Applied Aerospace & Defense Posts Record Q2 Revenue of $167.3M, Guides FY26 Revenue to $670–$690M
AADX sits 16% above its 52-week low of $16.57.
Summary
Applied Aerospace & Defense reported record Q2 revenue of $167.3 million, up 47.4% year-over-year, alongside Adjusted EBITDA of $36.4 million. A GAAP net loss of $154 million was driven by IPO-related non-cash charges. Full-year revenue guidance of $670–$690 million and a backlog exceeding $1.1 billion highlight strong demand across all three core markets.
Key Events · Earnings and Guidance · AADX
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Record Q2 Revenue of $167.3M
Revenue grew 47.4% year-over-year, fueled by strength across all three end markets: Space and Launch Systems ($38.8M), Defense Aviation ($78.9M), and C5ISR & Precision Strike ($49.6M).
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Adjusted EBITDA Hits $36.4M
Adjusted EBITDA rose 38.5% to $36.4 million, yielding a margin of 21.8%. The GAAP net loss of $154 million was primarily attributable to $110 million in share-based compensation and $5.2 million in IPO transaction costs.
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Backlog Exceeds $1.1 Billion
Contract backlog reached $1.13 billion as of June 30, 2026, providing solid multi-year revenue visibility across enduring programs and next-generation growth initiatives.
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Full-Year 2026 Guidance Raised
The company expects full-year revenue of $670–$690 million and Adjusted EBITDA of $150–$155 million, implying continued strong demand and operational execution.
Analysis · AADX · Manufacturing
In its first quarter as a public company, Applied Aerospace & Defense delivered a standout performance: revenue surged 47.4% to a record $167.3 million, and Adjusted EBITDA climbed 38.5% to $36.4 million. The GAAP net loss of $154 million stems entirely from non-cash share-based compensation and IPO transaction costs—the underlying business is profitable and expanding. With backlog exceeding $1.1 billion, multi-year visibility is firmly in place, and full-year guidance points to sustained momentum. This report validates the growth story that drove the company's recent $650 million IPO and confirms that demand across space, defense aviation, and precision strike markets remains robust.
How filings like this one have moved
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At the time of this filing, AADX was trading at $19.28 on NYSE in the Manufacturing sector, with a market capitalization of approximately $3.5B. The 52-week trading range was $16.57 to $24.24. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.