AEVEX Corp. Reports Q1 2026 Results with 307% Revenue Growth

Solana Beach, California, USA -- AEVEX Corp. (NYSE: AVEX), a leading defense technology company specializing in autonomous unmanned systems and AI-enabled mission software, announced its financial results for the first quarter of 2026, ending March 31, 2026. The company reported a substantial increase in financial performance compared to the prior-year period, driven by robust demand for its tactical systems.

Financial Highlights

• Total revenue reached $216.7 million, representing a 307% increase from the $53.3 million reported in Q1 2025.
• Net income stood at $21.0 million, a major turnaround compared to the net loss of $27.3 million in the same period last year.
• Adjusted EBITDA rose to $36.4 million, compared to an Adjusted EBITDA loss of $13.4 million in Q1 2025.
• Tactical Systems segment revenue experienced significant growth, rising to $190.8 million, a 547.8% increase year-over-year.

Operational Update

CEO Roger Wells attributed the strong performance to continued execution across the portfolio, noting the sustained customer adoption of the company's CompassX-powered AI autonomy solutions. The Tactical Systems segment remains a primary growth driver, largely due to high demand for unmanned aerial systems (UAS). Looking ahead, the company has provided a positive outlook for the full fiscal year 2026, forecasting total revenue between $600.0 million and $620.0 million.