Applied Aerospace & Defense (AADX) Q2 FY26 earnings call

Applied Aerospace & Defense reported record Q2 FY26 revenue and backlog, driven by strong demand across its diversified end markets and a successful IPO that strengthened its balance sheet. The company is focused on operational excellence, strategic pipeline management, and executing on high-growth program ramps, despite near-term margin compression from new program ramp-ups and working capital investments to support future growth.