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EarningsQ2 2026 Earnings Report
ATROB Q2 2026 EPS Results
Actual EPS$0.70
Consensus EPS$0.59
Beat/MissBeat by +$0.11
One Year Ago EPS$0.03
ATROB Q2 2026 Revenue Results
Actual Revenue$259.96M
Expected Revenue$245.30M
Beat/MissBeat by +$14.65M
YoY Revenue Growth+27.01%
Earnings Announcement Details
QuarterQ2 2026
Date08/11/2026
TimeAfter Close
Conference CallTuesday, August 11, 2026
ATROB Upcoming Earnings
Astronics Corporation Class B's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
ATROB Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum: record revenue, bookings and backlog, substantial margin expansion (adjusted EBITDA margin ~19.8%), raised full-year guidance above $1.0B, solid cash generation and strategic defense wins (MV-75 engineering booking and Army radio test production). Headwinds cited were manageable and largely transitory — tariff run-rate and timing of refunds, GEO-to-LEO disruption in a portion of connectivity business, ramp-related margin timing in Test Systems, ongoing labor/retention friction, and some M&A/integration and legal uncertainties. Overall, the positive metrics and guidance substantially outweighed the challenges described.Company Guidance
Record Quarterly Revenue and Raised Guidance
Q2 sales reached a record $260.0M, up 27% year-over-year. Management raised full-year 2026 revenue guidance to $1.02B–$1.04B, marking the first time the company expects to cross the $1.0B threshold.
Material Margin Expansion and Strong Adjusted EBITDA
Adjusted EBITDA was $51.5M (19.8% of sales), more than double the prior-year quarter ($25.4M) and a sequential increase of 36% versus Q1. Adjusted operating margin expanded to 16.6% from 8.9% in the prior year period.
Record Bookings and Backlog Providing Visibility
Q2 bookings were an all-time high of $306M (four-quarter booking run: $210M, $257M, $290M, $306M). Aerospace backlog ended the quarter at a record $657.2M and Test Systems backlog was $123.3M, supporting revenue visibility into H2 and beyond.
Aerospace Segment Strength
Aerospace sales were a record $237.3M, up $43.7M or 22.6% YoY. Key product growth: IFE&C +19% to $126M, Flight critical electrical power +49.4% to $23.7M, Heat Motion up $12M to $22.2M (including $5.9M from BMA). Aerospace operating profit was $48.3M (20.3% of sales), a meaningful improvement from $18.0M (9.3%) in the prior year period.
Significant Defense/Test Program Awards
Q2 included a $27.4M booking for FLRAA MV-75 development and a production go-ahead Army radio test order (4549/T) of ~$44.7M covering deliveries over ~18 months. Test Systems bookings were $63.1M for a book-to-bill of 2.78.
Improved Profitability Drivers — Pricing, Efficiency, Simplification
Management cited repricing of long-term contracts (estimated ~75%-80% through major adjustments), lower turnover (roughly half pandemic peak; many sites below 10%), production consolidation (7 sites closed/consolidated) and better overhead absorption as key drivers of margin improvement.
Cash Generation, Deleveraging and Liquidity
Q2 cash from operations was $30.1M. Long-term debt reduced by $24.1M from year-end to $310.3M. Available liquidity was $253.2M and management expects to be free cash flow positive for the remainder of the year. Full-year CapEx expected $40M–$45M.
Tax/Balance Sheet Tailwinds
Tax expense benefited from a partial release of valuation allowance and tax law changes; management expects additional valuation allowance release potential of approximately $40M–$50M if future taxable income evidence is sufficient.
Successful Integration and Revenue Contribution from Acquisition
The BMA acquisition (Oct 2025) contributed approximately $5.9M to Heat Motion sales in Q2, supporting segment growth and broadened product content.
ATROB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed