AEVEX Corp · Q1 2026 earnings

Briefing

AEVEX Corp reported strong revenue growth and a return to profitability in Q1 2026 driven by its Tactical Systems segment.

AEVEX Corp, through its subsidiary Athena Technology Solutions Holdings, LLC, achieved total revenue of $216.7 million for the three months ended March 31, 2026, a significant increase from the prior year. The company recorded net income of $21.0 million and operating income of $29.6 million, reflecting improved execution on major programs. Gross profit margin expanded substantially to 26.1% as product revenue scaled.

• Total revenue reached $216.7 million, up 307% year-over-year, primarily from Tactical Systems UAS products.
• Net income of $21.0 million and operating income of $29.6 million marked a turnaround from prior-year losses.
• Gross profit increased to $56.5 million with margin expansion to 26.1% due to favorable program mix.
• Funded backlog stood at $356.6 million, with 93% expected to convert to revenue in the remainder of 2026.

Headline financials

Revenue & EPS history

The company completed its IPO and debt refinancing in April 2026, positioning it for continued growth in defense technology programs.