Intuitive Machines (NASDAQ:LUNR) Shares Gap Down Following Weak Earnings

Posted by Geri Gentry on Aug 13th, 2026

Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report) gapped down before the market opened on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $16.95, but opened at $14.29. Intuitive Machines shares last traded at $16.9130, with a volume of 8,987,183 shares traded.

The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.07).

Intuitive Machines News Roundup

Here are the key news stories impacting Intuitive Machines this week:

Positive Sentiment: Second-quarter revenue increased more than 300% year over year, while quarter-end backlog reached a record $1.8 billion. The expanding backlog supports the company’s long-term outlook for lunar exploration, space infrastructure and government-related contracts. Intuitive Machines Reports Second Quarter 2026 Financial Results
Positive Sentiment: Analysts have generally maintained a constructive long-term view, with several Buy ratings and an average price target of approximately $33.31, well above the current trading range. However, the overall consensus remains Hold, indicating meaningful execution risk.
Neutral Sentiment: Intuitive Machines updated its fiscal 2026 earnings guidance, but the available report does not provide a numerical EPS outlook, limiting investors’ ability to assess whether expectations have improved or deteriorated.
Neutral Sentiment: Shares had risen ahead of the earnings release as investors anticipated strong sales growth and space-sector demand. The pre-earnings optimism increased the risk of a negative reaction if the results or outlook did not exceed expectations.
Negative Sentiment: The strong revenue growth was not enough to satisfy Wall Street. Reports indicate that second-quarter results and/or the outlook fell short of investor expectations, causing the stock to sink after the release. Intuitive Machines previously reported a quarterly loss and analysts expect another full-year loss, underscoring continuing profitability concerns. Intuitive Machines Stock Sinks on Earnings Even as Revenue Jumps 310%
Negative Sentiment: Director Kamal Seyed Ghaffarian sold 267,448 shares worth approximately $4.3 million, reducing his direct holdings by 7.11%. The sale occurred under a pre-arranged Rule 10b5-1 plan, which reduces its signaling value but may still weigh on sentiment. Intuitive Machines Director Sells Shares

Analysts Set New Price Targets

LUNR has been the topic of a number of analyst reports. KeyCorp upped their price objective on Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Cantor Fitzgerald boosted their target price on shares of Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $34.00 target price on shares of Intuitive Machines in a report on Wednesday, May 20th. Roth Capital increased their price target on shares of Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Stifel Nicolaus set a $32.00 price objective on shares of Intuitive Machines in a research report on Friday, May 15th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Intuitive Machines currently has a consensus rating of “Hold” and a consensus target price of $33.31.

Check Out Our Latest Stock Report on Intuitive Machines

Insiders Place Their Bets

In other Intuitive Machines news, major shareholder International L.P. Advent sold 11,495,514 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $12.84, for a total value of $147,602,399.76. Following the sale, the insider owned 11,495,514 shares in the company, valued at $147,602,399.76. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Timothy Price Crain II sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $21.87, for a total value of $3,280,500.00. Following the completion of the sale, the senior vice president directly owned 351,279 shares of the company’s stock, valued at approximately $7,682,471.73. The trade was a 29.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,546,222 shares of company stock worth $173,386,975 over the last ninety days. 54.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Calamos Advisors LLC acquired a new position in shares of Intuitive Machines in the first quarter valued at approximately $2,984,000. Jefferies Financial Group Inc. acquired a new stake in Intuitive Machines during the 4th quarter worth approximately $717,000. Fifth Third Bancorp bought a new stake in Intuitive Machines in the 1st quarter valued at $4,314,000. Trustees of the University of Pennsylvania bought a new stake in Intuitive Machines in the 4th quarter valued at $52,689,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Intuitive Machines by 202.1% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 461,564 shares of the company’s stock valued at $8,567,000 after buying an additional 308,755 shares in the last quarter. 72.21% of the stock is owned by institutional investors.

Intuitive Machines Stock Performance

The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of -19.23 and a beta of 1.83. The business has a fifty day simple moving average of $18.70 and a 200 day simple moving average of $21.94.

About Intuitive Machines

(Get Free Report)

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.