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AVEX +20.16% on Nov 12 · Analysis updated Nov 12, 2026, 10:40 AM ET
Why is AEVEX Corp. (AVEX) stock up?
AEVEX reported its third quarter after Wednesday's close. Revenue rose 56.5% to $189.7 million, well above the roughly $149 million analysts expected, and adjusted EBITDA (operating profit before interest, taxes, depreciation and some one-off items) rose to $30.8 million from $17.8 million, a 16.2% margin. It raised its 2026 revenue forecast to $820-840 million from $700-720 million and its adjusted EBITDA forecast to $128-132 million from $105-111.5 million; management said about half the increase came from its core drone business and half from drone-boat maker BlackSea, bought in September, and that about 96% of the new midpoint is backed by funded orders. It posted a net loss of $16.8 million, mainly from a $41.7 million tax charge linked to the BlackSea deal. By about 10:30 AM ET the stock was up about 20% at $14.58.
News behind the analysis
- AEVEX lifts 2026 forecast to $840 million after drone-boat deal2026 revenue forecast raised by about $120 million at the midpoint; third-quarter revenue up 56.5% to $189.7 million; Airborne Systems up 67.1%.
- Why Is AEVEX Stock Soaring Thursday?Revenue beat the $149.44 million estimate; full-year outlook of $820-840 million versus a $743.05 million estimate; loss of 40 cents a share.
- AEVEX Analysts Revise Their Forecasts Following Q3 ResultsPiper Sandler raised its target to $15 (Neutral); Needham lowered its target to $30 from $45, keeping a positive rating.
- Earnings call transcript: AEVEX jumps on q3 growth, raised outlook and backlogAbout 96% of the outlook midpoint backed by funded backlog; half the raise from core business, half from BlackSea; Ukraine-related revenue to wind down.
- AEVEX Q3 2026 slides: core business surges as Ukraine revenue fadesBook-to-bill 1.32, $16.6 billion pipeline, funded backlog $444.3 million.
In the Daily Standout
- November 12, 2026: on the shortlist +20.16%