Standardaero

Q3 FY2026 EarningsFY26 Q3 results were mixed relative to consensus: revenue of $1,557M missed expectations by 0.4%, while GAAP EPS of $0.28 fell short of the $0.30 estimate. Despite the top-line miss, gross margin improved to 16.82%, significantly beating the 16.29% consensus due to the elimination of low-margin material pass-through revenue. Engine Services saw strong productivity gains, driving a 24.0% YoY increase in segment Adjusted EBITDA, while Component Repair Services faced mix headwinds. Management authorized a $560M increase to the share repurchase program, signaling confidence despite persistent supply chain disruptions.