York cuts 2026 revenue guidance to $375-405M as Pentagon shifts how it buys

York Space Systems

York reported second-quarter revenue of $92.5M, up 10%, with a net loss of $39.3M. It cut full-year revenue guidance, removing expected new business because the government is moving from large competitions to slower-starting task-order contracts.

• Backlog $592M; identified pipeline over $11.5B.
• Eight contract wins in 2026 so far, an 88% win rate.
• Says it is 42-for-42 on Tranche 1 satellites delivered to orbit.
• Nemesis mission on track for spacecraft delivery in Q4.