10-Q

Quarterly report

✓ VerifiedAstronics reported Q2 2026 sales of $259,957 thousand and net income of $35,060 thousand ($0.75 diluted EPS), with backlog of $780.6 million and a book-to-bill ratio of 1.18:1.

Filed Aug 12, 2026 · 15:13 ET

Summary

Second quarter sales were $259,957 thousand versus $204,678 thousand a year earlier, with net income of $35,060 thousand compared with $1,314 thousand.
Aerospace segment sales increased $43.7 million, or 22.6%, including $5.9 million from the acquisition of BMA, while Test Systems sales grew $11.6 million, or 105.1%.
Backlog at July 4, 2026 was $780.6 million, and quarterly bookings of $306.2 million produced a book-to-bill ratio of 1.18:1.
On June 1, 2026, the Company announced a twenty percent stock distribution of Class B Stock to holders of record on June 15, 2026.
Sales to The Boeing Company accounted for 12.0% of consolidated sales in the second quarter, with accounts receivable from Boeing of approximately $27.1 million.
The Company received $2.0 million in IEEPA tariff refunds during the quarter, and net debt was $309.0 million compared with $324.8 million at the end of 2025.

Key facts

Q2 2026 sales: $259,957 thousand
From the filing for Q2 2026 sales
“Sales $ 490,576 $ 410,614 $ 259,957 $ 204,678”
Q2 2026 net income: $35,060 thousand
From the filing for Q2 2026 net income
“Net Income $ 60,600 $ 10,842 $ 35,060 $ 1,314”
Q2 diluted EPS: $0.75
From the filing for Q2 diluted EPS
“Consolidated net income of $0.75 per diluted share improved from $0.03 per diluted share in the prior-year period from stronger operating profit.”
Backlog: $780.6 million
From the filing for Backlog
“Backlog at the end of the quarter was $780.6 million.”
Book-to-bill: 1.18:1
From the filing for Book-to-bill
“Bookings of $306.2 million in the quarter resulted in a book-to-bill ratio of 1.18:1.”
Class B stock distribution: twenty percent
From the filing for Class B stock distribution
“On June 1, 2026, Astronics Corporation announced a twenty percent stock distribution of Class B Stock (the "Class B stock distribution") to holders of both Common and Class B Stock.”
Boeing concentration: 12.0%
From the filing for Boeing concentration
“Sales to The Boeing Company ("Boeing") accounted for 12.0 % and 11.1 % of consolidated sales in the three and six months ended July 4, 2026.”
Net debt: $309.0 million
From the filing for Net debt
“Net debt was $309.0 million, compared with $324.8 million at the end of 2025.”

Why it mattersThe results detail Astronics' revenue and backlog growth across Aerospace and Test Systems and disclose its debt structure, tariff refunds, and Boeing customer concentration. The filing records the outcome of the UK Lufthansa patent appeal and the twenty percent Class B stock distribution.

Filed: Aug 12, 2026
Accepted: 2026-08-12 19:13Z
Period: Jul 4, 2026
Accession no.: 0000008063-26-000043
Size: 6.9 MB
Index: Filing index

Summary

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