HawkEye 360: record results, strong guidance, and new European defense deals
Record Q1 revenue and $100M+ international contracts HawkEye 360 reported record fiscal Q1 2026 revenue of $49.8 million, up 116.5% year-over-year, with adjusted EBITDA of $7.4 million and $285 million backlog. It also won over $100 million in new international contracts, including a $75 million electronic warfare program with a European defense ministry. Strong demand and execution support the stock.
This is the core fundamental driver: record revenue and large new contracts show the business is growing fast.
2026 guidance of $215M-$220M revenue Management guided full-year 2026 revenue to $215-$220 million and adjusted EBITDA to $30-$36 million. Q2 revenue rose 87% to $49.8 million, helped by the ISA acquisition, with $292 million backlog. The guidance gives investors a clear path to continued strong growth.
Forward guidance is a key driver because it tells investors how much the company expects to grow this year.
Morgan Stanley names HAWK top space pick Morgan Stanley named HawkEye 360 its top space investment, citing launch milestones, improving order trends, and NASA's commercial ISS procurement. The endorsement from a major bank can bring more investor attention and buying interest to the stock.
A top-pick call from a major brokerage can directly boost investor demand for the shares.
European defense partnerships with Leonardo and ERA HawkEye 360 signed an MoU with Leonardo to embed its radio-frequency sensing into European sovereign intelligence services, and a collaboration with ERA to deliver radar products to European defense customers. These deals expand its international footprint and open new revenue streams.
New European defense partnerships show growing demand and market expansion, which can drive future revenue.