AADX · Applied Aerospace & Defense, Inc.
Price & Indicators
The closing range uses available history since Jun 3, 2026; less than a full year is stored.
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Metrics snapshot
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AI Brief
Q2 FY26 earnings call · Aug 12, 2026TL;DR. Applied Aerospace & Defense reported record Q2 revenue of $167.3M (+47.4% YoY) and record Adjusted EBITDA of $36.4M (+38.5% YoY), with backlog rising to a record $1.13B, while affirming full-year 2026 guidance of $670–690M revenue and $150–155M Adjusted EBITDA following its June IPO.
- + Record Q2 revenue of $167.3M, up 47.4% year-over-year, with growth across all three end markets.
- + Contract backlog grew to a record $1.13B from $871M at year-end, providing multi-year revenue visibility.
- + Record Adjusted EBITDA of $36.4M, up 38.4% year-over-year.
- + IPO strengthened the balance sheet, reducing pro forma net leverage to 2.7x and leaving the $125M revolver fully available.
- + Affirmed full-year 2026 guidance of $670–690M revenue and $150–155M Adjusted EBITDA, with backlog coverage supporting the outlook well into 2027.
- − Reported a Q2 net loss of $154.0M driven primarily by $110M of IPO-related share-based compensation from accelerated vesting of equity units.
- − Adjusted EBITDA margin contracted to 21.8% from 23.2% in the prior-year quarter due to heavier weighting of early-stage next-generation programs and public-company operating costs.
- − Q2 gross margin of 22.2% was reduced by approximately 6 percentage points from IPO-related accelerated share-based compensation.
- − First-half net cash used in operating activities was $82.1M, with the company projecting positive free cash flow only in the second half of 2026.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Aerospace & Defense — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
AADX
this stock
Applied Aerospace & Defense, Inc.
|
$2.23B | — | — | — | 0.9% |
|
SPCX
Space Exploration Technologies Corp
|
$1.95T | — | — | — | 1.4% |
|
GE
General Electric Co
|
$349.78B | +9.4% | +18.5% | 39.7 | 1.3% |
|
RTX
RTX Corp
|
$270.62B | +9.5% | +17.1% | 35.4 | 1.0% |
|
EADSF
Airbus SE/ADR
|
$180.36B | -2.4% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| AADX | -2.8% | -40.0% | — | -2.1% | — |
| SPY | +0.1% | -0.4% | +15.1% | +0.4% | +12.9% |
| vs SPY | -2.9% | -39.6% | — | -2.5% | — |