Filing Flows › Astronics (ATRO) › Q1 2026
Astronics (ATRO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Astronics (ATRO) reported revenue of $231M for the first quarter 2026 (Q1 2026), +12% from a year earlier and -4% from the quarter before. Operating margin was 11.8%, net earnings $25.5M (11.1% of revenue).
Astronics, Q1 2026: revenue $231M (+12% year over year), operating margin 11.8%, net earnings $25.5M, operating cash flow $10.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $231M | -4% | +12% |
| Gross profit | $75.1M | -6% | +23% |
| Operating profit | $27.2M | -23% | +107% |
| Net earnings | $25.5M | -14% | +168% |
| Operating cash flow | $10.6M | -62% | -49% |
What changed
Revenue was $230.6M in Q1 2026, up 12% year over year and down 4% from the previous quarter. Aerospace was the largest line at 93% of revenue. Aerospace added $22.4M year over year (up 12%), 91% of the total change.
Gross margin was 32.6%, up 3.0 points from Q1 2025. Operating profit was $27.2M, a 11.8% margin (up 5.4 points year over year). Of the extra revenue versus Q1 2025, 57% reached operating profit, above the 6% margin then. Operating expenses grew 0% against revenue growth of 12%. Net earnings were $25.5M, up 168% year over year. The effective tax rate was -3.0%.
Operating cash flow was $10.6M (down 49% year over year), 42% of net earnings. Non-cash charges added back $5.9M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $23.4M. Capital expenditures of $11.2M exceeded it, leaving free cash flow of −$554K.
Questions
What was Astronics' revenue in the first quarter 2026?
Astronics (ATRO) reported revenue of $231M for the first quarter 2026 (Q1 2026), +12% from a year earlier and -4% from the quarter before.
Was Astronics profitable in the first quarter 2026?
Operating profit was $27.2M (11.8% of revenue) and net earnings $25.5M.
Source: Astronics 10-Q on SEC EDGAR.