Intuitive Machines (LUNR) Stock Surges on $186.7M Q1 Revenue and $1.1B Backlog Milestone
First-quarter revenue reaches $186.7M as LUNR stock gains momentum on record backlogContract backlog surges to unprecedented $1.1B following major NASA awards and acquisitionsLanteris acquisition drives substantial revenue expansion and space infrastructure capabilitiesCompany maintains full-year revenue projection between $900M and $1B for 2026Positive Adjusted EBITDA of $2.7M marks significant profitability milestone for space firm Shares of Intuitive Machines attracted investor interest following a robust first-quarter performance that saw revenue expand nearly threefold while the contract backlog climbed to an all-time high. LUNR stock traded at $36.43, representing a gain of $0.75 or 2.10% during the session. The upward movement came on the heels of impressive revenue figures, favorable profitability metrics, and significant contract awards. Intuitive Machines, Inc., LUNR The lunar and space infrastructure enterprise delivered $186.7 million in quarterly revenue for the three months concluding March 31, 2026. This figure represented an approximately 200% increase compared to the same period last year, driven substantially by the integration of Lanteris Space Systems. Performance across Commercial Lunar Payload Services, Orbital Mission Enabling Services, and National Security and Navigation Services programs contributed to the results. January 2026 marked the completion of Intuitive Machines‘ $800 million Lanteris acquisition, significantly broadening the company’s space infrastructure footprint. This strategic transaction positioned