York Space Systems (NYSE:YSS) Posts Earnings Results, Misses Estimates By $5.76 EPS

York Space Systems (NYSE:YSS) posted its quarterly earnings results on Thursday. The company reported ($5.99) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($5.76), FiscalAI reports. The company had revenue of $84.17 million during the quarter.

Here are the key takeaways from York Space Systems’ conference call:

• Q3 revenue fell 7% year over year to $84.2 million, adjusted EBITDA was a loss of $27.6 million, and gross margin declined to 18%, partly due to one-time inventory adjustments. York recorded a $749.7 million non-cash goodwill impairment after lowering revenue expectations; it expects the Q4 adjusted EBITDA loss to widen slightly, while maintaining 2026 revenue guidance of $380 million–$400 million.
• York reported $581 million in funded backlog, $750 million in unexercised options (up 394% from the prior quarter), and a $14.9 billion identified pipeline. The company said it won nine contracts in 2026 and believes its contract positions could lead to larger awards, though management said timing and amounts remain uncertain and significant awards are expected mainly in 2027 and beyond.
• York said it has cut Tranche 2 satellite build time from nine months to two months, a 78% improvement, and added 30 manufacturing cells during the quarter. It also said inventory, launch capacity, ground infrastructure, and mission operations could enable turnkey mission delivery up to 75% faster than traditional timelines.
• York announced a proposed acquisition of Outlook Industries to expand into unmanned systems, alongside its communications, ground-network, and mission-software capabilities. Management cited a combined estimated $13.4 billion addressable market and plans for a mid-December demonstration, but the acquisition is proposed and the opportunity is not yet established revenue.

York Space Systems Stock Performance

Shares of YSS stock traded down $1.08 on Friday, hitting $5.52. The company’s stock had a trading volume of 1,614,442 shares, compared to its average volume of 2,271,160. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.05 and a current ratio of 5.34. The stock’s 50 day moving average is $7.46 and its 200-day moving average is $19.56. York Space Systems has a fifty-two week low of $5.13 and a fifty-two week high of $44.54. The company has a market capitalization of $757.82 million and a PE ratio of -9.35.

York Space Systems News Roundup

These are some of the YSS news items that stood out recently:

• Neutral Sentiment: Needham & Company lowered its target from $18 to $10 but maintained a “buy” rating. The lower target reflects reduced expectations, while the retained rating signals continued analyst optimism. Needham analyst recommendations
• Negative Sentiment: Third-quarter revenue was $84.2 million, below the approximately $90 million estimate. The reported loss per share of $5.99 also sharply missed expectations; coverage attributes much of the unusually large loss to a $749.7 million goodwill write-off. York Space Systems Q3 2026 results Q3 earnings and goodwill write-off
• Negative Sentiment: Management forecast 2026 revenue of $380 million–$400 million, versus consensus of $393.5 million; the range midpoint is slightly below expectations. Piper Sandler cut its target from $8 to $7 and kept a “neutral” rating, while Jefferies downgraded the stock from “buy” to “hold” with a $6 target. Piper Sandler analyst recommendations Jefferies analyst recommendations

Institutional Trading of York Space Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gabelli Funds LLC boosted its stake in shares of York Space Systems by 156.8% in the third quarter. Gabelli Funds LLC now owns 38,268 shares of the company’s stock valued at $331,000 after buying an additional 23,364 shares during the period. Gamco Investors INC. ET AL grew its position in York Space Systems by 25.6% during the third quarter. Gamco Investors INC. ET AL now owns 21,695 shares of the company’s stock worth $188,000 after buying an additional 4,424 shares in the last quarter. State Street Corp increased its stake in York Space Systems by 64.0% during the 3rd quarter. State Street Corp now owns 4,702,355 shares of the company’s stock worth $40,675,000 after acquiring an additional 1,834,479 shares during the period. Private Wealth Asset Management LLC bought a new position in York Space Systems during the 3rd quarter worth $1,295,000. Finally, Voya Investment Management LLC raised its holdings in York Space Systems by 0.8% in the 3rd quarter. Voya Investment Management LLC now owns 1,632,024 shares of the company’s stock valued at $14,117,000 after acquiring an additional 13,706 shares in the last quarter.

Analysts Set New Price Targets

YSS has been the subject of a number of research reports. Needham & Company LLC cut their target price on shares of York Space Systems from $18.00 to $10.00 and set a “buy” rating for the company in a research note on Friday. Craig Hallum started coverage on shares of York Space Systems in a research note on Wednesday, August 26th. They issued a “hold” rating and a $11.00 price target on the stock. Wells Fargo & Company decreased their price target on shares of York Space Systems from $35.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, August 31st. Citigroup lowered their price target on shares of York Space Systems from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Robert W. Baird set a $16.00 price objective on shares of York Space Systems in a research report on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.73.

About York Space Systems

York Space Systems designs, manufactures and operates spacecraft and related systems. Its offerings include satellite platforms, spacecraft integration, mission operations and ground-system services for customers developing and operating satellite missions. The company’s product portfolio includes standardized spacecraft platforms designed to support a range of payloads and mission requirements. York serves government and commercial customers, including organizations involved in national security, civil space and communications missions.