S&P 5007,675.92▼0.4% Nasdaq26,749.30▼0.7% Dow51,245.74▼0.5% Russell 2K2,826.40▼0.4% 10-Yr5.12%+1bp VIX15.69+0.51 WTI$95.27▲3.4% Gold$4,292.50▼0.6% EUR/USD1.138▼0.6% BTC$84,310▼0.1% Nikkei65,514▲0.8%
At close · Thu, Sep 24, 2026
Daily Market Updates.

Earnings

Home›Earnings›Results›BlackSky posts 50% year-over-year Q2 revenue growth an…

BlackSky posts 50% year-over-year Q2 revenue growth and $100M run rate

Management attributed the growth to Gen-3 imagery scaling and said international subscription revenue grew 150% year over year to make up more than 80% of funded backlog.

BlackSky Technology reported a major inflection in Q2 2026, with revenue up 50% year over year as it scaled Gen-3 imagery services and generated record space-based intelligence revenue, according to a Yahoo Finance earnings call summary.

The company said it reached a $100 million annual run rate for high-margin imagery and AI subscription services, which management described as a key step toward accelerating incremental earnings growth. BlackSky also pointed to Gen-3’s 35-centimeter imaging performance and unit economics, saying it costs about one-fifth as much as legacy platforms and helped capture 90% of its current growth.

BlackSky’s international footprint expanded further, with international subscription revenues growing 150% year over year and now representing more than 80% of the company’s total funded backlog. The summary also said the company held cash operating expenses flat despite 50% revenue growth, highlighting operating leverage as higher-margin services increase in the mix.

Looking ahead, BlackSky reaffirmed full-year 2026 guidance, with revenue expected between $130 million and $150 million and adjusted EBITDA between $12 million and $24 million. The company indicated it expects to have eight Gen-3 satellites on orbit by the end of 2026 and is accelerating its AROS program for a targeted 2028 launch, while liquidity rose to more than $325 million after a $150 million capital raise via ATM offerings.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.