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EarningsQ2 2026 Earnings Report
SPIR Q2 2026 EPS Results
Actual EPS-$0.31
Consensus EPS-$0.27
Beat/MissMissed by -$0.04
One Year Ago EPS-$0.48
SPIR Q2 2026 Revenue Results
Actual Revenue$18.05M
Expected Revenue$18.14M
Beat/MissMissed by -$91.00K
YoY Revenue Growth+0.27%
Earnings Announcement Details
QuarterQ2 2026
Date08/12/2026
TimeAfter Close
Conference CallWednesday, August 12, 2026
SPIR Upcoming Earnings
Spire Global's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
SPIR Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented clear operational momentum: accelerating core revenue (Q2 +16% YoY, +19% sequential), expanding contract backlog (over 85% of guidance contracted), manufacturing scale-up (300–400 satellites annual capacity), notable NOAA and international wins, technology milestones (cross-plane OISL) and a favorable arbitration award (~$12.4M). Offsetting these positives were a material quarter-over-quarter gross margin decline (38% vs. 52% prior year) driven by the WildFireSat cancellation, continued negative adjusted EBITDA (-$8.6M) and negative operating cash flow (-$23.4M), and execution/timing risk tied to H2 contract awards and NOAA IDIQ timing. Management expects margins and cash flow to improve as revenue scales in H2 and into 2027, and the balance of disclosures indicates momentum outweighs near-term challenges.Company Guidance
Revenue Growth and Reaffirmed Guidance
Q2 GAAP revenue of $18.0M; core revenue (excluding divested maritime business) grew 16% year-over-year and 19% sequentially. First-half revenue was $33.9M; full-year 2026 guidance reaffirmed at $75M–$85M (midpoint implies ~50% core YoY growth).
Strong Contracted Visibility
Over 85% of full-year guidance was under contract at the end of July (up from 76% in May), providing substantial near-term revenue visibility toward the midpoint of guidance.
NOAA and Government Pipeline Advancement
Progress on NOAA opportunities: HyMS proposals advanced to negotiation or contract; an 8-figure U.S. government microwave-sounding contract in active negotiation; a hyperspectral microwave sounder data extension under contract valued up to $5M over 9 months. Actively bidding on >$150M across NOAA programs and expect RO bridge award imminently.
RF Geolocation Demand and Bookings
RFGL momentum with 4 new international customers secured in Q2 (on top of 5 new U.S. awards and 3 international customers in Q1). Management noted RFGL collection capacity up ~10x year-to-date and a multi-stage conversion pathway (pilot → subscription → operational program).
Satellite Deployment and Capacity Expansion
29 satellites launched in 2026 to date (19 in Q1, 10 in early July). Six new satellite pairings from Q1 are reaching full operational status in Q2–Q3. Manufacturing footprint now in North America, Germany and the U.K., with production capacity expanded to ~300–400 satellites annually.
Technology and R&D Milestones
Achieved first cross‑plane optical inter‑satellite laser link between two OISL-equipped satellites (stable link >5 minutes across ~5,000 km), demonstrating lower-latency in-orbit data transfer capability; single-satellite geolocation on S- and X-band demonstrated.
Commercial & International Wins
Expanded EUMETSAT RO contract to over EUR 4M annually; signed two 6‑figure commercial weather deals for global forecasts and historical data in July; announced strategic European partnerships with Schaeffler and Diehl Defence to strengthen sovereign/defense positioning.
Improving Operating Trends and Liquidity
Adjusted EBITDA improved to negative $8.6M (16% improvement YoY, 15% sequential). Cash flow used in operations improved 32% YoY and 11% sequentially to $23.4M. Ended Q2 with approximately $92M in cash and marketable securities and remained debt-free.
Favorable Legal Outcome
Arbitration ruling dismissed NorthStar claims and awarded approximately $12.4M in favor of Spire, removing a legal overhang and reducing related one-time legal costs going forward.
SPIR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed