EarningsQ3 2026 Earnings Report
MX:TDG Q3 2026 EPS Results
Actual EPS$200.16
Consensus EPS$189.68
Beat/MissBeat by +$10.48
One Year Ago EPS$176.78
MX:TDG Q3 2026 Revenue Results
Actual Revenue$50.49B
Expected Revenue$49.30B
Beat/MissBeat by +$1.19B
YoY Revenue Growth+22.63%
Earnings Announcement Details
QuarterQ3 2026
Date08/04/2026
TimeBefore Open
Conference CallTuesday, August 4, 2026
MX:TDG Upcoming Earnings
Transdigm Group's next earnings date is estimated for November 18, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
MX:TDG Q3 2026 Earnings Call
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Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong, broad-based revenue growth across commercial OEM, commercial aftermarket, and defense, accompanied by robust cash flow, raised full-year guidance, active accretive M&A, and significant share repurchases. Headwinds were largely transaction-related (Stellant withdrawal) and short-term margin dilution from recent acquisitions, along with elevated leverage and working capital consumption. Management framed regulatory and geopolitical exposures as monitored risks but not currently material. Overall, positive operational and financial momentum outweighs the manageable near-term challenges.Company Guidance
Raised Full-Year Guidance
Raised fiscal 2026 guidance: revenue midpoint to $10.51B (≈ +19% YoY), EBITDA As Defined midpoint to $5.52B (≈ +16% YoY) and adjusted EPS midpoint to $41.04; sales guidance increased ~$150M and EBITDA guidance increased ~$100M at the midpoint.
Strong Q3 Financial and Margin Performance
Q3 EBITDA As Defined margin was 52.8%, an improvement sequentially despite acquisition-related dilution; operating cash flow in Q3 exceeded $700M and company ended the quarter with nearly $2.8B in cash.
Robust Revenue Growth Across End Markets
Q3 revenue growth: commercial OEM ≈ +17% YoY (commercial transport OEM +25%), commercial aftermarket ≈ +17% YoY (commercial transport aftermarket +18%), and defense ≈ +11% YoY.
Healthy Organic Growth and Bookings
Organic growth rate in Q3 was approximately 13%; commercial OEM and aftermarket bookings outpaced sales with commercial transport bookings posting double-digit growth, supporting forward visibility.
Strong Free Cash Flow and Liquidity
Free cash flow for Q3 ≈ $870M (YTD $2.1B) and full-year free cash flow guidance raised to ≈ $2.6B (from $2.5B); net debt-to-EBITDA ~5.8x and EBITDA-to-interest coverage ≈ 3x, with ~75% of $33.7B gross debt fixed through fiscal 2029.
Active, Accretive M&A
Announced agreement to acquire Prince & Izant for approximately $1.1B (expected ≈ $360M revenue in 2026 calendar year); other recent acquisitions (Simmonds, Jet Parts, Victor Sierra) closed or progressing ahead of expectations; stated M&A capacity in excess of $10B.
Shareholder Returns via Repurchases
Opportunistically repurchased about $980M of stock in the quarter (~800,000 shares at average ~$1,208/share), bringing year-to-date repurchases to $1.8B; repurchase activity consistent with targeted return criteria.
New Product Wins and Innovation
Multiple technology/product awards and developments (touch-free lavatory suite, fighter aircraft battery replacement, electromechanical actuator for unmanned combat aircraft, audio indicator for DACS) expected to deliver meaningful new revenue over the next 1–3 years.
MX:TDG 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