Astronics Revenue Jumps 28.5% to $271.7 Million in Third Quarter
Key Facts
Astronics reported third-quarter 2026 results on November 10, with revenue of $271.7 million and adjusted earnings per share of $0.81, beating analysts’ estimates of $268.0 million and $0.72, respectively. Sales rose 28.5% from the same period a year earlier, while adjusted earnings per share increased 98% year over year, according to MarketCatalyst. The figures showed growth exceeding the company’s previous quarterly sales forecast of between $265 million and $275 million, according to guidance published before the results. The announcement followed annual sales growth of 27% in the second quarter, when sales reached a record, according to its August statement. The results place the third quarter in a sustained sales growth trajectory alongside an expansion in operating activity.
Operating income reached $54.0 million, a record level equal to 19.9% of sales, while adjusted operating income was $51.0 million, with a margin of 18.8%, according to data published by MarketScreener citing Business Wire. The difference between the two figures highlights the impact of items excluded from the adjusted measure, while both margins remained high relative to the quarter’s reported revenue. The aerospace segment accounted for the largest share of activity, with record sales of $245.5 million. The segment posted an operating margin of 23.4% and an adjusted margin of 22.5%. These figures reflect the aerospace segment’s contribution to overall revenue and profitability growth during the quarter.
Bookings during the quarter were $271.1 million, producing a book-to-bill ratio of 1.00, while the backlog stood at $780.0 million at period-end, according to the company statement republished by MarketScreener. A ratio of 1.00 means quarterly bookings equaled billings under the company’s measure. The backlog at the end of the second quarter was $780.6 million, and the company then expected about 82% of it to support revenue over the following twelve months. Its earlier guidance also forecast third-quarter sales of between $265 million and $275 million, a range that included the actual result of $271.7 million. Bookings and backlog provide an indication of contracted business activity alongside revenue recognized during the quarter.
In trading, the company’s shares rose 1.5% in after-hours trading at 4:15 p.m. Eastern time on November 10, to $62.92 from the session close of $62.00, according to MarketCatalyst. The stock had closed at $58.99 on November 9, according to EL7 data. The price movement reported here is limited to the previous close and after-hours data on the day results were announced, and does not include the session’s high or low. The gain came after revenue and adjusted earnings per share beat analysts’ estimates. At the same time, the company kept its fiscal 2026 revenue outlook unchanged at between $1.02 billion and $1.04 billion.
The chief executive said demand was strong across markets, adding: "We expect momentum to continue as we enter the final quarter of the year," according to the company statement. Before announcing the results, Astronics had indicated it expected modest improvement in fourth-quarter revenue compared with the third quarter, based on the size of its backlog and its expected distribution across future revenue. The company is scheduled to hold its third-quarter results call on November 10, 2026, at 4:45 p.m. Eastern time. The call is the scheduled time to present and discuss the results after their publication, while the company kept its annual revenue forecast within the announced range. The full-year outlook remains at $1.02 billion to $1.04 billion under the guidance the company reaffirmed.