Report published August 13, 2026
HawkEye 360 Inc. (HAWK) 2Q26 Research Report: Goldman Sachs First Take
Source and citation context
- Issuer
- Goldman Sachs
- Report date
- August 13, 2026
- Analysis as of
- Not stated in source
Authors / editors: Noah Poponak, CFA, Connor Dessert, Nizar Mesani, Amanda Fenenbock, Tomas Russo
Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
HawkEye 360 Inc. (HAWK) posted strong 2Q26 revenue of $49.8mn (+87% YoY) and Adjusted EBITDA of $7.0mn, outperforming consensus estimates. Management guided full-year 2026 revenue to $215mn-$220mn, slightly ahead of the $214mn market consensus.
Key Takeaways
- 1.HawkEye 360 reported 2Q26 revenue of $49.8mn (+87% YoY), beating FactSet Consensus by 9%, driven by international revenue growth of 134% YoY.
- 2.Adjusted EBITDA came in at $7.0mn, and full-year 2026 revenue guidance was set at $215mn-$220mn (above consensus $214mn) with EBITDA guidance at $30mn-$36mn.
- 3.HAWK is expanding its constellation via Clusters 15 and 17 as well as its first cluster of Block 3 Kestrel satellites to increase global coverage.
Table of Contents
- Bottom Line
- Details
- Exhibit 1: HAWK variance table vs. GS estimates
- Disclosure Appendix
- Reg AC
- GS Factor Profile
- M&A Rank
- Quantum
- Disclosures
- Company-specific regulatory disclosures
- Distribution of ratings/investment banking relationships
- Price target and rating history chart(s)
- Target price history table(s)
- Regulatory disclosures
- Ratings, coverage universe and related definitions
- Global product; distributing entities
- General disclosures
Report data
Exhibit 1: HAWK variance table vs. GS estimates
| Metric | Estimate | Context |
|---|---|---|
| 2Q26 Revenue | 49.8 USD mn | 9% above FactSet Consensus at $45.6mn |
| 2Q26 International Revenue | 21.0 USD mn | Main driver of total quarterly revenue growth |
| 2Q26 Adjusted EBITDA | 7.0 USD mn | Compares to $7.8mn in 2Q25 and GS estimate of $1.1mn |
| Backlog | 292 USD mn | Backlog at end of quarter |
| FY2026 Revenue Guidance | 215-220 USD mn | Guidance vs consensus of $214mn |
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Authors / Editors
Reported Data Context
- 2Q26 Revenue: 49.8 USD mn (2Q26) · Source: Company data
- 2Q26 International Revenue: 21.0 USD mn (2Q26) · Source: Company data
- 2Q26 Adjusted EBITDA: 7.0 USD mn (2Q26) · Source: Company data
- Backlog: 292 USD mn (2Q26) · Source: Company data
- FY2026 Revenue Guidance: 215-220 USD mn (FY2026) · Source: Company data
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