---
title: "AEVEX Corp. 1Q 2026: Revenue $216.7M, EPS $0.22— 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287114361.md"
description: "AEVEX Corp. reported Q1 2026 revenue of $216.7M, a 306.9% increase YoY, with net income of $21M, reversing a loss from the previous year. Diluted EPS was $0.22, up from $(0.31). Product sales surged 624% YoY, primarily from Tactical Systems UAS, which now represents 88% of revenue. The company converted $356.6M of backlog, with 93% expected to contribute to 2026 revenue."
datetime: "2026-05-20T20:21:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287114361.md)
  - [en](https://longbridge.com/en/news/287114361.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287114361.md)
---

# AEVEX Corp. 1Q 2026: Revenue $216.7M, EPS $0.22— 10-Q Summary

AEVEX Corp. reported first-quarter 2026 results with revenue of $216.7M and net income of $21M, a marked turnaround from a loss in the year-ago quarter, driven by a surge in product sales from its Tactical Systems UAS business.

**Financial Highlights**

-   Revenue: $216.7M for Q1 2026, up from $53.3M in Q1 2025 (306.9% YoY).
-   Net income: $21.0M for Q1 2026, versus $(27.3) M in Q1 2025 (turnaround to profit).
-   Diluted EPS: $0.22 for Q1 2026, versus $(0.31) in Q1 2025.

**Business Highlights**

-   Products revenue jumped about 624% YoY to $191.8M, primarily from Tactical Systems UAS sales.
-   Revenue mix shifted heavily to Tactical Systems, which accounted for 88% of Q1 2026 revenue versus 55% in the prior year, reducing the share from Services.
-   Company positioned as a leading defense UxS prime contractor with wins on strategic Programs of Record, including work in the EUCOM AOR Deep Strike area.
-   Converted $356.6M of funded backlog (down $146.5M year over year) with an expected 93% of that backlog to convert into 2026 revenue.
-   R&D spending declined as development activity scaled down while deliveries and manufacturing ramped for major programs.

Original SEC Filing: AEVEX Corp. \[ AVEX \] - 10-Q - May. 20, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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