity, growing defense requirements and increased investment in space infrastructure, both LUNR and BKSY have attracted investor attention. This raises an important question: which stock currently offers the better investment opportunity?

Tailwinds for LUNRIntuitive Machines is benefiting from rising demand for lunar missions and space infrastructure, supported by increasing government and commercial investments in Moon exploration. The company is also strengthening its long-term growth prospects through strategic acquisitions and new contract opportunities.

In May 2026, Intuitive Machines announced an agreement to acquire Goonhilly Earth Station Ltd. and Goonhilly USA Inc. This acquisition is expected to enhance the company's communications network by expanding ground-station capabilities and improving connectivity between spacecraft and Earth. It should also strengthen Intuitive Machines' ability to support civil, defense and commercial customers involved in lunar and deep-space missions.

With expanding capabilities and a growing presence in major lunar programs, Intuitive Machines remains well-positioned to capitalize on the long-term growth opportunities emerging across the space industry.

Tailwinds for BKSYBKSY is benefiting from rising demand for space-based intelligence, supported by higher defense spending and the increasing need for real-time Earth observation and space domain awareness. The company is strengthening its growth prospects through new government contracts and continued investments in advanced satellite technologies.

In June 2026, BKSY received a contract modification from the National Reconnaissance Office (NRO), increasing the total value of its AROS satellite program to more than $150 million. The funding will accelerate the development of its next-generation Earth observation satellites, with a flight-ready system expected in 2028.

Moreover, in May 2026, BKSY secured a multi-year contract worth more than $1 million to advance automated non-Earth imagery services, supporting the development of next-generation imaging payloads and mission-planning software.

With growing government support and expanding satellite capabilities, BKSY remains well-positioned to benefit from long-term opportunities in the defense and space markets.

How Does the Zacks Consensus Estimate Compare for LUNR & BKSY?The Zacks Consensus Estimate for LUNR’s 2026 sales implies a year-over-year improvement of 340.1%, while that for earnings per share (EPS) suggests a 2.4% decline. The stock’s 2026 and 2027 EPS estimates have moved south over the past 60 days.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for BKSY’s 2026 sales and EPS implies an improvement of 30.7% and 21.3%, respectively, from the year-ago quarter’s reported figures. BKSY’s 2027 EPS estimates have moved north over the past 60 days.

Image Source: Zacks Investment Research

Stock Price Performance: LUNR vs. BKSYIn the past six months, BKSY has outperformed LUNR. While BKSY’s shares surged 28.2%, LUNR rose 24.2%.

Image Source: Zacks Investment Research

LUNR’s Valuation More Attractive Than BKSYBKSY is trading at a premium, with its forward 12-month price/sales of 5.53X being more than LUNR’s forward price/sales of 4.34X.

Image Source: Zacks Investment Research

Surprise HistoryBKSY delivered an average negative earnings surprise of 24.58% in the last four quarters, while LUNR delivered an average negative earnings surprise of 72.62% in the last four quarters.

Final CallBoth Intuitive Machines and BlackSky are benefiting from favorable long-term trends in the space industry, supported by rising government spending, increasing defense demand and growing investments in space infrastructure. While Intuitive Machines is expanding its lunar exploration and communications capabilities, BlackSky continues to strengthen its position in real-time geospatial intelligence through new government contracts and next-generation satellite technologies.

However, BlackSky appears to have the edge at present. The company is delivering positive earnings estimate revisions, stronger earnings growth and better stock price performance, although it trades at a higher valuation than Intuitive Machines. Considering these factors, BlackSky currently looks like the more attractive investment opportunity.

At present, BKSY carries a Zacks Rank #3 (Hold), while LUNR carries a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.

BlackSky (BKSY 3.79%) is trying to move beyond satellite imagery and build a recurring AI-powered intelligence business. The opportunity is compelling because government customers increasingly want answers, not raw data. But with the stock already pricing in a lot of future success, investors need to weigh the upside against dilution, losses, and execution risk.

Stock prices used were the market prices of June 2, 2026. The video was published on June 14, 2026.

Rick Orford has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends BlackSky Technology. The Motley Fool has a disclosure policy. Rick Orford is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

BlackSky Technology Inc. (BKSY - Free Report) came out with a quarterly loss of $0.82 per share versus the Zacks Consensus Estimate of a loss of $0.37. This compares to a loss of $0.42 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -120.13%. A quarter ago, it was expected that this company would post a loss of $0.25 per share when it actually produced a loss of $0.19, delivering a surprise of +24%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

BlackSky Technology, which belongs to the Zacks Technology Services industry, posted revenues of $20.77 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 26.66%. This compares to year-ago revenues of $29.54 million. The company has not been able to beat consensus revenue estimates over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

BlackSky Technology shares have added about 116.1% since the beginning of the year versus the S&P 500's gain of 7.6%.

