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ATRO · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Astronics Corp (ATRO) stock moving?
Astronics reported Q3 2026 sales of $271.7M, up 28.5% year over year, with record operating income of $54.0M (19.9% margin) and adjusted EBITDA of $59.3M (21.8% of sales). Q3 adjusted EPS of $0.81 beat the $0.73 estimate, and sales beat the $268.0M estimate. Bookings were $271.1M for a book-to-bill of 1.00, backlog reached $780.0M, and Aerospace book-to-bill was 1.05, above 1 for five straight quarters. The company affirmed FY2026 sales guidance of $1.020B-$1.040B, slightly above the $1.018B estimate. The main negative is Q4 sales guidance of $255M-$275M, whose $265M midpoint is below the $274.6M consensus. The stock fell from $60.91 on Nov 3 to $52.88 on Nov 5 on heavy volume, then recovered to $62.00 on Nov 10 on 890,822 shares, the highest volume in the 30-day data. That close is near the Oct 29 high of $64.22. The news items do not explain the early-November drop, so the rebound is best read as a reaction to the earnings report.
News behind the analysis
- Astronics Q3 2026 Earnings Call TranscriptAstronics reported third-quarter 2026 results on Nov 10, and the earnings call transcript was published.
- Astronics Sees Q4 Sales $255.000M-$275.000M vs $274.570M EstQ4 2026 sales guidance of $255M-$275M has a midpoint of $265M, below the $274.57M consensus estimate.
- Astronics Affirms FY2026 Sales Guidance of $1.020B-$1.040B vs $1.018B EstThe company kept its full-year 2026 sales guidance at $1.020B-$1.040B, slightly above the $1.018B estimate.
- Astronics Q3 Adj. EPS $0.81 Beats $0.73 Estimate, Sales $271.679M Beat $268.028M EstimateQ3 adjusted EPS of $0.81 beat the $0.73 estimate, and sales of $271.679M beat the $268.028M estimate.
- Astronics Corporation Announces Fiscal Year 2026 Third Quarter Financial Results Conference Call and WebcastAstronics scheduled its Q3 2026 results conference call and webcast for November 10, 2026.
About Astronics Corp
Astronics, based in East Aurora, New York, makes electronic systems for aircraft, including in-seat power, inflight entertainment and connectivity hardware, cabin lighting, and electrical power systems. It also has a smaller business making automated test equipment, and it has guided to roughly $1 billion or more in annual revenue for 2026 for the first time.
How it makes money
Most of its revenue comes from the Aerospace segment, which made about $237 million of roughly $260 million in sales in Q2 2026, or about 90%. That segment sells to airlines, aircraft makers such as Boeing and Airbus, business jet builders and defense programs. Its largest product lines are inflight entertainment and connectivity products, including passenger power outlets, plus lighting and safety systems, electrical power systems and seat motion parts. The smaller Test Systems segment, about 10% of sales, builds automated testing equipment for defense and other customers.
What usually moves ATRO
- Commercial aircraft production rates at Boeing and Airbus
- Airline spending on cabin upgrades and passenger connectivity
- Order backlog and quarterly earnings versus guidance
- Defense program and test-system contract awards
- Patent litigation (e.g., Lufthansa Technik case) and debt levels