Redwire Stock Surges Thursday: What's Happening?

Redwire Corp (NYSE: RDW ) shares are trading higher Thursday after reporting second-quarter financial results featuring better-than-expected sales performance.

Redwire stock is charging ahead with explosive momentum.

What’s fueling RDW momentum? Strong Revenue Growth and Wall Street Upgrade Drives Momentum The space and defense technology firm posted second-quarter revenue of $117.07 million, up 89.6% year-over-year and surpassing Wall Street estimates of $107.30 million.

Earnings per share came in at a loss of 19 cents per share, slightly missing expectations of a loss of 15 cents.

Cantor Fitzgerald analyst Colin Canfield maintained an Overweight rating on Redwire stock while raising his price target from $9.00 to $13.50 this week.

Jefferies also increased its price target from $13 to $24 in June, while moving to a Hold rating.

Management Highlights Record Backlog and Reaffirms Full-Year Outlook Company leadership expressed confidence in operational performance and future trajectory. “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,” said Peter Cannito, chairman, CEO and president of Redwire.

Cannito emphasized that a record backlog of $542.1 million and a strengthened balance sheet position the company to meet rising demand for mission-critical platforms.

CFO Chris Edmunds added that achieving $214.0 million in first-half revenue provides significant visibility for the second half of the year.

Supported by this momentum, Redwire reaffirmed its full-year 2026 revenue guidance of $450 million to $500 million.

RDW Shares Climb Thursday Morning RDW Price Action: Redwire shares were up 13.71% at $12.19 at the time of publication on Thursday, according to Pro data.

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