Madison Air jumps after Q1 2026 earnings and fresh full-year guidance
Madison Air Solutions reported first-quarter 2026 results this morning and issued full-year 2026 guidance. The update included 33.8% net sales growth to $923.7M, 38.7% adjusted EBITDA growth to $233.4M, and FY2026 net sales guidance of $3.75–$3.85B.
1. What happened today (May 12, 2026)
Madison Air Solutions released its first-quarter 2026 earnings update pre-market on May 12, 2026, providing both quarterly results and full-year 2026 guidance.
2. Key numbers investors are reacting to
The company reported Q1 2026 net sales of $923.7 million (+33.8% year-over-year), GAAP net income of $43.0 million (down 6.9%), adjusted net income of $92.5 million (+32.1%), and adjusted EBITDA of $233.4 million (+38.7%) with a 25.3% margin. It also highlighted backlog up 115.5% and orders up 29.1% on a combined basis, alongside free cash flow of $50.4 million.
3. Guidance and balance-sheet context
Madison Air guided for full-year 2026 net sales of $3.75–$3.85 billion and adjusted EBITDA of $1.02–$1.065 billion. The release also reiterated that April 2026 IPO and concurrent private placement net proceeds were largely used to repay term loans, a detail investors may connect to future leverage and interest expense expectations.