CPI Aero enters the second half of 2026 with a $533M backlog
CPI Aerostructures (NYSE American: CVU) reported Q2 2026 revenue of $17.6M, up from $15.2M, with gross profit rising to $3.9M and gross margin to 22.0%. Net income was $0.7M versus a $1.3M loss. For six months, revenue was $34.9M and net income $1.9M. Backlog totaled $533M.
How this was made
The 30-second read
Why it matters
The key tradable elements are the magnitude of margin expansion and the $533M backlog figure, which can influence expectations for future revenue and program execution. However, the balance sheet shows limited cash, which can constrain risk appetite if execution slips or payments lag.
Market read
A small-cap defense supplier delivered improved profitability and a large backlog, but liquidity remains a watch item for traders assessing risk.
What to watch
Funded remaining performance obligations are highlighted, but the article does not quantify cash flow from operations or working-capital swings that could drive near-term liquidity risk.
Background
CPI Aerostructures is a DoD prime contractor and tier-1 aerospace and defense subcontractor, reporting quarterly and six-month results with backlog disclosures.
Ticker impact
CPI Aerostructures reported Q2 2026 revenue of $17.6M, gross margin of 22.0%, and total backlog of $533M.
Near-term bias positive on backlog and margin expansion, tempered by cash balance and leverage.
Multiple income statement improvements (revenue, gross margin, net income, adjusted EBITDA) plus a $533M backlog are supportive, while cash is only $0.84M and line of credit and debt are still meaningful.
Market effects
Supports sentiment for aerospace and defense subcontractors via evidence of improving execution and backlog conversion.
Limited, company-specific impact likely confined to small-cap defense supply chain sentiment.
Low; primarily affects US defense supply chain expectations rather than global macro.
Counterpoint
Backlog growth may not translate into near-term cash generation given the very low cash balance and ongoing debt/lease obligations.
Key entities
- public_companyCPI Aerostructures, Inc.
Reported Q2 and six-month 2026 results, including revenue, margins, net income, adjusted EBITDA, and $533M backlog.
- executiveDorith Hakim
CEO quoted on the company’s execution and growth strategy.