What's Next for BlackSky Technology?While BlackSky Technology has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for BlackSky Technology was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.38 on $30.65 million in revenues for the coming quarter and -$1.33 on $133.86 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, QXO, Inc. (QXO - Free Report) , has yet to report results for the quarter ended March 2026.

This company is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents a year-over-year change of -200%. The consensus EPS estimate for the quarter has been revised 14.7% higher over the last 30 days to the current level.

QXO, Inc.'s revenues are expected to be $1.72 billion, up 12622.1% from the year-ago quarter.

Dallas, Texas--(Newsfile Corp. - May 7, 2026) - BlackSky Technology, Inc. (NYSE: BKSY): Stonegate Capital Partners Updates Coverage on BlackSky Technology, Inc. (NYSE: BKSY). BKSY's 1Q26 marked a clearer Gen-3 commercialization inflection, with accelerating sovereign contract adoption, improving in-year revenue visibility, and management raising FY26 revenue and adj.

Space stocks were in focus this week as earnings reports highlighted surging defense demand, growing satellite and launch backlogs,and continued investment in next-generation space infrastructure. 

While several companies posted record revenue or raised guidance, losses remained a theme across the sector as firms scale production and chase defense and national security opportunities.

RKLB stock is soaring. See the chart and price action here.  Voyager TechnologiesCEO Dylan Taylor called 2025 "a transformational year," saying demand across "defense, national security and space continues to accelerate." 

He added that Voyager is entering 2026 "from a position of strength," focused on converting demand into "sustained revenue growth and long-term shareholder value."

CEO Jason Kim said "momentum defined Firefly's first quarter," citing Golden Dome work, Blue Ghost milestones, Alpha Flight 7 and a U.S. Space Force demonstration. 

Kim said the company remains focused on scaling production for "frequent landings on the Moon, a regular launch cadence, and critical national security missions."

RedwireCEO Peter Cannito said "very strong demand" and wins including the $1.8 billion Andromeda IDIQ show Redwire has "many pathways to success." 

CFO Chris Edmunds pointed to gross margin improvement to 26.6% and said Redwire is reaffirming 2026 revenue guidance of $450 million to $500 million.

Rocket LabRocket Lab Corp. (NASDAQ:RKLB) delivered record Q1 revenue of $200.3 million, up 63.5% year over year, and backlog of more than $2.2 billion. 

Founder and CEO Peter Beck said, "With revenue, we topped $200 million in the quarter for the first time," and called gross margins "excellent" at 38.2% GAAP and 43% non-GAAP.  Rocket Lab guided Q2 revenue to $225 million to $240 million.

RKLB shares were up 25% on Friday, according to Benzinga Pro data. 

BlackSkyBlackSky Technology Inc. (NYSE:BKSY) reported Q1 revenue of $20.8 million. That’s down from $29.5 million a year earlier. However, the company raised full-year revenue guidance to $130 million to $150 million. 

CEO Brian O'Toole said BlackSky is "rapidly growing revenues driven by the demand for Gen-3 space-based intelligence and AI services" after winning up to $160 million in new contracts. 

He said the company is raising guidance on "strong year-to-date sales performance" and "accelerated demand" in its pipeline.

Coming Next WeekPhoto: Shutterstock

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RH (NYSE:RH) Announces Earnings ResultsRH (NYSE:RH - Get Free Report) released its quarterly earnings results on Thursday. The company reported ($1.97) earnings per share for the quarter, beating analysts' consensus estimates of ($2.07) by $0.10. The company had revenue of $800.33 million for the quarter, compared to analysts' expectations of $792.55 million. RH had a negative return on equity of 567.82% and a net margin of 3.63%.

NYSE:RH

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Stock Traders Purchase High Volume of Sirius XM Call Options (NASDAQ:SIRI)MarketBeat

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NASDAQ:SIRI

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After suffering a significant drop in late 2021 and spending years without a breakout, the stock of the geospatial intelligence services and Earth observation satellite company BlackSky Technology (NYSE: BKSY) saw significant success in the last 12 months.

Specifically, after spending multiple years below the $10 mark, the shares of the ‘UFO company’ broke out and rallied 253% between May 12, 2025, and the same date in 2026. A deluge of contracts secured year-to-date (YTD) reinforced the surge, and BlackSky stock is up 117% to $40.68 since January 2: the first regular trading session of the year.

BlackSky stock price 12-month chart. Source: Finbold The shift in the equity market fortunes also translated into strong business results, with the satellite company revealing particularly strong results in its most recent quarterly filing – covering the first quarter (Q1) of 2026 – and led to significant guidance upgrades.

Here’s why BlackSky stock soared 117% in 2026 Indeed, BlackSky revealed approximately $160 million in various contracts and a likely $90 million contract with the U.S. Air Force (USAF), while reporting $20.8 millon in revenue for Q1. 

