Why Is REDWIRE CORP (RDW) Stock Down Today?

Redwire Corp (RDW) shares fell 17.68% to $6.36 following the release of third-quarter 2026 financial results. The primary driver of the decline was a significant revenue miss, as the company reported sales of $109.0 million against a consensus estimate of $126.56 million, despite an adjusted EPS beat.

What Happened

Redwire reported third-quarter 2026 revenues of $109.0 million, which missed analyst expectations by $17.52 million. However, the company delivered an adjusted EPS of negative 6 cents, beating the consensus estimate of negative 9 cents by 3 cents. The firm also reported a loss per share of negative 9 cents on a GAAP basis. Management reaffirmed its full-year 2026 revenue guidance of $450 million to $500 million, a range that sits below the current consensus estimate of $475.28 million. The company noted that it achieved record gross margins and expanded its backlog. Additionally, Redwire was awarded a $20 million contract for additional Otter VLEO testing and experimentation, including work on a scaled version of its SabreSat spacecraft for a precursor flight test.

What The Data Shows

The stock opened at $7.48, representing a 3.1% gap down from the prior close of $7.72. The session high was $7.72 at 8:05 AM ET, while the session low reached $6.29 at 10:25 AM ET. Volume stood at 8.0 million shares, which is 0.5 times the three-month daily average. Fundamentals indicate a market cap of $2.0 billion with a beta of 3.13. The company remains unprofitable with a trailing twelve-month EPS of negative 1.41 and a net margin of negative 57.3%, though revenue has grown 63.1% year over year. The 52-week range is $4.87 to $26.64. Over the last 8 sessions, the stock declined 7.2% from $8.32 to $7.72. Unusual options activity included two notable prints with $292,000 in call premium and zero put premium, with the largest single print at $146,000. Insider filings show one sale of $10.5 million by Ae Red Holdings, LLC on September 23, 2026.

What To Watch

Investors will monitor the company’s ability to meet its reaffirmed full-year 2026 revenue guidance of $450 million to $500 million. Coverage from seven sources in the last 36 hours will likely focus on the divergence between the revenue miss and the EPS beat, as well as the impact of the new defense contracts on future margins.