Astronics Raises 2026 Revenue View to $1.04 Billion as Backlog Hits Record $780.6 Million
Updated
Updated · Yahoo Finance · Aug 22
Astronics Raises 2026 Revenue View to $1.04 Billion as Backlog Hits Record $780.6 Million
1 articles · Updated · Yahoo Finance · Aug 22
Summary
Astronics lifted its 2026 revenue guidance to $1.02 billion-$1.04 billion after second-quarter sales rose to $259.96 million and net income climbed to $35.06 million.
A record $780.6 million backlog underpins that outlook, with about 82% expected to convert into revenue over the next 12 months across its aerospace and defense markets.
For the current quarter, the company forecast sales of $265 million to $275 million, signaling continued near-term demand momentum.
The stronger guidance supports Astronics' investment case, but execution problems in its Test segment and potential cost overruns still threaten margins as volumes rise.