Voyager Technologies Inc (NYSE:VOYG) shares are trading higher on Tuesday after the space and defense technology company posted fourth‑quarter results that featured a sizable adjusted EPS beat.

Voyager Technologies stock is among today’s top performers. Why are VOYG shares rallying?

Voyager reported fourth‑quarter revenue of $46.65 million, coming in just below the $48.22 million analysts expected. However, the company delivered a much smaller adjusted loss than anticipated, 37 cents per share versus the expected 55‑cent loss, an 18‑cent beat that significantly outperformed expectations.

Revenue grew 24% year-over-year, underscoring solid underlying momentum despite the top‑line miss. Voyager also ended the year with a $265.6 million backlog as of Dec. 31, 2025.

Defense Segment Leading The Charge

The strength in the quarter was driven by the Defense and National Security segment, which ...