Astronics

Q2 FY2026 EarningsFY26 Q2 beat consensus across key metrics, with revenue of $260.0M exceeding the $249.3M estimate and normalized EPS of $0.75 significantly outperforming the $0.61 consensus. Performance was driven by a 22.6% YoY surge in Aerospace sales and a recovery in Test Systems, which turned profitable following prior-year contract revisions. Gross margin reached 33.4%, 1.20pct above expectations, bolstered by operating leverage and a one-time $2.0M tariff refund. Backlog reached a record $780.6M, providing strong visibility for the remainder of the fiscal year.