--- title: "Ducommun | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 209.02 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286077091.md" datetime: "2026-05-12T10:11:50.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286077091.md) - [en](https://longbridge.com/en/news/286077091.md) - [zh-HK](https://longbridge.com/zh-HK/news/286077091.md) --- # Ducommun | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 209.02 M Revenue: As of FY2026 Q1, the actual value is USD 209.02 M, beating the estimate of USD 199.82 M. EPS: As of FY2026 Q1, the actual value is USD 0.64. EBIT: As of FY2026 Q1, the actual value is USD 19.73 M. #### Net Revenue Ducommun Incorporated (杜科蒙) reported net revenue of $209.0 million for the first quarter of 2026, marking a 9% increase over $192.5 million in Q1 2025 . The Electronic Systems segment’s net revenue was $117.6 million in Q1 2026, up from $109.1 million in Q1 2025 . The Structural Systems segment’s net revenue increased to $91.4 million in Q1 2026 from $83.4 million in Q1 2025 . This overall increase was primarily driven by higher revenue in commercial aerospace ($12.5 million) and military and space ($5.4 million) end-use markets, partially offset by a $1.4 million decrease in industrial end-use markets due to timing of orders . #### Gross Margin and Gross Profit Gross margin for Ducommun Incorporated (杜科蒙) increased by 70 basis points year-over-year to 26.9% in Q1 2026, up from 26.2% in Q1 2025 . Gross profit for Q1 2026 was $56.2 million, compared to $50.5 million for Q1 2025 . This improvement was mainly attributed to lower other manufacturing costs, a favorable product mix, and higher manufacturing volume . #### Net Income Net income for Ducommun Incorporated (杜科蒙) in Q1 2026 was $9.9 million, representing a 607% increase from $1.4 million in Q1 2025 . As a percentage of revenue, net income grew to 4.7% in Q1 2026 from 0.7% in Q1 2025 . Non-GAAP adjusted net income was $11.7 million in Q1 2026, up from $3.528 million in Q1 2025 . #### Operating Income Operating income for Ducommun Incorporated (杜科蒙) in Q1 2026 was $15.7 million, or 7.5% of revenue, significantly higher than $5.0 million, or 2.6% of revenue, in Q1 2025 . Non-GAAP adjusted operating income reached $18.0 million, or 8.6% of revenue, in Q1 2026, compared to $7.6 million, or 4.0% of revenue, in Q1 2025 . The Electronic Systems segment’s operating income increased to $22.9 million (19.5% of revenue) in Q1 2026 from $17.5 million (16.0% of revenue) in Q1 2025 . The Structural Systems segment’s operating income rose to $10.4 million (11.4% of revenue) in Q1 2026 from $9.9 million (11.9% of revenue) in Q1 2025 . #### Adjusted EBITDA Adjusted EBITDA for Ducommun Incorporated (杜科蒙) reached $35.4 million in Q1 2026, an increase of 19% year-over-year from $29.7 million in Q1 2025 . As a percentage of revenue, Adjusted EBITDA increased to 16.9% from 15.4% in the comparable period . #### Operating Cash Flow Net cash provided by operations for Ducommun Incorporated (杜科蒙) in Q1 2026 was $11.2 million, a substantial increase compared to $0.8 million in Q1 2025 . This improvement was primarily due to higher net income and increased contract liabilities, partially offset by lower accrued and other liabilities . #### Interest Expense Interest expense for Ducommun Incorporated (杜科蒙) in Q1 2026 was $4.0 million, up from $3.3 million in Q1 2025, mainly due to a higher debt balance partially offset by lower interest rates . #### Selling, General and Administrative (SG&A) Expenses Selling, General and Administrative Expenses for Ducommun Incorporated (杜科蒙) were $40.5 million in Q1 2026, down from $45.05 million in Q1 2025 . As a percentage of net revenues, SG&A decreased to 19.4% in Q1 2026 from 23.4% in Q1 2025 . Corporate General and Administrative (CG&A) expenses were - $17.6 million (8.4% of total Company revenue) in Q1 2026, a decrease from - $22.4 million (11.6% of total Company revenue) in Q1 2025, primarily due to lower stock-based compensation expense . #### Capital Expenditures Total capital expenditures for Ducommun Incorporated (杜科蒙) in Q1 2026 were $2.580 million, down from $4.392 million in Q1 2025 . Electronic Systems capital expenditures were $0.886 million in Q1 2026, compared to $2.265 million in Q1 2025 . Structural Systems capital expenditures were $1.475 million in Q1 2026, down from $2.114 million in Q1 2025 . #### Remaining Performance Obligations Consolidated remaining performance obligations for Ducommun Incorporated (杜科蒙) were $1,073.730 million as of April 4, 2026, a decrease from $1,106.040 million as of December 31, 2025 . For the Electronic Systems segment, remaining performance obligations increased to $565.864 million from $552.926 million over the same period . For the Structural Systems segment, they decreased to $507.866 million from $553.114 million . #### Outlook / Guidance Ducommun Incorporated (杜科蒙) anticipates some destocking headwinds in the remaining quarters of 2026 . However, the overall outlook for 2027 and 2028 remains very promising . 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