Furthermore, Chief Executive Officer (CEO) Brian O’Toole explained that the company is ‘off to a strong start to 2026,’ before adding that ‘demand for our Gen-3 capabilities has never been stronger.’

BlackSky also revised its whole-year 2026 revenue guidance to a range of $130 million to $150 – up from the previous $120-145 million – implying an overall 12-month growth of 30%. 

The company’s integration of artificial intelligence (AI) technology and the deployment of its third-generation satellites were particularly highlighted as related services enjoyed both a 14% rise compared to the previous quarter and are expected to grow 50% in 2026.

BlackSky’s capability to deploy Gen3 satellites was also increased in 2026 with a partnership with Rocket Lab (NASDAQ: RKLB) announced late in February.

What is next for the BlackSky ‘UFO stock’ Looking ahead, BKSY stock appears to benefit from a particularly strong setup for a continued rally.

Along with the contracts and optimistic guidance, BlackSky equity remains substantially below the psychological barrier presented by its all-time highs (ATH), as, in 2021, it was changing hands above $90.

Technical analysis (TA) also paints a bullish picture with both the moving averages (MA) and oscillators showing BKSY as a ‘Buy,’ for an overall rating of ‘Strong Buy,’ on the stock analysis platform TradingView.

BlackSky stock technical analysis. Source: TradingView Lastly, the ‘UFO stock’ boasts confidence from Wall Street, though the mismatch between the overall ‘Strong Buy’ rating, underscored by a complete absence of ‘Sell’ recommendations, and the average price target $36.61 – 11.52% below the press time price – demonstrates there have been few recent revisions issued by institutional analysts.

Featured image via Shutterstock

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Key Takeaways Planet Labs logged $900M backlog in fiscal 2026, up 79% Y/Y, and hit adjusted EBITDA profitability.PL guides fiscal 2027 revenue of $415M-$440M, with gross margin of 50%-52%, despite losses.BKSY's Gen-3 satellites deliver 35-cm imagery; pilot programs are converting into recurring subscriptions. Artificial Intelligence (AI) is reshaping the software landscape, redefining categories and competitive dynamics. Per The Business Research Company, the AI software market is projected to grow to $995.45 billion by 2030 at a compound annual growth rate (CAGR) of 26.7%. With increased adoption and integration of AI into core operations to control costs and improve customer experience, the market is expected to grow exponentially. Per Global Market Insights, the Satellite Imaging market is estimated to grow 11% between 2024 and 2032, driven by increasing use of satellite imaging in defense and security applications, rising demand for environmental monitoring and developments in satellite technology.

In this context, Planet Labs (PL - Free Report) and BlackSky Technology (BKSY - Free Report) are worth mentioning as both deploy AI into their core functions. Planet Labs is a leading provider of Earth-imaging data and geospatial analytics, operating the largest fleet of Earth-observation satellites globally.  BlackSky Technology is a space-based technology company that delivers real-time imagery, analytics and high-frequency monitoring of the world’s most critical and strategic locations, economic assets and events. Let's discuss in detail.

The Case for Planet LabsPlanet Labs generates most of its revenue through fixed-price subscription agreements and usage-based contracts, delivering satellite imagery and geospatial analytics via its cloud-based platform to governments and large enterprises. Growth has been supported by the expansion of its subscription model, rising demand from government customers and a strategic move toward higher-value satellite services and AI-driven analytics solutions.

In recent years, the company has prioritized large-scale government and defense contracts, which offer stronger revenue visibility and long-term stability. While government business remains the primary growth driver, management continues to view the commercial market as a significant long-term opportunity. Advancements in AI-powered analytics, initially developed for defense applications, are expected to broaden adoption across industries, including supply chain management, insurance, agriculture, energy, financial services and operational monitoring.

As of fiscal 2026, Planet Labs reported a backlog of approximately $900 million, representing 79% year-over-year growth and supporting expectations for accelerating revenue expansion. The company also achieved adjusted EBITDA profitability for the first time during the year.
For fiscal 2027, management projects revenues between $415 million and $440 million, implying roughly 39% annual growth at the midpoint, with gross margins expected to be between 50% and 52%.

Despite improving fundamentals, Planet Labs remains unprofitable and is not expected to achieve a near-term earnings turnaround. Significant ongoing investments in satellite development, deployment and replacement, combined with elevated R&D and operating expenses, continue to pressure margins. After multiple years of losses, the company is expected to remain in the red through fiscal 2027, while returns on equity and invested capital remain below industry averages.

The company is still in the red, and a rebound is not expected soon.

PL shares have gained 116.3% year to date.

