AEVEX shares jump as drone maker tops revenue estimates, raises outlook (AVEX:NYSE)

Needham reduced its price target for Aevex Corp (NYSE:AVEX) to $30 from $45, keeping a Buy rating. The stock is at $12.13, down 55% YTD. Aevex beat Q3 expectations, raised 2026 guidance, and has $855M in potential orders. Needham cites resolving concerns and a $16B pipeline. Aevex reported Q3 revenue of $189.7M, up 56.5%, with adjusted EBITDA of $30.8M.

Aevex Corp's stock rose 12.1% in pre-market trading after reporting Q3 revenue of $189.7M, up 56.5% YoY, beating estimates. The company raised its 2026 revenue guidance to $820M–$840M and adjusted EBITDA to $128M–$132M. Despite a net loss of $0.40 per share, the stock traded near $13.60, reflecting strong segment performance and new product announcements.

AEVEX Corp (AVEX) reported a 56% revenue increase in Q3 2026, with CEO Roger Wells noting no significant revenue risk from the government's continuing resolution. The company raised its guidance to $820M-$840M, split evenly between core business and Maritime Systems. Wells highlighted a book-to-bill ratio of 1.32, $440M in funded backlog, and $1.1B in unfunded backlog expected to convert by end-2027. AVEX sees strong demand for autonomous systems and minimal supply chain risks for 2026.

AEVEX (AVEX) reported Q3 2026 revenue of $189.7M, up 56.5% YoY, and adjusted EBITDA of $30.8M. The company completed the BlackSea acquisition, expanding into maritime autonomous systems. AEVEX raised full-year guidance to $820M-$840M revenue and $128M-$132M adjusted EBITDA, citing strong demand for autonomous systems and strategic investments.

AEVEX (AVEX) reported Q3 core revenue of $137M, up from $49M in Q1, exceeding Ukraine-related revenue. The company expects Q4 Ukraine revenue of $36.3M and full-year core revenue of $440M-$460M. AEVEX reported a net loss of $16.8M, primarily due to a one-time tax expense. Backlog was $444.3M, with $1.1B in unfunded contract potential. The company has a $16.6B opportunity pipeline and $78.6M in cash.

AEVEX reported Q3 2026 revenue of $189.7M, up 56.5% YoY, with core business revenue surpassing Ukraine-related revenue. Adjusted EBITDA rose to $30.8M, and the company raised full-year guidance. Shares gained 4.57% to $12.13 during trading and 10.33% after hours. The growth was driven by the Airborne Systems business and the acquisition of BlackSea Technologies, which expanded into Maritime Systems. The company's backlog grew to $1.5B, with $855M in near-term revenue visibility.