Ireland's AerCap Q3 adjusted EPS beats estimates, revenue up 5%
AER•AerCap's third-quarter adjusted EPS was $6.56, beating the $4.16 analyst consensus, while revenue rose 5% year over year. The company raised its 2026 adjusted EPS guidance to about $20.70 and announced a new $1 billion share repurchase program.
1. Quarterly results
AerCap reported third-quarter adjusted EPS of $6.56, compared with analyst expectations of $4.16. Revenue rose 5% year over year, driven by higher maintenance rents and gains from asset sales.
2. Key drivers
Maintenance rents and other receipts increased 31% year over year, including $35 million of maintenance rights asset amortization. AerCap sold 70 owned assets for $1.1 billion, and net gains on asset sales rose 6%. Leasing expenses increased to $131 million from $93 million a year earlier.
3. Outlook and repurchases
AerCap raised its full-year 2026 adjusted EPS guidance to about $20.70, before any fourth-quarter gains on sale. It expects a full-year effective tax rate of about 15%, excluding discrete items, and said commercial aviation supply-demand dynamics remain favorable despite higher fuel prices. The company announced a new $1 billion share repurchase program in the third quarter.
