Jun 2026 (Q3 FY26) — Aug 4, 2026
TransDigm Group Q3 FY26 — Strong Performance Across All Channels and Raised Full-Year Guidance
Read the full callTransDigm Group (TDG) earnings
- Jun 2026
- Jun 2026 (Q3 FY26)
- Sep 2025
TransDigm Group earnings: last reported Tue, 4 Aug 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 | 2,741 | +22.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 44.8 | −1.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 539 | +9.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
6 of 8 judged targets kept · 16 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Stellant Systems acquisition closing | close the agreed acquisition of Stellant Systems from Arlington Capital Partners for approximately $960 million in cash | Dec 2025 | I would like to quickly provide some additional color on our withdrawal from the acquisition of Stellent in mid-July. This was a difficult decision that came after the Department of Justice notified us that they intend to challenge the transaction. | Missed |
| Full-year adjusted EPS guidance | $37.51 | Sep 2025 | The midpoint of adjusted EPS is now expected to be $41.04. | Revised Up |
| Underlying (ex-acquisition, ex-mix) annual EBITDA margin expansion target | 100 to 150 basis points (1% to 1.5%) of margin expansion per year on the base business | Sep 2024 | constant mix, the target is the same for year-over-year margin improvement. We've always been able to and continue to this year in our base businesses drive margin improvement on a constant mix basis of 1 percentage point or slightly better, maybe up to 1.5 percentage. That's unchanged. | On Track |
2 of TransDigm Group INC's 24 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 21 more targets are in the full ledger.
Claimed
- Q3 revenue saw healthy growth across all three market channels: commercial OEM, commercial aftermarket, and defense.
- Commercial transport aftermarket revenue grew 18% versus the prior year period.
- Commercial OEM revenue increased approximately 17% in Q3 compared with the prior year period.
- Defense market revenue grew by approximately 11% compared with the prior year period.
- EBITDA as defined margin was 52.8% in the quarter, an improvement sequentially.
- Generated strong operating cash flow of over $700 million in Q3 and ended the quarter with nearly $2.8 billion in cash.
- Raised full fiscal year 2026 sales guidance by $150 million and EBITDA as defined guidance by $100 million at the midpoint.
- Agreed to acquire Prince & Izan for approximately $1.1 billion in cash, expected to generate $360 million revenue for CY26.
- Opportunistically deployed $980 million of capital via open market repurchases of common stock in Q3, equating to approximately 800,000 shares at an average price of $1,208 per share.
Qualified
- Withdrew from the acquisition of Stellent in mid-July due to the Department of Justice's intent to challenge the transaction.
- Recent acquisitions contributed more than 2 full percentage points of margin dilution compared to the prior fiscal year quarter.
- Experienced a margin headwind of about 0.5 percentage point in Q3 related to the newly acquired Jet Parts and Victor Sierra operating units.
- Noted that the overall decline in RPMs arising from the conflict in the Middle East has not yet had a material impact, but continues to be monitored.
Price
$1,142.45 +0.27% · +$3.11
Performance −9.8% 1Y
1Y: $1,265.88 on 17 Oct 2025 → $1,142.45. High $1,450 (16 Jan 2026), low $1,076.01 (17 Sept 2026).
- Previous close
- $1,139.34
- 52-week range
- $1,076.01 – $1,450
- One year
- −12.23%
Overview
- Symbol
- TDG
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
6 of 8 judged targets kept · 16 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Stellant Systems acquisition closing | close the agreed acquisition of Stellant Systems from Arlington Capital Partners for approximately $960 million in cash | Dec 2025 | I would like to quickly provide some additional color on our withdrawal from the acquisition of Stellent in mid-July. This was a difficult decision that came after the Department of Justice notified us that they intend to challenge the transaction. | Missed |
| Full-year adjusted EPS guidance | $37.51 | Sep 2025 | The midpoint of adjusted EPS is now expected to be $41.04. | Revised Up |
| Underlying (ex-acquisition, ex-mix) annual EBITDA margin expansion target | 100 to 150 basis points (1% to 1.5%) of margin expansion per year on the base business | Sep 2024 | constant mix, the target is the same for year-over-year margin improvement. We've always been able to and continue to this year in our base businesses drive margin improvement on a constant mix basis of 1 percentage point or slightly better, maybe up to 1.5 percentage. That's unchanged. | On Track |
Claimed
- Q3 revenue saw healthy growth across all three market channels: commercial OEM, commercial aftermarket, and defense.
