US Stock Movement: Intuitive Machines surges on November 12 with record-breaking Q3 performance, revenue exceeding expectations, and a backlog of 1.9 billion

Intuitive Machines November 12 Surge Analysis

Keywords: Record Q3 performance, revenue surpasses expectations, $1.9 billion backlog

1. On November 12, the company released its Q3 2026 financial report, with revenue reaching $269.3 million, a year-on-year increase of 413.5%, surpassing market expectations by $21.74 million. GAAP net loss per share was $0.02, better than the expected $0.10 loss.

2. On November 12, the company achieved record quarterly revenue, positive adjusted EBITDA, and positive operating cash flow, with free cash flow reaching $33.5 million and backlog orders increasing to $1.9 billion.

3. On November 12, the company’s backlog increased by approximately $1.65 billion compared to December 31, 2025, including $1.77 billion in newly awarded contracts, partially offset by $662.2 million in recognized revenue and $94.7 million in adjustments.

4. On November 12, the company reiterated its FY2026 revenue guidance at $920 million to $950 million and expects to achieve positive adjusted EBITDA. Key initiatives include the IM-3 mission and the planned Altus-1 launch.

(Disclaimer: This content is generated by AI summarizing publicly available information and is for reference only; it does not constitute investment advice.)