BlackSky Shares Surge 9.4% Ahead of Q3 Earnings
BlackSky Technology (BKSY) shares surged on Monday, climbing 9.4% in a day of broad market gains. The company is set to report third-quarter results next month, with investors eager for updates on its financial performance.
The stock's rise comes amidst a strong day for the stock market, boosted by positive developments in U.S.-China trade negotiations and progress in Congress. BlackSky's market capitalization currently stands at approximately $948 million.
The company has previously guided for full-year sales between $105 million and $130 million. While third-quarter sales revenue remains undisclosed, investors will be watching closely when the company reports on Nov. 6. BlackSky has projected non-GAAP EBITDA to be between break-even and $10 million for the year.
Capital expenditures are expected to fall within the $60 million to $70 million range. This year alone, BlackSky's share price has risen approximately 148%.
BlackSky Technology's stock has seen significant growth in 2025, with Monday's gains adding to its impressive year-to-date performance. As the company approaches its third-quarter earnings report, investors anticipate updates on sales and earnings guidance for the stock market today.
