newsfilter
← Latest News
Business Wire·

AEVEX Corp. Announces Financial Results for Third Quarter 2026

AVEX
  • AEVEX Corp. reported total revenue of $189.7 million for the third quarter ended September 30, 2026, representing a 56.5% increase from $121.2 million in the same period of 2025.
  • The company recorded a net loss of $16.8 million for the quarter, contrasting with a net income of $9.9 million in Q3 2025.
  • Adjusted EBITDA reached $30.8 million for the quarter, up from $17.8 million in Q3 2025.
  • AEVEX completed the acquisition of BlackSea Technologies on September 8, 2026, establishing Maritime Systems as its third reportable segment.
  • The company raised its full-year 2026 revenue outlook to a range of $820.0 million to $840.0 million, compared to the previous range of $700.0 million to $720.0 million.
  • Full-year 2026 Adjusted EBITDA guidance was increased to $128.0 million to $132.0 million, up from the prior range of $105.0 million to $111.5 million.
  • Airborne Systems segment revenue grew 67.1% to $147.8 million, driven by higher revenues from UAS products 8 support services.
  • Maritime Systems segment revenue surged 623.2% to $14.4 million following the BlackSea Technologies acquisition.
  • Global Solutions segment revenue declined 10.7% to $27.5 million due to lower revenue from aircraft modifications 8 testing products.
  • Cash 8 cash equivalents increased to $78.6 million as of September 30, 2026, from $27.9 million at the end of 2025.
  • Management noted that the unfavorable change in net income was primarily driven by a $41.7 million increase in the provision for income tax 8 a $21.1 million increase in selling, general 8 administrative expenses.
  • The company will host an earnings conference call on November 11, 2026, at 5 pm Eastern Time to discuss these results.