Quarterly ResultMay 20, 2026, 04:23 PM
AEVEX Q1 Revenue Jumps 307% to $216.7M; Net Income $21.0M
AI Summary
AEVEX Corp. announced strong financial results for the first quarter of 2026, with total revenue increasing significantly by 307% to $216.7 million and a net income of $21.0 million, a substantial improvement from a net loss in the prior year. The company provided a positive outlook for the full year 2026, projecting total revenue between $600.0 million and $620.0 million. Management highlighted robust demand for autonomous systems and AI-enabled solutions, driving strong performance across both Tactical Systems and Global Solutions segments.
Key Highlights
- Total revenue for Q1 2026 increased 307% to $216.7 million from $53.3 million in Q1 2025.
- Net income for Q1 2026 was $21.0 million, compared to a net loss of $27.3 million in Q1 2025.
- Adjusted EBITDA for Q1 2026 was $36.4 million, up from $(13.4) million in Q1 2025.
- Tactical Systems segment revenue rose 547.8% to $190.8 million in Q1 2026.
- Global Solutions segment revenue increased 8.8% to $25.9 million in Q1 2026.
- Full year 2026 revenue guidance is $600.0 million to $620.0 million.
- Full year 2026 Adjusted EBITDA guidance is $88.0 million to $94.5 million.
- Funded backlog as of March 31, 2026, was $356.6 million, with 93.0% expected to convert to revenue in 2026.
Price Impact
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