Revenue: As of FY2026 Q1, the actual value is USD 216.69 M.EPS: As of FY2026 Q1, the actual value is USD 0.22.EBIT: As of FY2026 Q1, the actual value is USD 36.06 M.AEVEX Corp. announced its financial results for the first quarter ended March 31, 2026 .<h4>Financial Highlights</h4>Net income for Q1 2026 was $21.0 million, a significant improvement compared to a net loss of - $27.3 million in Q1 2025 . The net income margin was 9.7% in Q1 2026, compared to a net loss margin of -51.3% in Q1 2025 . Adjusted EBITDA was $36.4 million in Q1 2026, up from - $13.4 million in Q1 2025 . The Adjusted EBITDA Margin was 16.8% in Q1 2026, compared to -25.1% in Q1 2025 .<h4>Segment Performance</h4>Tactical SystemsSegment revenue increased to $190,797 thousand in 2026 from $29,451 thousand in 2025, primarily driven by $161.0 million of higher revenue from UAS products . Segment Adjusted EBITDA rose to $38,521 thousand in 2026 from - $9,867 thousand in 2025 . The Segment Adjusted EBITDA Margin was 20.2% in 2026, compared to -33.5% in 2025 .Global SolutionsSegment revenue increased to $25,896 thousand in 2026 from $23,807 thousand in 2025, mainly due to $4.3 million of higher revenue from aircraft modifications and testing products and services, partially offset by $2.2 million of lower revenue from mission support, intelligence, surveillance, and reconnaissance services . Segment Adjusted EBITDA increased to $4,201 thousand in 2026 from - $2,103 thousand in 2025 . The Segment Adjusted EBITDA Margin was 16.2% in 2026, compared to -8.8% in 2025 .<h4>Key Operational Metrics (Three Months Ended March 31, in thousands)</h4>Gross Profit was $56,494 in 2026 compared to $3,062 in 2025, with products gross profit increasing by $49.4 million and services gross profit by $4.0 million . Total operating expenses were $26,871 in 2026, up from $23,379 in 2025 . Selling, general, and administrative expenses were $19,412 in 2026, compared to $8,588 in 2025 . Research and development expenses decreased to $3,337 in 2026 from $9,490 in 2025 . Income from operations was $29,623 in 2026 compared to a loss of - $20,317 in 2025 . Net income attributable to Athena Technology Solutions Holdings, LLC was $20,926 in 2026, compared to a net loss of - $27,329 in 2025 . Net income per Class A unit (Basic and diluted) was $0.22 in 2026, compared to - $0.31 in 2025 .<h4>Cash Flow (Three Months Ended March 31, in thousands)</h4>Net cash used in operating activities was - $10,351 in 2026, an improvement from - $20,148 in 2025 . Net cash used in investing activities was - $1,750 in 2026, compared to - $3,720 in 2025 . Net cash provided by financing activities was $11,642 in 2026, compared to net cash used of - $748 in 2025 . Cash and cash equivalents at the end of the period were $27,449 in 2026, compared to $20,987 in 2025 .<h4>Funded Backlog</h4>Funded backlog as of March 31, 2026, was $356,623 thousand, a decrease from $503,123 thousand as of December 31, 2025 . This decrease was primarily due to revenue recognized for the EUCOM AOR Deep Strike program . AEVEX Corp. expects to convert approximately 93.0% of the $356.6 million funded backlog as of March 31, 2026, into revenue during the remainder of 2026 . Approximately 73.9% of the total dollar value of the funded backlog as of March 31, 2026, related to the U.S. Government .<h4>Outlook for Full Year 2026</h4>AEVEX Corp. anticipates total revenue for the full fiscal year 2026 to be between $600.0 million and $620.0 million . Adjusted EBITDA for the full year is projected to range from $88.0 million to $94.5 million . Additionally, the company estimates depreciation and amortization of approximately $21.3 million and interest expense of approximately $13.2 million for the year ending December 31, 2026 .

Aevex | 8-K: FY2026 Q1 Revenue: USD 216.69 M