AEVEX Corp (AVEX) just reported its first quarterly earnings as a public company, and it was a strong debut. The defense technology firm beat analyst estimates on both the top and bottom lines for the first quarter, sending shares up more than 9% in after-hours trading.
Revenue came in at $216.69 million, well above the $200.02 million analysts were expecting. Earnings per share hit $0.22, beating the $0.16 consensus. That revenue figure represents a 307% jump from the same quarter last year, which the company attributed to “robust demand” for its autonomous systems and mission software. AEVEX also reported a funded backlog of $356.62 million, giving it good visibility into future revenue.
“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 went public on April 17, 2026, so this is its first earnings report as a listed company. For the full year 2026, the company guided for revenue of $600 million to $620 million, above the $585.44 million analysts had penciled in. It also expects adjusted EBITDA of $88 million to $94.5 million.
In addition to the earnings beat, 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.
AEVEX shares were up 9.44% in after-hours trading, changing hands at $28.78 at the time of publication.
