AEVEX Corp. Reports 307% Revenue Growth, $21M Net Income in Q1 2026; Issues Strong Full-Year Guidance
AVEX sits 33% above its 52-week low of $22.27.
Summary
AEVEX Corp. announced outstanding Q1 2026 financial results, featuring a 307% revenue increase and a swing to profitability, alongside strong full-year guidance.
Key Events · Earnings and Guidance · AVEX
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Exceptional Q1 2026 Financial Performance
Total revenue surged by 307% year-over-year to $216.7 million, driven primarily by a $161.0 million increase in Tactical Systems segment revenue from UAS products.
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Significant Turnaround in Profitability
The company reported a net income of $21.0 million, a substantial improvement from a net loss of $27.3 million in Q1 2025. Adjusted EBITDA also turned positive to $36.4 million from a loss of $13.4 million in the prior year.
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Strong Full-Year 2026 Outlook
AEVEX Corp. provided an optimistic full-year 2026 outlook, projecting total revenue between $600.0 million and $620.0 million, and Adjusted EBITDA between $88.0 million and $94.5 million.
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Funded Backlog Provides Revenue Visibility
As of March 31, 2026, funded backlog stood at $356.6 million, with approximately 93.0% expected to convert into revenue during the remainder of 2026, indicating strong near-term revenue visibility.
Analysis · AVEX · Manufacturing
This 8-K filing details exceptionally strong first-quarter results, confirming the positive revenue growth previously reported by news outlets today. The company achieved a significant turnaround, moving from a net loss to a substantial net income and positive Adjusted EBITDA. The strong full-year guidance, coupled with a healthy funded backlog, provides clear visibility into future performance and validates the company's recent IPO and financing efforts. This performance indicates robust demand for its autonomous systems and mission software.
At the time of this filing, AVEX was trading at $29.51 on NYSE in the Manufacturing sector, with a market capitalization of approximately $3B. The 52-week trading range was $22.27 to $42.34. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.