Applied Aerospace & Defense, Inc. reported its financial results for the third quarter ended September 30, 2026, achieving record revenue and significant year-over-year growth across its three core end markets.
For the three months ended September 30, 2026, the company reported consolidated revenue of $182.1 million, representing a 48.6% increase compared to the $122.5 million reported in the prior year period. The revenue growth was driven by strength across all key end markets, including contributions from acquisitions completed in 2026. Excluding the impact of these acquisitions, revenue increased by $24.9 million, or 20.3%.
Revenue disaggregated by end market for the third quarter of 2026 is as follows:
- Space and Launch Systems: $39.1 million
- Defense Aviation and Airborne Systems: $94.2 million
- Advanced Sensing and Precision Strike Systems: $48.7 million
Net income for the quarter was $30.6 million, resulting in diluted earnings per share of $0.18. The company also reported Adjusted EBITDA of $39.7 million, which increased by 37.4% year over year.
As of September 30, 2026, Applied Aerospace & Defense reported a contract backlog of $1.26 billion. The company provided an updated full-year 2026 outlook, expecting total revenue between $660 million and $670 million, and non-GAAP Adjusted EBITDA between $137 million and $142 million.
