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How Astronics (ATRO) makes money

Astronics (ATRO) made $260M of revenue in the second quarter 2026 (Q2 2026), +27% from a year earlier. Aerospace brought in $237M (91%); Test Systems Segment brought in $22.7M (9%). Of every dollar of revenue, 33¢ was left as gross profit, 16¢ was left as operating profit, 13¢ was left as net earnings.

Drawing the Sankey…

Astronics revenue by segment, Q2 2026Astronics revenue by segment, Q2 2026Aerospace$237MTest Systems Segment$22.7M
Astronics revenue by quarterAstronics revenue by quarter$209MQ4 2024$206MQ1 2025$205MQ2 2025$211MQ3 2025$240MQ4 2025$231MQ1 2026$260MQ2 2026
Astronics: where each dollar of revenue goesAstronics: where each dollar of revenue goesCost of revenue67¢Gross profit33¢Operating expenses18¢Operating profit16¢Income tax1¢Net earnings13¢Operating cash flow12¢Free cash flow9¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Aerospace$237M91.3%+11%+23%
Test Systems Segment$22.7M8.7%+35%+105%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$260M100.0%
Cost of revenue$173M66.6%
Gross profit$86.9M33.4%
Operating expenses$46.4M17.9%
Operating profit$40.5M15.6%
Income tax$2.8M1.1%
Net earnings$35.1M13.5%
Operating cash flow$30.1M11.6%
Free cash flow$24.4M9.4%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$260M+27%
Q1 2026$231M+12%
Q4 2025$240M+15%
Q3 2025$211M+4%
Q2 2025$205M+3%
Q1 2025$206M+11%
Q4 2024$209M+7%

From Astronics' 10-Q filed Aug 12, 2026 (on EDGAR).

Questions

How does Astronics make money?

Astronics (ATRO) made $260M of revenue in the second quarter 2026 (Q2 2026), +27% from a year earlier. Aerospace brought in $237M (91%); Test Systems Segment brought in $22.7M (9%). Of every dollar of revenue, 33¢ was left as gross profit, 16¢ was left as operating profit, 13¢ was left as net earnings.

What is Astronics' biggest business?

Aerospace: $237M in the second quarter 2026, 91% of revenue, +23% from a year earlier.

What is Astronics' profit margin?

Net earnings were $35.1M, 13.5% of revenue, in the second quarter 2026; the operating margin was 15.6%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.