Applied Aerospace reports record $182.1 million Q3 revenue

Applied Aerospace & Defense (NYSE:AADX) reported record third-quarter 2026 revenue of US$182.1 million, up 48.6% from US$122.5 million a year earlier.

Revenue growth reflected contributions from recent acquisitions and increased demand across the company's space, defense aviation and advanced sensing businesses.

Net income reached US$30.6 million, diluted earnings per share were US$0.18, and Adjusted EBITDA increased 37.4% year-over-year to US$39.7 million, while revenue excluding acquisitions completed in 2026 grew 20.3%.

Contract backlog increased to nearly US$1.3 billion, providing the company with multi-year revenue visibility across its space, defense aviation, airborne systems and precision strike programmes.

Applied Aerospace & Defense provides engineering, design and manufacturing services for space and defense technology companies, including advanced aerospace systems and specialized defense equipment.

Chief Executive Officer Trip Ferguson said the company plans to make strategic investments to support demand and expand its participation in existing and next-generation programmes, while highlighting double-digit revenue growth across its major end markets.