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FTAI Aviation

FTAI Aviation (FTAI) Q2 2026 Earnings

Reported Jul 29, 2026 at 4:16 PM ET · SEC Source

Q2 26 EPS

$1.13

MISS 25.85%

Est. $1.52

Q2 26 Revenue

$953.1M

BEAT +5.85%

Est. $900.4M

vs S&P Since Q2 26

-3.1%

TRAILING MARKET

FTAI +0.9% vs S&P +4.0%

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 dilut… Read more 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.

Key Takeaways

  • • 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 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.

24/7 Wall St

FTAI YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

FTAI Revenue by Segment

With YoY comparisons, source: SEC Filings

Q3 24 Q2 26

“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.”

— Joe Adams, Q2 2026 Earnings Press Release

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