AerSale Q2 Revenue Misses by 13%, Gross Profit Halves as Flight Equipment Sales Evaporate

summarizeSummary

AerSale reported Q2 revenue of $70.9M, well below the $81.2M consensus, as Flight Equipment sales dried up. Gross profit halved and the company swung to a net loss, with cash reserves shrinking and revolver borrowings rising.

check_boxKey Events · Earnings and Guidance · ASLE

• Revenue Miss and Decline

  Q2 revenue of $70.9M missed the $81.2M consensus by 13% and fell 34% year-over-year, driven by a 60% drop in engine revenue and near-zero whole asset sales.

• Gross Profit Halved

  Gross profit fell 54% to $16.3M, with TechOps MRO service margins collapsing to 2.0% from 23.6% due to hiring and training costs at the Millington facility.

• Net Loss vs. Prior-Year Profit

  The company reported a net loss of $5.6M, or $0.12 per share, compared to net income of $8.6M, or $0.18 per share, in Q2 2025.

• Liquidity Pressure

  Cash and equivalents fell to $2.2M from $4.4M at year-end, while revolving credit facility borrowings increased to $146.2M, leaving only $31.8M in availability.

auto_awesomeAnalysis · ASLE · Trade & Services

AerSale's Q2 2026 results reveal a sharp deterioration. Revenue came in at $70.9M, missing consensus by 13% and falling 34% year-over-year, as whole asset sales nearly vanished and engine revenue dropped 60%. Gross profit was cut in half to $16.3M, while the TechOps segment saw MRO service margins compress to just 2.0% from 23.6% a year ago, weighed down by heavy hiring and training costs at the Millington facility. The company swung to a $5.6M net loss from an $8.6M profit last year. Cash dwindled to $2.2M, and revolver borrowings climbed to $146.2M, leaving only $31.8M in availability. These results confirm the negative pre-announcement from Reuters on August 6 and raise questions about the pace of recovery in the core engine leasing and sales business.