Astronics (ATRO)
NASDAQ:ATRO
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.67Last Year’s EPS
0.04Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive operational and financial momentum: strong top-line growth (Q1 sales +12%), record bookings and backlog, raised full-year guidance, and meaningful margin expansion. Key strategic drivers (IFEC demand, rising aircraft production rates, seat motion growth and an expected Army test program) underpin the upside. Offsetting items include weaker operating cash flow due to inventory build, low cash balances versus significant debt, tariff and component cost pressure, elevated CapEx/ERP spending, and some margin sensitivity to program accounting adjustments. Overall, the positive growth, margin improvement, record bookings/backlog and raised guidance materially outweigh the near-term liquidity and cost headwinds.Company Guidance
Revenue Growth and Quarterly Record
Q1 revenue of $231 million (Pete cited ~$230M), up 12% year-over-year from $206 million; second-highest quarterly sales ever and at the high end of guidance.
Record Bookings and Backlog
Record bookings of about $290 million in the quarter (book-to-bill ~1.26) and record backlog of $734 million, providing near- to mid-term revenue visibility.
Raised Full-Year Guidance
Increased 2026 revenue guidance to $970 million–$1.0 billion (up from $950 million–$990 million); midpoint implies ~14% organic growth vs. 2025 and high end ~16%.
Margin Expansion and Profitability Improvement
Adjusted EBITDA $37.9 million, up 23.3% YoY (from $30.7M); adjusted EBITDA margin expanded to 16.4% (up ~150 bps). Gross profit $75M (32.6% of sales), up ~310 bps YoY. Adjusted operating margin 12.8% (up ~180 bps).
Strong Aerospace Segment Performance
Aerospace sales $213.8 million, up 11.7% YoY. Commercial transport +13.7% to $156.4M; IFEC $110.7M (+7.4%) representing ~48% of sales; flight-critical electrical power +16.2% to $24.8M; seat motion nearly +200% to $13.2M. Aerospace operating profit improved to $35.3M (16.5% of sales).
Test Systems Momentum and Army Program Opportunity
Test Systems sales $16.8M (+15.4% YoY) with segment operating profit ~ $0.4M; bookings $26.1M (book-to-bill 1.55) and backlog $83M. Management expects the U.S. Army radio test program to move into production, targeting roughly $20M contribution in H2 2026 and a potential full program run-rate of $40M–$50M.
Improved Financial Efficiency
Income from operations more than doubled to $27.2M from $13.1M; net income $25.5M ($0.67 diluted) vs $9.5M ($0.26) prior year. Interest expense fell ~25.8% to $2.3M following 2025 refinancing. Weighted average diluted shares decreased to 38.2M from 43M (boosts EPS).
Operational Progress and Strategic Investments
Ongoing productivity and consolidation initiatives (successful Seattle relocation), continued R&D investment (~$12M in Q1), and planned ERP and capacity investments to support growth.
ATRO 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
ATRO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | $78.26 | $80.09 | +2.34% |
Feb 24, 2026 | $79.39 | $78.84 | -0.69% |
Nov 04, 2025 | $47.99 | $47.35 | -1.33% |
Aug 06, 2025 | $35.37 | $30.01 | -15.15% |
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 Astronics (ATRO) report earnings?
Astronics (ATRO) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Astronics (ATRO) earnings time?
Astronics (ATRO) earnings time is at Jul 30, 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 ATRO EPS forecast?
ATRO EPS forecast for the fiscal quarter 2026 (Q2) is 0.67.
