AEVEX shares jump after third-quarter revenue beats estimates and outlook is raised

what happened

AEVEX Corp. shares climbed roughly 11% in extended trading on Wednesday after the defense technology company released third-quarter results, Seeking Alpha reported. Revenue jumped more than 56% to $189.7 million from $121.2 million a year earlier, topping the analyst consensus by $38.82 million. The company posted a net loss of $16.8 million, or $0.40 per share, after a net profit of $9.9 million a year ago. The per-share loss was $0.49 worse than the expected $0.09 profit, mainly because income tax expense rose by $41.7 million and administrative costs increased.

AEVEX lifted its 2026 revenue forecast to $820 million to $840 million from $700 million to $720 million, above the consensus of $754.55 million. Its adjusted EBITDA outlook was raised to $128 million to $132 million. Unmanned systems led the growth: Airborne Systems revenue rose 67.1% to $147.8 million, while Maritime Systems climbed to $14.4 million from $2 million after the September acquisition of BlackSea Technologies.

why it matters

The report points to steady demand for unmanned and autonomous military systems as governments invest in drones. Free cash flow turned positive at $34.6 million for the first nine months, compared with negative $20.3 million a year earlier, giving the company more financial room as it expands production and integrates acquisitions.

market impact

AEVEX shares and drone makers: strong revenue and a higher forecast support the stock

• ▲AEVEX shares pressure up — revenue beat and raised forecast support the stock

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instruments