Slide 1: Second Quarter 2026 Earnings
VOYAGER TECHNOLOGIES SECOND QUARTER 2026 EARNINGS AUGUST 4, 2026
Slide 2: Important Notice and Disclaimers
VOYAGER TECHNOLOGIES Important Notice and Disclaimers Forward-Looking Statements Market, Industry and other Data This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The market data, industry data and other statistical info
Slide 3: CEO Highlights
CEO HIGHLIGHTS Exceptional performance – powerful demonstration of Voyager's ability to convert opportunity into growth acceleration Record Bookings $113M driving new Record Backlog $336M – supporting 2H Revenue growth and providing visibility into 2027 Record Revenue $53M – strong execution driving
Slide 4: Key Wins
KEY WINS Won $113M in new awards in Q2 across multiple high-growth areas, building on Q1 momentum Golden Dome related awards $84M, across multiple programs of record, multiple customers and technology platforms Awarded multi-million-dollar contract to deliver an Agentic AI spectrum operations platfo
Slide 5: Overview of Astrobotic Technology, Inc.
OVERVIEW OF ASTROBOTIC TECHNOLOGY, INC. Business Overview • Founded 2007 • Vertically integrated next-gen autonomous space technologies • Track record across government & commercial space sectors • 200+ employees across two facilities Business Segments • Lunar Delivery – end-to-end lunar payload del
Slide 6: Acquisition Highlights
ACQUISITION HIGHLIGHTS Strong strategic fit – accelerates Voyager's lunar initiative Pure-play lunar infrastructure company with flight-validated, proprietary IP across delivery, power, and mobility, positioned to provide critical technology for NASA’s Moon Base Leading provider of lunar landers und
Slide 7: Transaction Summary
TRANSACTION SUMMARY Transaction Terms • Voyager acquired 100% of Astrobotic Technology, Inc., for a total potential enterprise value of $300M • Guaranteed consideration: $171M combination of cash & equity ($96M cash + 2.0M Shares) • Additional Earnout potential: $129M (cash & equity), subject to per
Slide 8: Q2 2026 Financial Highlights
Q2 2026 FINANCIAL HIGHLIGHTS $113M 2.1 $336M Bookings Book-to-Bill Backlog $53M ($38M) ($0.70) Net Sales AEBITDA1 AEPS1 STRONG MOMENTUM CONTINUED IN Q2, DRIVING RECORD BOOKINGS & BACKLOG (1) See Appendix for Non-GAAP Reconciliations Q2_26 EARNINGS |8 8
Slide 9: Record Bookings Driving Record Backlog
RECORD BOOKINGS DRIVING RECORD BACKLOG Booking Highlights Backlog Revisit Q2 bookings of $113M, up from $48M in Q1’26 Backlog increased from $171M at Year-End 2025 to and $37M in Q2’25 $275M in Q1’26 TTM bookings of $238M across Q3’25-Q2’26 Q2’26 backlog reached a record $336M Record bookings suppor
Slide 10: Q2 2026 Defense & Space Segment
Q2 2026 DEFENSE & SPACE SEGMENT Millions, USD Bookings Net Sales Performance Highlights $113.0 Bookings growth of 205% and new record $53.0 +15% backlog of $336M $46.0 Driven by strength in propulsion controls, classified agentic AI products, and core existing +205% customer expansion Sales growth a
Slide 11: Q2 2026 Starlab Space Segment
Q2 2026 STARLAB SPACE SEGMENT Performance Highlights Cumulative Milestone Cash Receipts Millions, USD $211 38 Milestones achieved to date $183 demonstrating steady and continued progress $127 Inception-to-date milestone receipts of $211M, including Q2'26 receipts of $4M $65 Growing commercial demand
Slide 12: Financial Position
FINANCIAL POSITION Liquidity Position 1 Disciplined & Growth-Oriented Capital Allocation $373M Organic Growth Investments Investing in high-return, value-added Cash technologies to drive organic growth and $212M margin expansion Available Credit Facilities Accretive M&A Targeting accretive businesse
Slide 13: 2026 Guidance
2026 GUIDANCE ACCELERATING GROWTH 2026 GUIDANCE FRAMEWORK LONG-TERM GUIDANCE FRAMEWORK NET SALES • Revenue guidance increased - strong Diversified portfolio with attractive growth Millions, USD $275 - $305 1H execution & bookings conversion opportunities +66-84% YoY and Astrobotic $40M to $50M • +25
Slide 14: Appendix
VOYAGER TECHNOLOGIES Private and Confidential –Q2_26 Do NotEARNINGS Distribute ||1414
Slide 15: Key Takeaways
KEY TAKEAWAYS Delivered record Revenue $53M, sequential growth of 51% Strong pipeline conversion drove record Bookings $113M Record backlog $336M, driving accelerated growth H2'26 and increased visibility into 2027 Astrobotic strengthens lunar platform, provides scale while accelerating revenue grow
Slide 16: Non-GAAP Reconciliations
Non-GAAP Reconciliations Q2_26 EARNINGS | 16
Slide 17: Non-GAAP Reconciliations - KPIs
VOYAGER TECHNOLOGIES Non-GAAP Reconciliations - KPIs Three Months Six Months Ended Ended As of As of (dollars in thousands, June 30, June 30, June 30, June 30, (dollars in thousands) June 30, December 31, except per share amounts) 2026 2025 2026 2025 2026 2025 Funded backlog(1) Net sales $52,746 $45
Slide 18: Non-GAAP Reconciliations – Adjusted EBITDA
VOYAGER TECHNOLOGIES Non-GAAP Reconciliations – Adjusted EBITDA Three Months Ended Six Months Ended (dollars in thousands) June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net loss attributable to Voyager Technologies, Inc. $(46,490) $(31,382) $(90,473) $(58,320) Finance and interest expense,
Slide 19: Non-GAAP Reconciliations – Adjusted Earnings Per Share
VOYAGER TECHNOLOGIES Non-GAAP Reconciliations – Adjusted Earnings Per Share Three Months Ended Six Months Ended (dollars in thousands, except per share amounts) June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net loss attributed to common shareholders $(46,490) $(36,640) $(90,473) $(69,579)
Slide 20: Non-GAAP Reconciliations – Free Cash Flow
VOYAGER TECHNOLOGIES Non-GAAP Reconciliations – Free Cash Flow Three Months Ended Six Months Ended (dollars in thousands) June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Cash used in operating activities $(44,315) $(16,549) $(84,027) $(30,903) Purchases of property and equipment (35,536) (30
Slide 21: Operating Metrics – Innovation Spend
VOYAGER TECHNOLOGIES Operating Metrics – Innovation Spend Three Months Ended Six Months Ended (dollars in thousands) June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Qualified research and development under section 174 $32,939 $32,658 $77,979 $66,257 Development program innovation spend(1) 20