Report published August 13, 2026
York Space Systems (YSS) 2Q26 First Take: Goldman Sachs Research Report
Source and citation context
- Issuer
- Goldman Sachs
- Report date
- August 13, 2026
- Analysis as of
- Not stated in source
Authors / editors: Noah Poponak, CFA (Lead Author), Connor Dessert (Author), Tomas Russo (Author), Nizar Mesani (Author), Amanda Fenenbock (Author)
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.
York Space Systems reported 2Q26 revenue of $92.5mn (beating estimates by 4%) and Adjusted EBITDA of $(9.5)mn (missing estimates). The company cut its full-year revenue guidance by 32% at the midpoint to $375-405mn due to government acquisition methodology changes, while Goldman Sachs reiterated a Neutral rating with a $28 price target.
Key Takeaways
- 1.York Space Systems reported 2Q26 revenues of $92.5mn (+10.4% YoY), beating consensus/GS estimates by 4%, but Adjusted EBITDA came in lower than expected at $(9.5)mn vs GS estimate of $(4.0)mn.
- 2.Full-year 2026 revenue guidance was cut by 32% at the midpoint to $375-405mn (from $545-595mn prior) as YSS removed new business assumptions due to shifting government acquisition methodologies.
- 3.Goldman Sachs maintains a Neutral rating on YSS with a 12-month price target of $28.00 based on a 3.4X CY28 EV/Sales multiple.
Table of Contents
- Exhibit 1: YSS 2Q26 results vs. GS estimates
- Disclosure Appendix
Report data
Exhibit 1: YSS 2Q26 results vs. GS estimates
| Metric | Estimate | Context |
|---|---|---|
| 2Q26 Revenue | 92.5 USD mn | Actual revenue for 2Q26 vs GS estimate of $88.8mn (+10.4% YoY) |
| 2Q26 Adjusted EBITDA | -9.5 USD mn | Actual Adjusted EBITDA for 2Q26 vs GS estimate of $(4.0)mn |
| Full Year Revenue Guidance Range | 375-405 USD mn | Lowered full year revenue guidance from prior $545-595mn (down 32% at midpoint) |
| 12-month Price Target | 28.00 USD | GS price target based on 3.4X CY28 EV/Sales |
Document Preview
Access the Full Report
Get unlimited access to institutional research reports. Create an account to get started.
Authors / Editors
Reported Data Context
- 2Q26 Revenue: 92.5 USD mn (2Q26) · Source: Company data, Goldman Sachs Global Investment Research
- 2Q26 Adjusted EBITDA: -9.5 USD mn (2Q26) · Source: Company data, Goldman Sachs Global Investment Research
- Full Year Revenue Guidance Range: 375-405 USD mn (FY26) · Source: Company data
- 12-month Price Target: 28.00 USD (12 months) · Source: Goldman Sachs Global Investment Research
Securities
Themes
Regions
Browse More
Related Reports
Australia & NZ Weekly Economic Preview/Review
September 11, 2026
China Snacks: Read-Across from the Leading Value Retailers' NDR
September 11, 2026
AEJ Week Ahead: China Activity Data, India CPI, and CBC Meeting
September 11, 2026
23rd European Medtech and Healthcare Services Conference: Key Takeaways
September 11, 2026
Key Investor Topics in Regional Banks and Consumer Finance
September 11, 2026