Virgin Galactic reports Q1 EPS (2.38), consensus ($2.55)

Reports Q1 revenue $0.5M, consensus $0.3M. Business Updates: First spaceflight with new SpaceShip carrying research payloads planned for summer 2026. Private astronaut spaceflights planned for fall 2026. Midway through feasibility study to potentially develop second spaceport in Italy. Michael Colglazier, CEO, said, “The first quarter demonstrated strong progress advancing the build of our new SpaceShips and keeping pace with our plans to begin commercial spaceflight in 2026. The assets being built as we march through our pre-revenue phase are tremendous, and we expect them to open up a powerful and profitable business model that will benefit from an industry-leading cost structure, fixed-cost leverage as we scale, and an unparalleled customer experience.”