Aercap Holdings (AER)
NYSE:AER
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
4Last Year’s EPS
2.83Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strong operational and financial quarter with record adjusted earnings, high ROE, meaningful liquidity, disciplined capital allocation (buybacks and opportunistic orders), and an improved full-year outlook. Management acknowledged external risks—chiefly sustained elevated jet fuel and regional geopolitical disruptions—that could pressure airline profitability, used-asset values and lease rate dynamics if prolonged. However, current flight reductions remain minimal, AerCap's portfolio is heavily weighted to new-technology aircraft (limited exposure to older assets), leverage is conservative, and management emphasized readiness to pursue accretive opportunities, suggesting that positives materially outweigh the risks at this time.Company Guidance
Record Earnings and Returns
GAAP net income of $818 million ($4.96/share) and record adjusted net income of $889 million ($5.39/share). Adjusted return on equity was a record 19.4% (GAAP ROE ~18%).
Strong Lease Activity and Transaction Volume
Closed 286 transactions in Q1 including 202 lease agreements and sale of 41 owned assets. Lease extension rate was 87% and 57% of lease agreements were signed in March, indicating continued customer engagement despite geopolitical uncertainty.
Robust Asset Sales and Attractive Sale Margins
Sold 41 owned assets for $1.5 billion in sales revenue in Q1, generating a net gain on sale of $291 million and an unlevered gain-on-sale margin of 24% (equivalent to 1.9x book value).
Improved Full-Year Guidance and Shareholder Returns
Raised full-year adjusted EPS guidance to approximately $14.50 per share (including $1.50 of Q1 gains-on-sale). Repurchased $745 million of shares (5.4 million shares) in Q1 and authorized a new $1 billion share repurchase program.
Strong Liquidity and Conservative Leverage
Entered Q2 with a net debt-to-equity leverage ratio of 2.1x, approximately $21 billion of total liquidity, and more than $3 billion of excess capital. Sources-to-uses coverage was 2x with roughly $10 billion of excess cash coverage.
Low Secured Debt and Stable Cost of Debt
Secured debt to total assets declined to an all-time low of 9% from 10% last quarter (1 percentage-point decrease). Average cost of debt remained stable at 4.1%.
Backlog Expansion and Strategic New-Technology Orders
Added 110 aircraft to backlog in Q1 and executed a large order (~100 aircraft) in March with a delivery stream starting in 2028; deal highlighted AerCap's engine-leasing strength and ability to secure attractive delivery slots.
Operating Cash Flow and Net Maintenance Contribution
Operating cash flow of $1.4 billion for the quarter. Maintenance revenues were elevated at $190 million with net maintenance contribution of $138 million (timing-driven), expected to remain high through H1 before normalizing in H2.
AER Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AER Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $137.13 | $138.11 | +0.71% |
Feb 06, 2026 | $143.61 | $139.69 | -2.73% |
Oct 29, 2025 | $120.43 | $131.01 | +8.79% |
Jul 30, 2025 | $111.89 | $108.28 | -3.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Aercap Holdings (AER) report earnings?
Aercap Holdings (AER) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Aercap Holdings (AER) earnings time?
Aercap Holdings (AER) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AER EPS forecast?
AER EPS forecast for the fiscal quarter 2026 (Q2) is 4.
