Voyager Technologies Inc. (NYSE:VOYG) dropped its third-quarter fiscal 2026 results after Monday's closing bell, and the headline was a loss that came in a touch wider than Wall Street wanted. The company reported quarterly losses of 87 cents per share, which missed the analyst estimate for losses of 85 cents, according to market data.

Revenue, though, was a different story. Quarterly revenue came in at $88.72 million, beating the Street estimate of $81.38 million and up from $39.59 million in the same period last year. That's a 124% jump, and it's the kind of growth that makes people pay attention.

Record Everything, Basically

Voyager's quarterly highlights read like a company that's been busy. The company reported a record backlog of $742 million, increasing 293% year-over-year and 121% sequentially, including $347 million added due to the Astrobotic acquisition. Record quarterly revenue of $89 million, up 124% year-over-year. Record quarterly bookings of $116 million, increasing 135% year-over-year, resulting in a 1.3x Book-to-Bill ratio. And $815.7 million in total liquidity at quarter-end, including $553.6 million in cash and cash equivalents.

"Voyager delivered another exceptional quarter, achieving record revenue, record bookings and record backlog, driven by accelerating demand for our technologies and exceptional execution," said Dylan Taylor, CEO of Voyager Technologies.

"Our record backlog provides meaningful multi-year revenue visibility and raising our full-year guidance reflects this momentum," Taylor added.

That backlog number is the one to keep an eye on. A record $742 million in work lined up gives the company a multi-year runway, and management is leaning on that visibility to justify its raised outlook.

Keybanc Trims Its Target

Not everyone is ready to celebrate, though. In a Monday note, Keybanc analyst Michael Leshock maintained an Overweight rating on Voyager Technologies but lowered the price target from $50 to $40, according to market data. The adjustment reflects a cautious outlook despite the company's recent achievements in space-related projects.

So the rating stays positive, but the target comes down. That's the kind of split you see when the story is still good but the near-term math gets a little tighter.

Astrobotic Acquisition Lifts the Forecast

Voyager Technologies has raised its full-year revenue forecast following the successful acquisition of Astrobotic. That deal is expected to contribute significantly to Voyager's revenue in 2026, with an estimated $40 million to $50 million boost.

The company reported record bookings of $113 million and increased its guidance, projecting revenue growth between 66% and 84% for the year. Voyager's strategic moves are aimed at strengthening its position in the lunar economy.

In other words, the Astrobotic deal isn't just a headline. It's showing up in the numbers and in the guidance.

What the Charts Say

Voyager Technologies has a neutral RSI(14) of 45.04. The stock trades 14.58% below its 50-day SMA of $30.94 and 16.68% below its 200-day SMA of $31.72. The 50-day SMA is below the 200-day SMA, indicating potential resistance levels.

For the technically inclined, that setup suggests the stock has some work to do before it gets back to its recent averages.

VOYG Stock Price: According to market data, Voyager Technologies stock was up 1.75% to $25.02 in Monday's extended trading.