FTAI Aviation Ltd - Class A
Q2 2026 Earnings
Market Reaction
Did FTAI Beat Earnings? Q2 2026 Results
FTAI Aviation Ltd. delivered a mixed second quarter for 2026, posting revenue of $953.09 million, a 40.9% year-over-year increase that cleared the $900.45 million consensus estimate by 5.85%, while earnings fell well short of expectations, with diluted EPS of $1.13 missing the $1.52 consensus by 25.85%. The bottom-line shortfall told the more complicated story: despite explosive top-line growth fueled by Aerospace Products revenue surging 65% year-over-year to $692.23 million, cost of sales climbed sharply to $635.78 million from $369.26 million a year ago, compressing margins and pushing net income down to $117.58 million from $161.69 million in Q2 2025. The company also trimmed its 2026 Aviation Leasing Adjusted EBITDA guidance to $475 million from $575 million, reflecting its deliberate pivot toward an asset-light model, though it reaffirmed $1.05 billion in Aerospace Products Adjusted EBITDA and introduced 2027 segment guidance of $2.30 billion across Aerospace Products, FTAI Power, and Aviation Leasing, anchored by a $1.47 billion FTAI Power customer contract.
- Aerospace Products revenue grew 78% and Adjusted EBITDA grew 51% year-over-year in Q2 2026
- MRE Contract revenue more than doubled year-over-year to $182.8 million
- FTAI Power secured a $1.465 billion customer contract
- Strategic shift to asset-light business model reflected in reduced Aviation Leasing guidance
“FTAI delivered another strong quarter, led by record Aerospace Products performance and a landmark customer contract for FTAI Power. Across the business, we continued to execute on our strategic evolution — expanding our maintenance network into Indonesia and Egypt, delivering more modules to more customers worldwide and advancing Strategic Capital with the launch of the 2026 SPV. With our fourth consecutive dividend increase, we remain confident in our outlook and our ability to deliver sustained growth and long-term value for our shareholders.”
FTAI Aviation CEO, on the earnings call
Forward Guidance & Outlook
FTAI reaffirmed 2026 Aerospace Products Adjusted EBITDA guidance of $1,050 million and updated 2026 Aviation Leasing guidance from $575 million to $475 million, reflecting the continued shift to an asset-light business model. The company introduced 2027 Business Segment Adjusted EBITDA guidance of $2.3 billion, comprised of $1.4 billion from Aerospace Products, $450 million from FTAI Power, and $450 million from Aviation Leasing. FTAI Power announced a $1.465 billion customer contract expected to account for a substantial portion of its 2027 delivery target.
FTAI YoY Financials
FTAI Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.