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Astronics Corporation Class B (ATROB) Q3 2026 Earnings Report

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ATROB Q3 2026 EPS Results

Actual EPS
$0.81
Consensus EPS
$0.72
Beat/Miss
Beat by +$0.09
One Year Ago EPS
$0.39

ATROB Q3 2026 Revenue Results

Actual Revenue
$271.68M
Expected Revenue
$267.97M
Beat/Miss
Beat by +$3.71M
YoY Revenue Growth
+28.49%

Earnings Announcement Details

Quarter
Q3 2026
Date
11/10/2026
Time
After Close
Conference Call
Tuesday, November 10, 2026
ATROB Upcoming Earnings

Astronics Corporation Class B's next earnings date is estimated for March 3, 2027, based on past reporting schedules.

Q3 2026 Earnings Call Audio

ATROB Q3 2026 Earnings Call
0:00 / 0:00

Q3 2026 Earnings Slide Deck

No slide deck is available for this earnings event.

Q3 2026 Earnings Call Summary

Q3 2026
Earnings Call Date:Nov 10, 2026|% Change Since:-3.32%|
Earnings Call Sentiment|Positive

The call was strongly positive overall. Astronics reported record quarterly sales, substantial year-over-year earnings and margin expansion, record aerospace backlog, strong demand across both segments, debt reduction, and a preliminary 2027 outlook for growth well north of 10%. The company also noted several risks, including a wider fourth-quarter revenue range, MV-75 replanning, supply-chain constraints, lumpy defense bookings, and macroeconomic uncertainty, but management stated that demand remains strong and that no significant backlog stretch or customer deferrals are currently present.

Company Guidance

Astronics is maintaining its 2026 revenue guide of $1.02 billion to $1.04 billion, implying growth of 19.5% over 2025 at the midpoint and fourth quarter revenue of $255 million to $275 million; R&D is expected to normalize in the near future in a range of 4%-5% of sales, full year CapEx is expected to be in the range of $25 million to $30 million, and a potential additional deferred tax asset valuation allowance release is approximately $35 million to $40 million. For 2027, the company has no official guidance ready but expects another year of strong double digit growth, clarified as “Something well north of 10%,” with continued strength in the bottom line and incremental margin expectations trending around 40%; the 4.55 thousand/T program is expected to approximately double its quarterly rate by full-rate production in early 2027, test systems are expected to generate about 9 million to $10 million per quarter for this program, and MV-75 revenues are expected to be closer to the $35 million mark for 2026 and, for 2027, the best guess is to hold it kind of at that rate.

