Earnings Releases·Nov 13, 2026, 4:15 PM ET

AEVEX Corp. — Third Quarter 2026 Earnings Summary

Q3 2026 revenue surged 56.5% YoY to $189.7 million, while Adjusted EBITDA rose 73.0% to $30.8 million; however, the company reported a net loss of $16.8 million compared to net income of $9.9 million in Q3 2025, driven by a $41.7 million increase in income tax provisions and higher SG&A expenses.
Full-year 2026 guidance was raised significantly to $820.0–$840.0 million for revenue (vs. prior $700.0–$720.0 million) and $128.0–$132.0 million for Adjusted EBITDA (vs. prior $105.0–$111.5 million), citing strong demand and the recent BlackSea Technologies acquisition.
The acquisition of BlackSea Technologies on September 8, 2026, established a new Maritime Systems segment with $14.4 million in revenue (up 623.2% YoY), contributing to a total debt reduction to $172.5 million and a cash balance increase to $78.6 million.
Segment performance was mixed, with Airborne Systems revenue up 67.1% to $147.8 million and Global Solutions revenue down 10.7% to $27.5 million, while the company noted risks related to government budget changes and integration of the new acquisition.