- Commercial transport aftermarket revenue grew 18% versus the prior year period.
- Commercial OEM revenue increased approximately 17% in Q3 compared with the prior year period.
- Defense market revenue grew by approximately 11% compared with the prior year period.
- EBITDA as defined margin was 52.8% in the quarter, an improvement sequentially.
- Generated strong operating cash flow of over $700 million in Q3 and ended the quarter with nearly $2.8 billion in cash.
- Raised full fiscal year 2026 sales guidance by $150 million and EBITDA as defined guidance by $100 million at the midpoint.
- Agreed to acquire Prince & Izan for approximately $1.1 billion in cash, expected to generate $360 million revenue for CY26.
- Opportunistically deployed $980 million of capital via open market repurchases of common stock in Q3, equating to approximately 800,000 shares at an average price of $1,208 per share.
Qualified
- Withdrew from the acquisition of Stellent in mid-July due to the Department of Justice's intent to challenge the transaction.
- Recent acquisitions contributed more than 2 full percentage points of margin dilution compared to the prior fiscal year quarter.
- Experienced a margin headwind of about 0.5 percentage point in Q3 related to the newly acquired Jet Parts and Victor Sierra operating units.
- Noted that the overall decline in RPMs arising from the conflict in the Middle East has not yet had a material impact, but continues to be monitored.
The full ledger
Open TransDigm Group INC’s full ledger
A free account opens 5 company ledgers a month. All 24 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q2 FY26) — May 5, 2026
TransDigm Group Inc. Q2 FY26 — Strong Aftermarket and Defense Drive Raised Full-Year Guidance
Read the full callDec 2025 (Q1 FY26) — Feb 3, 2026
TransDigm Group Q1 FY26 — Strong Start, Raised Guidance, and Strategic M&A
Read the full callEvery analysed call
TransDigm Group earnings calls (TDG)
Financials
What the filings say
Net profit, year on year: +10% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,186 | 2,006 | 2,150 | 2,237 | 2,438 | 2,285 | 2,544 | 2,741 |
| Operating profit | 943 | 974 | 991 | 1,039 | 1,161 | 1,042 | 1,178 | 1,227 |
| Operating margin | 43.1% | 48.5% | 46.1% | 46.5% | 47.6% | 45.6% | 46.3% | 44.8% |
| Interest | — | 378 | 378 | 397 | — | 475 | 484 | 514 |
| Profit before tax | 606 | 619 | 622 | 635 | 753 | 572 | 700 | 713 |
| Tax rate | 22.8% | 20.4% | 23.0% | 22.4% | 19.1% | 22.2% | 23.4% | 24.3% |
| Net profit | 468 | 493 | 479 | 492 | 610 | 445 | 535 | 539 |
| EPS ($ per share) | — | 7.62 | 8.24 | 8.47 | — | 6.62 | 9.20 | 9.39 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | -2,247 | -3,120 | -4,359 | -3,705 | -3,914 | -2,621 | -7,362 | -10,606 |
| Total liabilities | 14,006 | 19,139 | 22,363 | 22,225 | 21,873 | 21,948 | 31,869 | 32,588 |
| Fixed assets | 388 | 757 | 752 | 770 | 807 | 1,255 | 1,488 | 1,579 |
| Total assets | 12,197 | 16,255 | 18,395 | 19,315 | 18,107 | 19,970 | 25,586 | 22,909 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,022 | 1,015 | 1,213 | 913 | 948 | 1,375 | 2,045 | 2,038 |
| Cash from investing | -684 | -3,889 | 799 | -785 | -553 | -900 | -2,441 | -595 |
| Cash from financing | 1,086 | 2,271 | 1,230 | -70 | -2,148 | -16 | 3,171 | -4,900 |
| Net cash flow | — | -606 | 3,250 | 70 | -1,786 | 471 | 2,789 | -3,453 |
| Capital expenditure | -73 | -102 | -105 | -105 | -119 | -139 | -165 | -222 |
| Free cash flow | 949 | 913 | 1,108 | 808 | 829 | 1,236 | 1,880 | 1,816 |
TDG revenue by segment
Airframe shrank from 47% to 43% of revenue over the last two years.
