Firefly Aerospace Set to Report Q2 Earnings: Here's What to Expect

FLY's Q2 results are likely to reflect launch and lunar progress, national security demand and higher costs tied to R&D and expansion.

Zacks Equity Research

3 min read

Firefly Aerospace, Inc. FLY is scheduled to release second-quarter 2026 results on Aug. 11, after market close. The company delivered an earnings surprise of 8.00% in the last reported quarter.

Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.

Factors That are Likely to Have Impacted FLY's Q2 Earnings

Firefly Aerospace’s second-quarter 2026 earnings are likely to have benefited from continued progress in its launch and lunar businesses. The company is working to increase the frequency of Alpha launches, with strong demand from national security and commercial customers expected to support its launch services business.

Demand for lunar services is also expected to support results. Firefly Aerospace continued to make progress on its Blue Ghost lunar program, while customer interest in future lunar missions and larger landers remained strong.

The company’s growing focus on national security space programs is likely to have provided another growth driver. Firefly Aerospace is pursuing opportunities in responsive launch, space communications, in-space transportation and space-based data processing for government customers.

However, higher costs related to research and development, production expansion and the integration of SciTec are likely to have pressured the company’s bottom line. Continued investments in launch infrastructure and new space technologies are likely to have also weighed on profitability.

Firefly Aerospace, Inc. Price and EPS Surprise

Firefly Aerospace, Inc. price-eps-surprise | Firefly Aerospace, Inc. Quote

FLY’s Q2 Expectations

The Zacks Consensus Estimate for earnings is pegged at a loss of 50 cents per share, indicating a year-over-year improvement.

The consensus estimate for revenues is pinned at $89.6 million, indicating a year-over-year increase of 476.2%.

What Our Quantitative Model Predicts for FLY

Our proven model does not conclusively predict an earnings beat for Firefly Aerospace this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here as you will see below.

Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.

Zacks Rank: Currently, Firefly Aerospace carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Stocks to Consider

Below, we have mentioned a few players from the same sector that have the right combination of elements to beat on earnings in the upcoming releases:

Vertical Aerospace EVTL is set to report second-quarter 2026 earnings on Aug. 13, before market open. It has an Earnings ESP of +15.39% and a Zacks Rank of 3 at present.

The Zacks Consensus Estimate for EVTL’s loss is pegged at 39 cents per share, indicating year-over-year improvement. The company delivered an earnings surprise of 4.76% in the last reported quarter.

Mercury Systems MRCY is slated to report its fourth-quarter fiscal 2026 results on Aug. 18, after market close. It has an Earnings ESP of +6.67% and a Zacks Rank of 3 at present.

The Zacks Consensus Estimate for MRCY’s loss is pegged at 38 cents per share. The company delivered an earnings surprise of 350% in the last reported quarter.

Heico HEI is slated to report its third-quarter fiscal 2026 results soon. It has an Earnings ESP of +3.99% and a Zacks Rank of 2 at present.

HEI’s long-term earnings growth rate is 16.2%. The Zacks Consensus Estimate for earnings is pegged at $1.50 per share, which suggests a year-over-year rise of 19.1%.

Zacks' Research Chief Names "Stock Most Likely to Double"

Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.

This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.

Free: See Our Top Stock And 4 Runners Up

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report