Applied Aerospace & Defense

Q2 FY2026 EarningsQ2 FY26 results significantly beat consensus on the top line, with revenue of $167.3M vs. $155.2M expected, driven by a 261% YoY surge in C5ISR & Precision Strike Systems. However, the company reported a massive GAAP net loss of $154.0M and GAAP EPS of -$1.04, missing expectations of a near-break-even result due to $110.1M in IPO-related share-based compensation. FY26 revenue guidance of $670M-$690M implies a strong H2 outlook, though GAAP profitability remains weighed down by one-time transaction costs.