SkyWest (SKYW)
NASDAQ:SKYW
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.81Last Year’s EPS
2.91Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a generally positive operational and strategic trajectory: solid Q1 profitability (GAAP net income $102M, EPS $2.50), revenue growth (+7% YoY), strong free cash flow and a $1 billion reduction in debt since 2022, plus meaningful fleet growth plans (E175 orders and CRJ450/CRJ550 programs) and high operational performance (3rd in DOT on-time). Offsetting these positives are near-term pressures: lower ending cash, maintenance/MRO constraints increasing near-term costs, a sequential drop in leasing revenue, and a modest scaling back of summer production expectations driven by partner schedules and elevated fuel costs impacting guidance. Overall, the company portrays durable fundamentals and strategic optionality that outweigh the near-term operational and cost headwinds.Company Guidance
Profitability and EPS
GAAP net income of $102 million in Q1 2026, or $2.50 diluted EPS, slightly better than Q1 2025; Q1 pretax income was $108 million. Management expects full-year 2026 GAAP EPS in the low-to-mid $11 range and directional quarterly progression: Q2 slightly above Q1, Q3 above Q2 (seasonally strongest), Q4 modestly below Q3.
Revenue Growth
Total Q1 revenue of $1.01 billion, up 7% year-over-year from $948 million in Q1 2025. Contract revenue $810 million (up ~3.2% YoY). Prorate and charter revenue $168 million, up $37 million YoY (approximately +28.2%).
Fleet Growth and Product Innovation
Received one E175 in Q1 and expects eight more in 2026; 68 E175s on firm order (24 allocated to partners, 44 unassigned) with delivery slots through 2032. Announced CRJ450 prototype (41-seat reimagined CRJ200) launching with United this fall and plan to retrofit ~100 CRJ450s; 29 CRJ550s in service with 21 more expected in 2026. Management targeting nearly 300 E175s by 2028.
Operational Performance & On-Time Ranking
Q1 block hours increased 3% year-over-year. DOT full-year 2025 on-time performance ranking placed SkyWest Airlines third nationally — cited as an operational achievement despite winter storms.
Balance Sheet Strength & Cash Generation
Generated nearly $1 billion in free cash flow over the last two years. Total debt is $1 billion lower than at the end of 2022. Ended Q1 with $627 million cash and continue to deploy cash toward fleet investment, debt reduction and opportunistic buybacks.
Capital Deployment and Share Repurchase
Q1 capital activity included $102 million CapEx (including one E175), $116 million debt repayment and $118 million new debt issuance. Purchased 783,000 shares for $75 million in Q1 and have $138 million remaining under current repurchase authorization.
Revenue Stability from Contract Extensions
Multiyear extensions secured for E175 flying (40 with United, 13 with Delta) and contract extensions with United and Delta provide revenue stability; no major E175 contract expirations until late 2028.
Disciplined Fleet Flexibility
Management emphasized fleet diversity and flexibility (CRJ, ERJ, E175) as differentiators to adapt to market demand, with 44 unassigned E175s allowing optionality and the ability to redeploy ~20 dual-class CRJ aircraft into scheduled service.
SKYW 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
SKYW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $92.75 | $86.09 | -7.18% |
Jan 29, 2026 | $101.53 | $96.52 | -4.93% |
Oct 30, 2025 | $95.12 | $100.48 | +5.63% |
Jul 24, 2025 | $111.17 | $112.30 | +1.02% |
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 SkyWest (SKYW) report earnings?
SkyWest (SKYW) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).
What is SkyWest (SKYW) earnings time?
SkyWest (SKYW) earnings time is at Jul 23, 2026, After Close (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 SKYW EPS forecast?
SKYW EPS forecast for the fiscal quarter 2026 (Q2) is 2.81.