Firefly Aerospace reported Q3 2026 financial results yesterday after the market closed. Firefly ended September 2026 with a record backlog. Management projects significant revenue growth in 2026. Beating analysts' expectations of $103.

Firefly Aerospace (NASDAQ:FLY) raised the low end of its 2026 revenue forecast after reporting a third-quarter revenue increase of 259%, while outlining a more than $1.3 billion engine technology agreement with AST SpaceMobile and pushing its next Alpha rocket launch into early 2027.

Firefly Aerospace raises 2026 revenue guidance to $440 million-$450 million as Q3 revenue rises 259% to $110.7 million; its AST deal exceeds $1.3 billion.

The company behind the Bluebird direct-to-cell satellite constellation said the addition of its own heavy-lift rocket is the final piece of its plans for vertical integration.

SpaceX Stock Keeps Getting Cheaper. Starship Flight 15 Could Spark a Massive Rally. Morgan Stanley analyst Adam Jonas now sees SpaceX generating positive annual free cash flow by 2031, four years earlier than when he launch coverage of the company four months ago.

Firefly Aerospace reached an agreement worth more than $1.3 billion to supply rocket engines and license its propulsion technology to AST SpaceMobile, which is developing its own heavy-lift rocket.

Another new project is Firefly Design, an AI-heavy version of a graphic design program that incorporates print, motion graphics and 3D. The intelligence assistant is a big part of the interface, where you can use text prompts to come up with variations of different scenes.

Adobe has expanded Firefly with AI video editing, a Creative Agent, design tools and access to 36 models, while many features remain in beta or private beta.