Arxis shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY26 sales guidance above estimates.

Shares of space-related companies are trading lower, possibly amid sympathy for peer SpaceX, which is experiencing a sell-off due to the expiration of its second lockup period.

8-K filing — Arxis, Inc. (ARXS)

Filed: 2026-08-18 AccNo: 0001193125-26-354774 Size: 174 KB Item 2.01: Completion of Acquisition or Disposition of Assets Item 3.02: Unregistered Sales of Equity Securities Item 9.01: Financial Statements and Exhibits

Citigroup Maintains Buy on Arxis, Raises Price Target to $67

Citigroup analyst John Godyn maintains Arxis (NASDAQ:ARXS) with a Buy and raises the price target from $61 to $67.

Shares of aerospace and defense companies are trading higher. Investor optimism ahead of SpaceX's first public earnings report may be lifting industry peers.