AEVEX (NYSE:AVEX) Issues Earnings Results

AEVEX (NYSE:AVEX) announced its quarterly earnings data on Wednesday. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.49), Zacks reports. The company’s quarterly revenue was up 56.5% on a year-over-year basis.

Here are the key takeaways from AEVEX’s conference call:

• Positive sentiment: Third-quarter revenue rose 56.5% year over year to $189.7 million, and AEVEX raised its 2026 outlook to $820 million–$840 million in revenue and $128 million–$132 million in adjusted EBITDA. The company attributed the increase roughly equally to its existing business and the addition of BlackSea.
• Positive sentiment: Bookings strengthened, with a 1.3 company-wide book-to-bill ratio in Q3; core-business bookings through the first three quarters reached $411 million, or 1.56 times core revenue. AEVEX also reported $444.3 million in funded backlog and a pipeline of approximately $16.6 billion, though pipeline opportunities are not guaranteed orders.
• Positive sentiment: Maritime Systems is tracking to about $150 million in 2026 revenue, and the Navy expanded the GARC contract to approximately $350 million as the fleet transitions to the Lynx configuration. AEVEX said the segment’s backlog and opportunities in upgrades, mission packages, operations, and sustainment support further growth.
• Negative sentiment: Revenue conversion remains dependent on customer funding and award timing: of approximately $1.1 billion in awarded but unfunded contract ceiling, AEVEX expects about $410 million to convert to revenue by the end of 2027. The nearly $400 million IDIQ award is a contract ceiling, not committed revenue, and expected orders could slip; management said a continuing resolution could also affect timing.

AEVEX Trading Up 5.4%

AVEX opened at $12.23 on Thursday. The stock has a market cap of $1.39 billion and a price-to-earnings ratio of 38.22. AEVEX has a one year low of $8.95 and a one year high of $42.34. The stock’s 50 day moving average price is $14.14 and its 200-day moving average price is $19.35. The company has a debt-to-equity ratio of 1.15, a quick ratio of 5.50 and a current ratio of 5.66.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AVEX. UBS Group set a $13.00 price target on AEVEX in a report on Thursday, October 22nd. Oppenheimer started coverage on shares of AEVEX in a research note on Thursday, October 22nd. They issued an “outperform” rating and a $21.00 price target on the stock. Needham & Company LLC dropped their price target on shares of AEVEX from $45.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday. Royal Bank Of Canada cut their price objective on shares of AEVEX from $26.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, October 22nd. Finally, Jefferies Financial Group restated a “buy” rating on shares of AEVEX in a research note on Thursday, October 22nd. Eleven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.55.

AEVEX News Roundup

Here’s some of the latest news about AVEX:

• Positive Sentiment: AEVEX raised its 2026 revenue guidance to $820 million–$840 million, above the analyst consensus of about $753 million. The higher outlook was a key catalyst for the positive market reaction; investors will also be watching how quickly orders are funded and converted to revenue. AEVEX stock rises after outlook increase, with funded orders in focus
• Positive Sentiment: The company was also reported to have received a U.S. customer IDIQ contract with a ceiling of up to $400 million. The ceiling represents potential contract value, not necessarily funded orders or guaranteed revenue. AEVEX awarded IDIQ contract with $400M ceiling for US customer
• Negative Sentiment: AEVEX reported a third-quarter net loss of $16.8 million, versus net income of $9.9 million a year earlier. EPS was a loss of $0.40, missing the $0.09 analyst consensus—an important counterpoint to the revenue growth and higher guidance. Aevex Reports Q3 Loss; Revenue Rises

About AEVEX

AEVEX Corporation (NYSE: AVEX) provides defense and intelligence customers with unmanned aircraft systems and related mission solutions. Its work includes designing, building and integrating aircraft, sensors and other mission equipment for operational use. The company also offers engineering, training and operational support services. These capabilities help customers plan and conduct missions that rely on aerial surveillance, reconnaissance and other specialized aviation functions. AEVEX serves government and defense customers, including U.S. and allied users.