Redwire shares drop 21% after Q3 revenue misses expectations despite record margins and backlog.

Redwire's stock fell 21% after its Q3 2026 revenue of $109 million missed analyst estimates of $126.5 million, despite reporting record gross margins of 32.3% and a record backlog of $619.7 million. The revenue shortfall was attributed to delays in defense tech shipments during product transitions. While the company reaffirmed its full-year revenue guidance and secured a $20 million DARPA contract, concerns remain over shipment timing and ongoing losses. Investors will watch closely to see if Redwire can convert its inventory into sales in Q4 amid broader market sell-offs in space stocks.

Following Redwire's revenue miss and shipment delays, its stock price dropped sharply, trading at USD 6.21 with a 19.56% decline on Pluang as of Nov 06, 2026 02:11 WIB. Intuitive Machines and Planet Labs also faced significant sell-offs, with prices down 14.50% and 10.43% respectively, at USD 8.49 and USD 11.33. Despite these falls, Pluang order activity shows strong buying interest in Redwire at 91% and full buying interest in Intuitive Machines and Planet Labs, reflecting investor focus on potential recovery amid the sector's volatility.