Ducommun Q1 Revenue Hits $209M; Net Income Soars 607% Year-over-Year
Ducommun reported Q1 2026 net revenue of $209 million, up 9% year-over-year, with gross margin expanding 70 bps to 26.9% and adjusted EBITDA rising 19% to $35.4 million (16.9% of revenue). Net income jumped 607% to $9.9 million ($0.64/share) while commercial aerospace revenue grew 18%.
1. First Quarter Financial Highlights
Ducommun’s net revenue for Q1 2026 reached $209.0 million, a 9% increase from Q1 2025, driven by higher volumes in key end markets. Gross profit rose to $56.2 million, representing a 26.9% margin, and adjusted EBITDA climbed 19% year-over-year to $35.4 million, or 16.9% of revenue.
2. Segment Performance and Profit Drivers
Commercial aerospace revenue surged 18% year-over-year, fueled by strong demand for Airbus A220, A320 and Boeing 737 MAX platforms and rotorcraft. Defense end markets also contributed with enhanced missile systems orders, notably the Patriot platform and increased fixed-wing aircraft activity on F-35 and F-15 programs.
3. Outlook and Vision 2027 Progress
Management highlighted continued margin expansion toward its Vision 2027 target of 18% adjusted EBITDA, with seven quarters remaining. While anticipating some inventory destocking in late 2026, the company expects momentum to accelerate in 2027-2028, supported by long-term defense contracts and recovering aerospace production.