The Case for BlackSkyBlackSky operates a real-time Earth observation platform that integrates its proprietary low-Earth-orbit satellite constellation with AI-powered analytics software, giving the company a differentiated position within the fast-growing defense and intelligence market. The business is well-positioned to benefit from rising global defense spending, scalable subscription-based economics and improving operating leverage.

The company is benefiting from a structural increase in demand for tactical intelligence and persistent monitoring capabilities. Governments and defense agencies increasingly require high-frequency, low-latency satellite imagery for applications such as military surveillance, border security, maritime tracking and battlefield intelligence. BlackSky’s Gen-3 satellites deliver 35-centimeter-resolution imagery with rapid revisit capabilities and AI-enabled analytics, supporting near real-time operational decision-making. Recent contract wins totaling up to $160 million — including a $99 million award from the U.S. Air Force Research Laboratory and a $25 million international defense agreement — reinforce the growing demand for its platform and capabilities.

At the same time, BlackSky is shifting toward a higher-margin recurring revenue model. Management indicated that several Gen-3 pilot programs have already converted into recurring subscription renewals across Asia, Europe and the Americas. This transition is expected to enhance revenue visibility, strengthen customer retention and support continued expansion in gross margins. The company’s increasing mix of high-margin subscription revenue is also driving meaningful improvement in adjusted EBITDA margins.

While BlackSky has not yet reached profitability, management expects revenue growth in excess of 50% in 2026, supported by strong contract momentum and improving demand visibility. The company also anticipates surpassing a $100 million annual revenue run rate while maintaining gross margins of approximately 80%, reflecting the scalability of its software-enabled intelligence platform.

BKSY shares have rallied 143.1% year to date.

Estimates for PL and BKSYThe Zacks Consensus Estimate for PL’s fiscal 2027 revenues implies a year-over-year increase of 39.4%, while the same for earnings per share (EPS) suggests no change year over year. EPS estimates have witnessed no movement in the past 30 days.  

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for BKSY’s 2026 revenues implies a year-over-year rise of 30.6%, and the same for EPS implies a year-over-year increase of 21.3%.  EPS estimates witnessed southbound movement in the past 30 days.

Image Source: Zacks Investment Research

Are PL and BKSY Shares Expensive?PL is trading at a forward sales multiple of 31.38, above its median of 3.66 over the last three years. BKSY’s forward sales multiple sits at 10.55, higher than its median of 2.16 over the last three years.

Image Source: Zacks Investment Research

ConclusionPlanet Labs, a data-driven company focused on Earth-observation imagery and analytics, is poised to grow, given the rising global demand for commercial satellites.

BlackSky’s growing strategic relevance could help it evolve from a niche satellite operator into a critical real-time geospatial intelligence platform. 
Given BKSY’s less expensive valuation and price appreciation, it has an edge over PL.  BKSY carries a Zacks Rank #3 (Hold), while PL carries a Zacks Rank #5 (Strong Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

HERNDON, Va.--(BUSINESS WIRE)---- $BKSY #AI--BlackSky awarded seven-figure, multi-year contract renewal to accelerate the automation of future non-Earth imagery (NEI) services.

The Nasdaq Composite (IXIC) is enjoying a modest gain alongside the S&P 500 Index (SPX) this afternoon, while the Dow Jones Industrial Average (DJI) trades 404 points higher as investors look to close out the week and month on a high note. Each of the indexes have already tapped intraday records, aided by a pullback in crude prices and surge in Big Tech. U.S.-Iran tensions remain intact and investors are looking forward to Trump's decision on another ceasefire extension. Should today's gains hold, the S&P will mark its ninth-straight weekly gain, its longest such win streak since December 2023.

Continue reading for more on today's market, including:

Dell stock breaks out after earnings triple play. Retail favorite slipping despite reporting record revenue. Plus, three more software stocks making plenty of noise this afternoon.

Aerospace name MongoDB Inc (NASDAQ:MDB) was last seen off 4.8% to trade at $310, bucking the software sector surge and brushing off a quarterly beat-and-raise. Analysts and options traders have swarmed MDB in response, with 53,000 contracts across the tape so far, five times the average daily rate. Most popular is the June 330 call, with the expiring weekly 5/29 300-strike put seeing buy-to-open activity. MDB has shed almost 27% in 2026.

ServiceNow Inc (NYSE:NOW), up 14.1% at $124.06 at last check, one of the top names on the New York Stock Exchange (NYSE) as it enjoys a halo lift from hardware peer Dell Technologies (DELL). Now up 17% for the quarter, ServiceNow stock is eyeing its best day since April 2025. 

BlackSky Technology Inc (NYSE:BKSY) is near the bottom of the NYSE, last seen down 9.9% to trade at $46.50, pulling back from its recent run to five-year highs. The ascending 20-day moving average is just below, however, should these losses persist. BKSY has added 140% in 2026 so far.

BlackSky Hits $50: Is Tracking Satellites The Next Big Catalyst?