AEVEX Q2 Revenue Nearly Doubles to $201.8M; Raises Full-Year Guidance
AVEX sits 71% above its 52-week low of $13.07.
Summary
AEVEX reported Q2 2026 revenue of $201.8 million, up 99.5% year-over-year, with net income of $6.7 million and Adjusted EBITDA of $28.1 million. The company raised its full-year 2026 guidance to $700-$720 million in revenue and $105-$111.5 million in Adjusted EBITDA.
Updates
· SEC 10-Q — The 10-Q reports material weaknesses in internal control over financial reporting and disclosure controls persist.
Key Events · Earnings and Guidance · AVEX
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Q2 Revenue Nearly Doubles
Total revenue reached $201.8 million, up 99.5% from $101.1 million in Q2 2025, driven by a $102.1 million increase in Tactical Systems revenue.
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Profitability Swing
Net income was $6.7 million compared to a net loss of $11.8 million in Q2 2025, with Adjusted EBITDA rising to $28.1 million from $3.6 million.
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Full-Year Guidance Raised
Management now expects 2026 revenue of $700-$720 million and Adjusted EBITDA of $105-$111.5 million, up from prior expectations.
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Backlog Declines
Funded backlog fell to $259.8 million as of June 30, 2026, from $503.1 million at year-end 2025, primarily due to revenue recognition on the EUCOM AOR Deep Strike program.
Analysis · AVEX · Manufacturing
A breakout quarter for AEVEX: revenue surged 99.5% to $201.8 million, flipping the bottom line to a $6.7 million net profit from a year-ago loss. Adjusted EBITDA climbed to $28.1 million from $3.6 million, powered by the Tactical Systems segment where revenue more than doubled. Management raised full-year guidance to $700-$720 million in revenue and $105-$111.5 million in Adjusted EBITDA, signaling confidence in sustained demand for its autonomous systems. The results arrive alongside the announced acquisition of BlackSea Technologies, expected to further broaden the portfolio. The only soft spot is funded backlog, which fell to $259.8 million from $503.1 million at year-end, though the company expects to convert 95% of it to revenue within 12 months.
How filings like this one have moved
In the 30 days to Nov 1, 2026, 40.1% of the 1118 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.35%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, AVEX was trading at $22.41 on NYSE in the Manufacturing sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $13.07 to $42.34. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.