Applied Aerospace & Defense — Third Quarter 2026 Earnings Summary

Applied Aerospace & Defense reported record third-quarter 2026 revenue of $182.1 million, representing a 48.6% increase year over year, driven by strong demand across space, defense aviation, and advanced sensing markets. The company generated net income of $30.6 million and delivered Adjusted EBITDA of $39.7 million, while expanding its contract backlog to nearly $1.3 billion. Excluding the impact of 2026 acquisitions, organic revenue growth was 20.3%, with double-digit growth achieved in all three core end markets. For the full year 2026, the company updated its outlook to project total revenue between $660 million and $670 million and non-GAAP Adjusted EBITDA between $137 million and $142 million.