Jun 2026 (Q2 FY26) — Jul 30, 2026
FTAI Aviation Q2 FY26 — Strong Aerospace Products Growth and Landmark Power Order
Read the full callFTAI Aviation (FTAI) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
FTAI Aviation earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 953 | +40.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. |
Guidance
What management said, and what became of it
21 of 21 judged targets kept · 20 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| New maintenance facility east of Rome | another maintenance facility east of Rome by the Q1 2027 call | Mar 2026 | This quarter, we advanced 2 exciting developments, one in Egypt and one in Indonesia that bring us closer to our customers, add module production and diversify our footprint. | Achieved |
| Adjusted free cash flow | $1 billion | Sep 2025 | we are updating total adjusted free cash flow for 2026 from $915 million to $878 million | Revised Down |
| Adjusted free cash flow before new growth initiatives | $1.2 billion | Dec 2025 | For the full year, we are maintaining our target of approximately $1.2 billion of adjusted free cash flow before new growth initiatives. | On Track |
20 of FTAI Aviation Ltd.'s 41 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 38 more targets are in the full ledger.
Claimed
- Aerospace Products EBITDA grew 51% YoY to $249.7 million and 12% QoQ to $249.7 million.
- Total module production for 2026 is now expected to be 1,200 modules, up from 1,050 previously projected.
- FTAI Power secured a master supply agreement with a leading U.S. hyperscaler and an initial purchase order valued at $1.465 billion for 2027 Mod-1 deliveries.
- Adjusted free cash flow for H1 2026 was $255 million, with a full-year target of $878 million.
- Dividend increased for the fourth consecutive quarter by $0.05 per share to $0.50 per share.
Qualified
- Aviation Leasing EBITDA guidance for 2026 was revised down to $475 million due to prioritizing an asset-light balance sheet and directing module production to Aerospace Products.
- Aerospace Products EBITDA margins remained at 29%, reflecting a strategic decision to prioritize market share and large customer penetration over higher percentage margins.
Price
$168.56 +3.25% · +$5.31
Performance −1.2% 1Y
1Y: $170.56 on 14 Oct 2025 → $168.56. High $310.04 (26 Feb 2026), low $152.8 (17 Nov 2025).
- Previous close
- $163.25
- 52-week range
- $152.8 – $310.04
- One year
- −3.22%
Overview
- Symbol
- FTAI
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
21 of 21 judged targets kept · 20 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| New maintenance facility east of Rome | another maintenance facility east of Rome by the Q1 2027 call | Mar 2026 | This quarter, we advanced 2 exciting developments, one in Egypt and one in Indonesia that bring us closer to our customers, add module production and diversify our footprint. | Achieved |
| Adjusted free cash flow | $1 billion | Sep 2025 | we are updating total adjusted free cash flow for 2026 from $915 million to $878 million | Revised Down |
| Adjusted free cash flow before new growth initiatives | $1.2 billion | Dec 2025 | For the full year, we are maintaining our target of approximately $1.2 billion of adjusted free cash flow before new growth initiatives. | On Track |
Claimed
- Aerospace Products EBITDA grew 51% YoY to $249.7 million and 12% QoQ to $249.7 million.
- Total module production for 2026 is now expected to be 1,200 modules, up from 1,050 previously projected.
- FTAI Power secured a master supply agreement with a leading U.S. hyperscaler and an initial purchase order valued at $1.465 billion for 2027 Mod-1 deliveries.
- Adjusted free cash flow for H1 2026 was $255 million, with a full-year target of $878 million.
- Dividend increased for the fourth consecutive quarter by $0.05 per share to $0.50 per share.
Qualified
- Aviation Leasing EBITDA guidance for 2026 was revised down to $475 million due to prioritizing an asset-light balance sheet and directing module production to Aerospace Products.
- Aerospace Products EBITDA margins remained at 29%, reflecting a strategic decision to prioritize market share and large customer penetration over higher percentage margins.
