Ireland's AerCap Q2 adjusted EPS beats on asset sales
AER•Outlook
- AerCap raises 2026 adjusted EPS guidance to ~$16.80, excluding further gains on sale
- Company expects sustained demand for air travel and ongoing aircraft supply constraints to support results
Overview
- Ireland aviation lessor's Q2 revenue rose 15% yr/yr, driven by lease and asset sale gains
- Adjusted EPS for Q2 beat analyst expectations
- Company raised full-year 2026 adjusted EPS guidance
Result drivers
- Asset sales - Net gain on sale of assets rose sharply, with $223 mln in gains from 38 owned assets sold in Q2
- Maintenance receipts - Maintenance rents and other receipts increased 54% yr/yr to $177 mln in Q2
- Lower interest expense - Interest expense excluding mark-to-market of interest rate derivatives fell 7% yr/yr to $471 mln in Q2
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Adjusted EPS | Beat | $5.14 |
