---
title: "AEVEX Beats Q1 Estimates In First Report As Public Company"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287120530.md"
description: "AEVEX Corp (NYSE: AVEX) reported Q1 revenue of $216.69 million, exceeding estimates of $200.02 million, with earnings per share at 22 cents, above the expected 16 cents. The revenue marked a 307% year-over-year increase, driven by demand for autonomous systems. AEVEX has a funded backlog of $356.62 million, but its stock is trading lower, leaving the outlook for AVEX shares uncertain."
datetime: "2026-05-20T20:41:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287120530.md)
  - [en](https://longbridge.com/en/news/287120530.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287120530.md)
---

# AEVEX Beats Q1 Estimates In First Report As Public Company

**AEVEX Corp** (NYSE:AVEX) reported financial results for the first quarter after the market close on Wednesday. Here’s a look at the key highlights from the print.

-   **AEVEX stock is trading at depressed levels. What’s the outlook for AVEX shares?**

## **AEVEX Q1 Highlights**

AEVEX reported first-quarter revenue of $216.69 million, beating analyst estimates of $200.02 million. The company posted first-quarter earnings of 22 cents per share, beating estimates of 16 cents per share, according to Benzinga Pro.

Total revenue was up 307% on a year-over-year basis, reflecting “robust demand” for the company’s autonomous systems and mission software. AEVEX also reported a funded backlog of $356.62 million.

“Across our portfolio, our teams are delivering on key programs while scaling production to meet customer needs with speed and reliability in an increasingly dynamic global environment,” said **Roger Wells**, CEO of AEVEX.

“We are particularly encouraged by the sustained customer adoption of our AI‑enabled autonomy solutions powered by CompassX, along with our next‑generation solutions — capabilities that have been validated in operational use and are increasingly central to customer modernization priorities.”

AEVEX, which went public on April 17, 2026, guided for full-year 2026 revenue of $600 million to $620 million versus estimates of $585.44 million. The company also guided for full-year adjusted EBITDA of $88 million to $94.5 million.

In connection with earnings, AEVEX announced that it was awarded a $15.6 million contract by the **U.S. Air Force** to support advanced unmanned aircraft mission capabilities and modular airborne system‑integration efforts.

## **AVEX Shares Rise After Hours**

**AVEX Price Action:** AEVEX shares were up 9.44% in after-hours, trading at $28.78 at the time of publication on Wednesday, per Benzinga Pro data.

**Read Also: Forget About Micron: The Hottest US Semiconductor Stock Is Already Up 100% This Month**

_Image: Shutterstock.com_

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