The full ledger
Open FTAI Aviation Ltd.’s full ledger
A free account opens 5 company ledgers a month. All 41 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
FTAI Aviation Q1 FY26 — Strong Aerospace Products Growth and Power Business Momentum
Read the full callDec 2025 (Q4 FY25) — Feb 26, 2026
FTAI Aviation Q4 FY25 — Strong Growth in Aerospace Products and Launch of FTAI Power
Read the full callEvery analysed call
FTAI Aviation earnings calls (FTAI)
Financials
What the filings say
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 466 | 499 | 502 | 676 | 667 | 662 | 831 | 953 |
| Expenses | 317 | 341 | 351 | 466 | 466 | 483 | 660 | 758 |
| Other income | -55 | — | -26 | -7 | -57 | -45 | -1 | -44 |
| Interest | 58 | 61 | 62 | 64 | 61 | 61 | 61 | 64 |
| Profit before tax | 94 | 108 | 125 | 203 | 144 | 134 | 169 | 151 |
| Tax rate | 7.8% | 5.2% | 18.3% | 18.6% | 18.3% | 13.8% | 18.6% | 17.0% |
| EPS ($ per share) | 0.76 | — | 0.88 | 1.58 | 1.11 | — | 1.31 | 1.15 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | -33 | 190 | -28 | -132 | -326 | -82 | -73 | 283 |
| Total liabilities | 1,585 | 1,898 | 2,289 | 3,740 | 2,410 | 2,789 | 3,957 | 4,040 |
| Fixed assets | 662 | 732 | 964 | 38 | 10 | 2,078 | 2,481 | 1,666 |
| Total assets | 2,639 | 3,237 | 3,388 | 4,864 | 2,430 | 2,965 | 4,038 | 4,374 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 134 | 151 | 63 | -22 | -21 | 129 | -188 | -311 |
| Cash from investing | -704 | -495 | -509 | -1,287 | -411 | -373 | -469 | 723 |
| Cash from financing | 598 | 466 | 365 | 1,588 | 45 | 282 | 682 | -227 |
| Net cash flow | 28 | 122 | -81 | 279 | -387 | 38 | 24 | 185 |
| Capital expenditure | -230 | -331 | -265 | -157 | -144 | -6 | -9 | -28 |
| Free cash flow | -96 | -180 | -202 | -179 | -165 | 123 | -197 | -338 |
FTAI revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Aerospace Products | — | — | — | 73% | 78% | 85% | 90% | 92% | +78.5% |
| Aviation Leasing | — | — | — | 28% | 22% | 15% | 10% | 8% | -58.0% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
FTAI operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Refurbished CFM56 modules | 228We refurbished 228 CFM56 modules this quarter across our 3 facilities, an increase of 68% compared to Q4 2024, bringing our total for the year to 757 modules.Source: earnings call transcript | 270We refurbished 270 CFM56 module this quarter across our 4 facilities, an increase of 96% compared to Q1 2025.Source: earnings call transcript | 296On the production front, we refurbished 296 CFM56 modules this quarter across our 4 facilities, an increase of 61% compared to Q2 2025.Source: earnings call transcript | +9.6% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2026 · share of revenue
- North America 55% ↑ 16 pt
- Europe 30%
- Asia 11% ↓ 15 pt
- South America 3% ↓ 1 pt
- Africa 1% ↑ 1 pt
As FTAI cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
52 filings between Nov 13, 2025 and Sep 15, 2026.
Open market
decisions to buy or sellPurchases
$1.93M
5 purchases by 3 insiders
Sales
$64.63M
5 sales by 3 insiders
Compensation
not trading decisions- 29
- Award — granted as compensation
- 1
- Option exercise — converted options into shares
- 10
- Tax withheld — shares kept back by the company to cover tax
Also filed: 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| TUCHMAN MARTIN | — | $61.53M | May 4, 2026 |
| GOODWIN PAUL R | — | $3.03M | Feb 27, 2026 |
| Moreno David | $1.52M | — | Jul 31, 2026 |
| Adams Joseph P. Jr. | $311.8K | — | Nov 13, 2025 |
| Nam Eun | $100.1K | — | Nov 14, 2025 |
| HANNAWAY JUDITH A | — | $64.7K | May 27, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 15, 2026 | GIDUMAL SHYAM H Director | Award | 125 | $0 |
