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

York Space Systems (NYSE:YSS) released its earnings results on Thursday. The company reported ($5.99) earnings per share (EPS) 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

NYSE:YSS traded down $0.67 during mid-day trading on Thursday, hitting $6.57. The stock had a trading volume of 2,003,060 shares, compared to its average volume of 2,275,965. York Space Systems has a twelve month low of $5.26 and a twelve month high of $44.54. The stock has a market cap of $902.72 million and a price-to-earnings ratio of -11.14. The company’s 50 day simple moving average is $7.46 and its 200 day simple moving average is $19.56. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.05 and a current ratio of 5.34.

Hedge Funds Weigh In On York Space Systems

A number of institutional investors have recently bought and sold shares of YSS. 71 West Capital Partners bought a new position in shares of York Space Systems during the 3rd quarter worth approximately $44,764,000. Tidal Investments LLC bought a new stake in York Space Systems in the 2nd quarter valued at $45,381,000. State Street Corp raised its stake in York Space Systems by 64.0% in the 3rd quarter. State Street Corp now owns 4,702,355 shares of the company’s stock valued at $40,675,000 after acquiring an additional 1,834,479 shares during the period. Nissay Asset Management Corp Japan acquired a new stake in York Space Systems during the 2nd quarter valued at $8,497,000. Finally, Bank of America Corp DE lifted its holdings in York Space Systems by 234.2% during the 2nd quarter. Bank of America Corp DE now owns 370,425 shares of the company’s stock valued at $9,120,000 after purchasing an additional 259,577 shares during the last quarter.

More York Space Systems News

Here’s some of the latest news about YSS:

• Neutral Sentiment: The company forecast 2026 revenue of $380 million to $400 million. The $390 million midpoint is close to, but modestly below, analysts’ $393.5 million consensus. York Space Systems Reports Third Quarter 2026 Results
• Negative Sentiment: Q3 revenue was $84.2 million, below FactSet’s $90 million estimate. York reported a $5.99-per-share loss versus the $0.23 loss analysts expected; a $749.7 million goodwill write-off accounted for much of the unusually large EPS miss. The impairment is an accounting charge, but the revenue shortfall and wider reported loss weigh on the results. York Space Systems Q3 2026: A $749.7M Goodwill Write-Off Explains the Ugly EPS Miss
• Negative Sentiment: Analyst price targets were cut, including a pessimistic forecast from Citigroup, adding pressure to investor expectations. York Space Systems Stock Sees Fair Value Moves Lower As Analysts Cut Targets

Wall Street Analyst Weigh In

Several brokerages recently commented on YSS. Weiss Ratings reissued a “sell (d)” rating on shares of York Space Systems in a research report on Wednesday, August 12th. Citigroup lowered their price target on York Space Systems from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday. Guggenheim began coverage on York Space Systems in a research note on Monday, September 14th. They set a “neutral” rating on the stock. Wells Fargo & Company cut their price objective on York Space Systems from $35.00 to $17.00 and set an “overweight” rating for the company in a report on Monday, August 31st. Finally, JPMorgan Chase & Co. cut shares of York Space Systems from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $38.00 to $17.00 in a research note on Monday, August 17th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $16.12.

York Space Systems Company Profile

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.