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Astronics (ATRO) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 12, 2026 · Astronics (ATRO) Q2 2026 earnings results →
Q2 2026 Revenue up 27% year over year to $260M · 13¢ of every $1 of revenue kept as net profit · operating margin 15.6%
Astronics made $260M in Q2 2026 (+27% Y/Y): Aerospace $237M, Test Systems Segment $22.7M. Operating margin 15.6%, net earnings $35.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 12, 2026.
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What changed this quarter
Revenue was $260.0M in Q2 2026, up 27% year over year and up 13% from the previous quarter. Aerospace was the largest line at 91% of revenue. Aerospace added $43.7M year over year (up 23%), 79% of the total change.
Gross margin was 33.4%, up 7.6 points from Q2 2025. Operating profit was $40.5M, a 15.6% margin (up 13.2 points year over year). Of the extra revenue versus Q2 2025, 65% reached operating profit, above the 2% margin then. Operating expenses fell 3% while revenue rose 27%. Net earnings were $35.1M, up 2568% year over year. The effective tax rate was 7.4%.
Operating cash flow was $30.1M, 86% of net earnings. Non-cash charges added back $6.3M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $13.5M. Capital expenditures of $5.7M left free cash flow of $24.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 12, 2026 | $260M | +27% | 15.6% | $35.1M | $30.1M |
| Q1 2026 | 10-Q | May 13, 2026 | $231M | +12% | 11.8% | $25.5M | $10.6M |
| Q4 2025 | 10-K | Feb 26, 2026 | $240M | +15% | 14.8% | $29.6M | $27.6M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $211M | +4% | 10.9% | −$11.1M | $34.2M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $205M | +3% | 2.3% | $1.3M | −$7.6M |
| Q1 2025 | 10-Q | May 7, 2025 | $206M | +11% | 6.4% | $9.5M | $20.6M |
| Q4 2024 | 10-K | Mar 5, 2025 | $209M | +7% | 4.3% | −$2.8M | $26.4M |
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Customers and suppliers named in filings
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About Astronics
Astronics Corporation (“Astronics” or the “Company”) is a leading provider of advanced technologies to the global aerospace, defense, and electronics industries. Our products and services include advanced, high-performance electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, systems certification, aircraft structures and automated test systems. We have principal operations in the United States (“U.S.”), Canada, France and Germany, as well as engineering offices in Ukraine and India. Our operation in Ukraine is a small engineering office and we have not experienced any significant disruption in staffing or services as a result of the continuing Ukrainian and Russian conflict.
In its own words, from its 10-K, filed Feb 26, 2026.
Astronics against its Aircraft Parts & Auxiliary Equipment, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +27% against the peers' median +27%. Operating margin: 15.6% against the peers' median 15.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ATRO Astronics | Q2 2026 | $260M | +27% | 15.6% |
| TDG TransDigm Group | Q3 FY26 | $2.7B | +22% | 44.8% |
| ARXS Arxis | Q3 2026 | $564M | +36% | 23.7% |
| DCO Ducommun | Q3 2026 | $227M | +6% | 11.4% |
| KRMN Karman Holdings | Q3 2026 | $202M | +66% | 15.7% |
| LOAR Loar Holdings | Q3 2026 | $176M | +39% | 26.2% |
| AADX Applied Aerospace & Defense | Q2 2026 | $167M | +47% | -57.5% |
| PKE Park Aerospace | Q2 FY27 | $20.8M | +27% | 22.8% |
| CVU CPI Aerostructures | Q2 2026 | $17.6M | +16% | 6.8% |
Source: Astronics 10-Q on SEC EDGAR · CIK 8063 · Aircraft Parts & Auxiliary Equipment, NEC
13F: who owns ATRO and who is buying
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results