| Sep 15, 2026 | GOODWIN PAUL R Director | Award | 171 | $0 |
| Sep 15, 2026 | ROBINSON RAY M Director | Award | 164 | $0 |
| Sep 15, 2026 | TUCHMAN MARTIN Director | Award | 118 | $0 |
| Sep 1, 2026 | Yoon BoHee Secretary, General Counsel | Tax withheld | 398 | $75.7K |
| Aug 10, 2026 | ROBINSON RAY M Director | Gift | 3,673 | $0 |
| Jul 31, 2026 | Moreno David President | Purchase | 2,475 | $498.1K |
| Jul 1, 2026 | Kuperus Stacy Chief Operating Officer | Tax withheld | 17,973 | $4.86M |
| Jul 1, 2026 | Moreno David President | Tax withheld | 41,475 | $11.22M |
| Jun 15, 2026 | ROBINSON RAY M Director | Award | 119 | $0 |
| Jun 15, 2026 | TUCHMAN MARTIN Director | Award | 86 | $0 |
| Jun 15, 2026 | GOODWIN PAUL R Director | Award | 124 | $0 |
| May 28, 2026 | LEVISON A ANDREW Director | Award | 552 | $0 |
| May 28, 2026 | ROBINSON RAY M Director | Award | 552 | $0 |
| May 28, 2026 | TUCHMAN MARTIN Director | Award | 552 | $0 |
| May 28, 2026 | GOODWIN PAUL R Director | Award | 552 | $0 |
| May 28, 2026 | GIDUMAL SHYAM H Director | Award | 552 | $0 |
| May 28, 2026 | Adams Joseph P. Jr. CEO and Chairman | Tax withheld | 10,783 | $2.83M |
| May 28, 2026 | HANNAWAY JUDITH A Director | Award | 552 | $0 |
| May 27, 2026 | HANNAWAY JUDITH A Director | Sale | 255 | $64.7K |
| May 11, 2026 | Adams Joseph P. Jr. CEO and Chairman | Option exercise | 12,448 | $316.7K |
| May 11, 2026 | Adams Joseph P. Jr. CEO and Chairman | Tax withheld | 7,752 | $2.10M |
| May 4, 2026 | TUCHMAN MARTIN Director | Sale | 67,500 | $16.33M |
| May 4, 2026 | TUCHMAN MARTIN Director | Sale | 43,176 | $10.39M |
| May 1, 2026 | TUCHMAN MARTIN Director | Sale | 143,584 | $34.81M |
| Mar 16, 2026 | HANNAWAY JUDITH A Director | Award | 67 | $0 |
| Mar 16, 2026 | ROBINSON RAY M Director | Award | 122 | $0 |
| Mar 16, 2026 | GIDUMAL SHYAM H Director | Award | 93 | $0 |
| Mar 16, 2026 | GOODWIN PAUL R Director | Award | 128 | $0 |
| Mar 16, 2026 | LEVISON A ANDREW Director | Award | 88 | $0 |
| Mar 16, 2026 | TUCHMAN MARTIN Director | Award | 88 | $0 |
| Mar 16, 2026 | McAleese Nicholas Chief Financial Officer | Award | 5,083 | $0 |
| Mar 16, 2026 | Hazan Michael Chief Accounting Officer | Award | 4,236 | $0 |
| Mar 4, 2026 | Adams Joseph P. Jr. CEO and Chairman | Tax withheld | 1,689 | $475.9K |
| Mar 4, 2026 | Kuperus Stacy Chief Operating Officer | Tax withheld | 1,067 | $300.6K |
| Mar 4, 2026 | Moreno David President | Tax withheld | 1,956 | $551.1K |
| Mar 4, 2026 | Yoon BoHee Secretary, General Counsel | Tax withheld | 190 | $53.5K |
| Mar 4, 2026 | Nam Eun Chief Financial Officer | Tax withheld | 132 | $37.2K |
| Feb 27, 2026 | Yoon BoHee Secretary, General Counsel | Award | 1,145 | $0 |
| Feb 27, 2026 | Adams Joseph P. Jr. CEO and Chairman | Award | 16,351 | $0 |
| Feb 27, 2026 | GOODWIN PAUL R Director | Sale | 10,000 | $3.03M |
| Feb 27, 2026 | Kuperus Stacy Chief Operating Officer | Award | 3,270 | $0 |
| Feb 27, 2026 | Moreno David President | Award | 6,540 | $0 |
| Feb 27, 2026 | Nam Eun Chief Financial Officer | Award | 1,635 | $0 |
| Dec 15, 2025 | TUCHMAN MARTIN Director | Award | 117 | $0 |
| Dec 15, 2025 | LEVISON A ANDREW Director | Award | 117 | $0 |
| Dec 15, 2025 | GIDUMAL SHYAM H Director | Award | 124 | $0 |
| Nov 17, 2025 | GOODWIN PAUL R Director | Gift | 3,000 | $0 |
| Nov 14, 2025 | Nam Eun Chief Financial Officer | Purchase | 652 | $100.1K |
| Nov 13, 2025 | Moreno David Chief Operating Officer | Purchase | 4,354 | $670.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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