🔴 Redwire is trading 10.2% down after third-quarter revenue missed estimates

Redwire is trading 10.2% down at $6.93 after third-quarter revenue of $109.0 million came in below analyst estimates, prompting a negative reaction.

• It beat estimates on adjusted loss per share, but adjusted EBITDA was weaker than expected; record margins and backlog offered positives.
• Management reaffirmed its 2026 revenue outlook of $450 million–$500 million and reported record backlog of $619.7 million.
• Defense-sector weakness may add pressure, while the revenue miss remains the clearest company-specific catalyst.