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Power and Control | — | 51% | 52% | 51% | 53% | 54% | 54% | 55% | +32.5% |
| Airframe | 48% | 47% | 47% | 47% | 45% | 45% | 45% | 43% | +12.1% |
| Non Aviation Related Business | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | +15.0% |
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
Insider filings
563 filings between Oct 20, 2025 and Oct 15, 2026.
Open market
decisions to buy or sellPurchases
$3.84M
8 purchases by 2 insiders
Sales
$457.77M
491 sales by 5 insiders
95% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 17
- Award — granted as compensation
- 44
- Option exercise — converted options into shares
Also filed: 2 other filings, 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Stein Kevin M | — | $186.47M | Feb 2, 2026 |
| SMALL ROBERT J | $1.3K | $127.55M | Feb 25, 2026 |
| Howley W Nicholas | — | $78.87M | Aug 18, 2026 |
| Reiss Joel | — | $62.52M | Oct 15, 2026 |
| Lisman Michael | $3.84M | — | Feb 6, 2026 |
| Murphy Patrick Joseph | — | $2.36M | Feb 2, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 210 | $237.8K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 278 | $313.0K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 30 | $33.6K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 131 | $147.1K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 60 | $67.3K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 50 | $55.8K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 130 | $147.1K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 100 | $111.4K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Option exercise 10b5-1 plan | 4,100 | $1.17M |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 20 | $22.2K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 600 | $675.0K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 100 | $113.0K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 100 | $111.9K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 150 | $169.4K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 495 | $561.8K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 305 | $343.7K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 317 | $359.4K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 120 | $135.3K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 438 | $497.5K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 60 | $67.0K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 100 | $111.5K |
| Oct 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 306 | $343.9K |
| Sep 18, 2026 | SMALL ROBERT J Director | Other | 0 | $0 |
| Sep 18, 2026 | MCCULLOUGH GARY E Director | Award | 41 | $44.5K |
| Sep 18, 2026 | HENNESSY SEAN P Director | Award | 46 | $49.9K |
| Sep 18, 2026 | Krasik Irina Igorevna Director | Award | 13 | $14.1K |
| Sep 18, 2026 | BARR DAVID Director | Award | 46 | $49.9K |
| Sep 18, 2026 | CRONIN JANE M. Director | Award | 34 | $36.9K |
| Sep 18, 2026 | Howley W Nicholas Director | Award | 126 | $136.7K |
| Sep 18, 2026 | Palmer Peter Director | Award | 34 | $36.9K |
| Sep 18, 2026 | Santana Michele Director | Award | 34 | $36.9K |
| Sep 18, 2026 | Graff Michael Director | Award | 34 | $36.9K |
| Sep 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 20 | $22.3K |
| Sep 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 20 | $22.4K |
| Sep 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 225 | $246.4K |
| Sep 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 196 | $214.8K |
| Sep 15, 2026 | Reiss Joel Co-Chief Operating Officer | Option exercise 10b5-1 plan | 3,900 | $1.11M |
| Sep 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 5 | $5.5K |
| Sep 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 170 | $185.7K |
| Sep 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 40 | $44.3K |
| Sep 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 240 | $260.4K |
| Sep 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 110 | $119.5K |
| Sep 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 30 | $33.3K |
| Sep 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 10 | $10.9K |
| Sep 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 100 | $109.1K |
| Sep 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 70 | $76.3K |
| Sep 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 120 | $130.5K |
| Sep 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 282 | $308.3K |
| Sep 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 125 | $138.1K |
| Sep 15, 2026 | Reiss Joel Co-Chief Operating Officer | Sale 10b5-1 plan | 60 | $66.0K |
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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