Revenue: As of FY2026 Q2, the actual value is USD 259.96 M.

EPS: As of FY2026 Q2, the actual value is USD 0.75.

EBIT: As of FY2026 Q2, the actual value is USD 40.19 M.

Second Quarter 2026 Financial Highlights (Three Months Ended July 4, 2026)

Consolidated Performance

• Net income was $35,060 thousand, an increase of 2,568.2% compared to $1,314 thousand in the prior-year period.
• Gross profit increased by 64.5% to $86,897 thousand from $52,827 thousand in the prior-year period.
• Gross margin expanded to 33.4% from 25.8%.
• Income from operations reached $40,467 thousand, a 750.5% increase from $4,758 thousand in the prior-year period.
• Operating margin was 15.6%, up from 2.3%.
• Adjusted EBITDA was $51,549 thousand, a 102.9% increase from $25,408 thousand in the prior-year period.
• Adjusted EBITDA margin expanded to 19.8% from 12.4%.
• Interest expense decreased by 24.7% to $2,332 thousand, down $0.8 million from the prior-year period.
• SG&A expenses decreased by $0.9 million.
• R&D expenses were down $0.7 million.

Cash Flow and Liquidity

• Cash provided by operations was $30.1 million.
• Capital expenditures were $5.7 million.
• Long-term debt decreased by $24.1 million to $310.3 million at July 4, 2026, compared to the end of 2025.
• Available liquidity at quarter-end was $253.2 million, including $15.4 million in available cash and $237.8 million in revolver availability.

Bookings and Backlog

• Record quarterly bookings reached $306.2 million, resulting in a book-to-bill ratio of 1.18:1.
• Record backlog was $780.6 million, marking the third consecutive record backlog quarter.
• For the trailing twelve months, bookings totaled $1.06 billion, with a book-to-bill ratio of 1.13:1.

Year-to-Date 2026 Financial Highlights (Six Months Ended July 4, 2026)

Consolidated Performance

• Net income was $60,600 thousand, a 458.9% increase from $10,842 thousand in the prior-year period.
• Gross profit increased by 42.5% to $162,030 thousand from $113,676 thousand in the prior-year period.
• Gross margin was 33.0%, up from 27.7%.
• Income from operations was $67,697 thousand, a 278.3% increase from $17,895 thousand in the prior-year period.
• Operating margin was 13.8%, up from 4.4%.
• Adjusted EBITDA was $89,450 thousand, a 59.3% increase from $56,147 thousand in the prior-year period.
• Adjusted EBITDA margin was 18.2%, up from 13.7%.

Cash Flow

• Net cash provided by operating activities was $40,725 thousand, compared to $13,008 thousand in the prior-year period.
• Capital expenditures year-to-date were $16.9 million.

Segment Performance (Second Quarter 2026)

Aerospace Segment

• Sales increased by 22.6% to $237.3 million, including $5.9 million from the acquisition of Bühler Motor Aviation (BMA).
• Operating profit was $48.3 million, or 20.3% of sales.
• Adjusted Aerospace operating profit increased by 61.0% to $50.7 million, or 21.4% of sales.
• Bookings were $243.1 million, including a $27.4 million booking from the MV-75 FLRAA program.
• The book-to-bill ratio was 1.02:1.
• Record backlog for the Aerospace segment was $657.2 million.
• Sales by market included Commercial Transport sales of $177.006 million (21.6% increase), General Aviation sales of $27.603 million (50.3% increase), and Military Aircraft sales of $30.631 million (11.7% increase).
• Sales by product line included Inflight Entertainment & Connectivity sales of $126.008 million (19.0% increase), Lighting & Safety sales of $59.170 million (5.5% increase), Flight Critical Electrical Power sales of $23.660 million (49.4% increase), and Seat Motion sales of $22.186 million (117.1% increase).

Test Systems Segment

• Sales were $22.7 million, an increase of $11.6 million from the prior-year period.
• Operating profit was $0.6 million, compared to an operating loss of - $6.7 million in the prior-year period.
• Bookings were $63.1 million, including a $44.7 million order for the U.S. Army’s TS-4549/T Radio Test Sets Program.
• The book-to-bill ratio for the quarter was 2.78:1.
• Backlog for the Test Systems segment was $123.3 million.

Outlook / Guidance

Astronics Corporation is raising its 2026 revenue guidance to $1.02 billion to $1.04 billion, with third-quarter sales projected between $265 million and $275 million. Approximately 82% of the record $780.6 million backlog is expected to convert into revenue over the next twelve months. The company anticipates being free cash flow positive for the remainder of the year and expects planned capital expenditures to be in the range of $40 million to $45 million for 2026.