AEVEX's Q3 revenue jumps 56.5% on segment growth, raises 2026 outlook
AVEX•AEVEX's third-quarter revenue rose 56.5% year over year to $189.7 million, while it posted a $16.76 million net loss. The company raised its 2026 revenue outlook to $820 million-$840 million and adjusted EBITDA outlook to $128 million-$132 million.
1. Revenue and loss
AEVEX reported third-quarter revenue of $189.7 million, up 56.5% year over year, with growth in Airborne and Maritime Systems. It posted a net loss of $16.76 million, mainly due to a higher tax provision and selling, general and administrative expenses.
2. Outlook raised
The company raised its 2026 revenue outlook to $820 million-$840 million from $700 million-$720 million. It now expects adjusted EBITDA of $128 million-$132 million, up from $105 million-$111.5 million.
3. Segment performance
Higher revenue from unmanned aircraft systems products and support services drove Airborne Systems growth. BlackSea Technologies, which AEVEX acquired, boosted Maritime Systems revenue, while lower revenue from aircraft modifications and testing products weighed on Global Solutions.
