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Applied Aerospace & Defense Reports Second Quarter 2026 Financial Results
Business Wire
Wed, August 12, 2026 at 4:00 PM GMT+5:30
16 min read
- AADX
-4.32%
HUNTSVILLE, Ala., August 12, 2026–(BUSINESS WIRE)–Applied Aerospace & Defense (NYSE: AADX) (“Applied” or “the Company”), a premier provider of advanced design, engineering, and vertically integrated manufacturing solutions for leading and next-generation space and defense technology companies, today reported its financial results for the second quarter ended June 30, 2026
Second Quarter 2026 & Recent Highlights:
Generated record revenue of $167.3 million, up 47.4% year over year
Incurred a net loss of $154.0 million primarily due to share-based compensation and transaction expenses related to the Company’s June 2026 initial public offering (“IPO”)
Delivered record Adjusted EBITDA of $36.4 million, up 38.5% year over year
Grew contract backlog to over $1.1 billion providing solid multi-year revenue visibility
Successfully completed a $683.0 million IPO, raising approximately $635.6 million of net primary proceeds (after underwriting discounts, commissions, and offering expenses)mon stock at $20.00 per share
“The second quarter saw Applied successfully complete our initial public offering and begin our next chapter as a public company,” said Trip Ferguson, Chief Executive Officer of Applied. “The IPO meaningfully strengthened our balance sheet and enhanced our financial flexibility, reducing pro forma net leverage to 2.7x, and provided new resources to invest in our people, our capabilities and our operations as we scale the business to support a broad and expanding range of our customers’ most critical programs.”
“Applied is positioned at the intersection of two powerful, long term, and uncorrelated demand drivers: an unprecedented growth outlook for the commercial space economy and a dynamic global threat environment that necessitates highly capable advanced manufacturing capacity and major new investments in defense technology,” Ferguson explained. “Across both end markets, the ability to manufacture highly engineered systems at the speed, quality, and scale required by our customers has never been more important. Applied was purpose-built for this mission. Our differentiated capabilities, long-tenured customer relationships and embedded positions across a diverse array of large and enduring programs of record and next-generation growth programs make us a trusted partner to the leading defense primes and bold new innovators in commercial space and defense technology.”
Ferguson continued, “Our second quarter performance reflects the strength of that position, with significant revenue growth across each of our three core markets. Demand for space and launch systems remains high, demand for precision strike systems continues to build rapidly, we are ramping several important next-generation programs, and aftermarket demand remains strong as we enable mission readiness for our customers’ defense aviation fleets. Together with over $1.1 billion in backlog, this provides us with strong multi-year revenue visibility. We are also making progress integrating our recent acquisitions and adding qualified capacity in the areas where our customers need it most. Looking ahead, we remain focused on operational excellence, disciplined investment, and expanding our content on enduring and next-generation programs to drive profitable growth and create long-term value for our customers and shareholders.”