  • Record Third-Quarter Sales and ProfitabilityThird-quarter sales reached a record $272 million, up 28.5% from the prior-year period. Adjusted operating income was $51 million, or 18.8% of sales, while adjusted EBITDA increased over 81% to $59.3 million, with adjusted EBITDA margin reaching 21.8% compared with 15.5% last year and 19.8% in the trailing second quarter.
  • Strong Year-to-Date Growth and Margin ExpansionYear-to-date sales were $762 million, up 22% from the prior year. Year-to-date operating margin improved from 0.6% last year to 16% this year, while adjusted EBITDA was $149 million, or 19.5% of sales, compared with 14.3% of sales last year.
  • Record Aerospace PerformanceAerospace sales reached a record $246 million, up 27.4% from the prior-year period, with growth across all major markets. Commercial transport sales increased 29%, general aviation sales increased 52%, and military aircraft sales increased 5%.
  • Aerospace Margin and Operating Profit ImprovementAerospace operating profit was $57 million, or 23.4% of sales, compared with $31.2 million, or 16.2% of sales, in the prior-year quarter. Adjusted aerospace operating profit increased 71.5% to a record $55.1 million, and adjusted aerospace operating margin reached 22.5%, up 580 basis points year over year and from 21.4% in the second quarter.
  • Aerospace Backlog and Bookings GrowthAerospace bookings were $258 million, producing a 1.05 book-to-bill ratio. Aerospace backlog ended the quarter at a record $670 million, up from $657 million at the end of the second quarter.
  • In-Flight Entertainment and Connectivity GrowthIn-flight entertainment and connectivity sales increased 24%, or $25.2 million, to $131 million, reflecting strong demand in commercial transport and general aviation for connectivity and passenger power products.
  • Seat Motion Growth and Premium Seating DemandSeat motion sales more than doubled, increasing by $13.2 million to $24.9 million. The year-over-year comparison included a $400 thousand contribution from BMA, indicating strong organic growth, supported by airlines' continued investments in premium seating.
  • Growth in Lighting, Safety, and Electrical PowerLighting and safety sales increased 17% to $61.6 million, driven primarily by improved build rates. In-flight critical electrical power sales increased 25% to $20.9 million from higher demand for airframe power products, due in part to the MV-75 FLRAA program.
  • Test Systems ImprovementTest systems sales were $26.2 million, up $7.5 million, or 40%, from the prior-year period. Operating profit was $3 million, or 14.7% of sales, compared with approximately breakeven in the prior-year quarter and approximately $600 thousand in the second quarter.
  • U.S. Army Radio Test Program RampThe U.S. Army 4.55 thousand/T radio test program contributed $5.3 million of test systems sales in the quarter. The program is expected to approximately double that quarterly rate by full-rate production in early 2027, with the company continuing to expect approximately $9 million to $10 million per quarter for the program.
  • Test Systems Demand and BacklogTrailing 12-month test systems bookings totaled $122 million, representing a 1.41 book-to-bill ratio. Test systems backlog ended the quarter at $110 million.
  • Margin Improvement Initiatives ContinueThe company said higher sales volume, repricing of long-term contracts to cover inflation, improved productivity and efficiency, and simplification or portfolio-shaping initiatives have all contributed to margin improvement. Management stated that each margin lever still has room to run.
  • Improved Net Income and Adjusted EarningsNet income was $52.2 million, or $1.08 per diluted share, compared with a net loss of $11.1 million, or $0.02 per diluted share, last year. Adjusted net income increased to $38.9 million from $19.4 million, while adjusted earnings per diluted share nearly doubled to $0.81 from $0.41.
  • Gross Profit and SG&A ImprovementGross profit increased 46% to $94 million, or 34.6% of sales, with gross margin expanding 410 basis points. SG&A expense declined approximately $5 million year over year to $30.7 million, or 11.3% of sales versus 14.8% last year.
  • Lower Interest ExpenseInterest expense declined approximately $1.1 million, or 37.1%, to $1.8 million, reflecting lower debt balances and reduced interest rates following the September 2025 refinancing activities.
  • Cash Generation and Debt ReductionThe company generated $25.8 million in cash from operations during the third quarter. Long-term debt decreased $25.5 million from the end of the second quarter to $285 million, and had declined $49.7 million since year-end. Available liquidity at quarter-end was $278 million.
  • 2026 Revenue Guidance MaintainedManagement maintained its 2026 revenue guidance of $1.02 billion to $1.04 billion. At the midpoint, this implies growth of 19.5% over 2025 and fourth-quarter revenue of $255 million to $275 million.
  • Strong 2027 Growth OutlookManagement said it is zeroing in on another year of strong double-digit growth in 2027, explicitly describing the expectation as well north of 10%, with continued strength in the bottom line.
  • Multiple Growth Drivers for 2027Management cited increasing aircraft build rates, adoption of advanced connectivity systems, advanced flight-critical electrical power systems, premium aircraft seating, the 4.55 thousand/T test program, continued maturation of eVTOL, potential missile-program opportunities, and related follow-on defense awards as drivers of future growth.
  • Positive Position in Premium Aircraft SeatingManagement described a significant shift toward high-end seating, with major airlines offering new premium options. Astronics was described as a leading provider of motion systems used by seat companies worldwide, with the category up approximately 40% so far this year.
  • LEO Connectivity OpportunityManagement said there is increasing recognition that LEO connectivity systems offer a level of performance that geo-based systems are hard pressed to meet. Astronics is pursuing opportunities spanning engineering and certification as well as related hardware sales.
  • Capacity and Customer Demand ManagementThe company said it currently has capacity to meet demand for seat motion systems and is evaluating ways to increase capacity over the level expected to be needed over the next year and a half. It is shipping at approximately the high thirties shipsets per month and said it is keeping up with demand.
  • Expected Incremental MarginManagement said incremental margin on incremental sales has been trending around 40% and remains a realistic level to target in 2027 based on the cited sales and profit drivers.
  • Capital Investment Maintained for GrowthFull-year capital expenditure guidance was reduced to $25 million to $30 million from $40 million to $45 million because of project timing. Management stated that the reduction reflected timing of planned projects rather than a change in investments needed to support growth.

ATROB Earnings History

ATROB earnings history
Report DateFiscal QuarterForecast / EPSLast Year's EPSEPS YoY ChangePress Release
Mar 03, 20272026 (Q4)0.72-0.6――
Nov 10, 20262026 (Q3)0.720.810.39107.16% (+0.42)
Aug 11, 20262026 (Q2)0.590.700.032087.50% (+0.67)
May 12, 20262026 (Q1)0.450.470.21127.54% (+0.26)
Feb 24, 20262025 (Q4)0.480.60-0.061034.38% (+0.66)
Nov 04, 20252025 (Q3)0.340.39-0.27244.28% (+0.66)
Aug 06, 20252025 (Q2)0.260.030.030.00% (+0.00)
May 06, 20252025 (Q1)―0.21-0.07387.50% (+0.28)
Mar 04, 20252024 (Q4)0.21-0.060.16-140.00% (-0.22)
Nov 06, 20242024 (Q3)0.14-0.27-0.4133.42% (+0.14)

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