The strong operational turnaround and $533M backlog provide visibility into sustained revenue growth. Traders should watch for continued margin expansion in H2 2026 and potential contract announcements that could further de-risk the backlog conversion. The stock's small float may amplify moves on positive news flow.
Price Chart
Executive Summary
CPI Aerostructures reported Q2 2026 revenue of $17.6M (+15.8% YoY) and net income of $0.7M vs a $(1.3M) loss last year, with gross margin expanding to 22.0% from 4.4%. The company highlighted a $533M total backlog and $62M in year-to-date contract awards, signaling strong demand and operational turnaround. The filing is bullish given the clear inflection in profitability and margin expansion, though the small market cap ($73M) tempers impact magnitude.
Key Financial Metrics
Key Facts
- Revenue grew 15.8% YoY to $17.6M in Q2 2026 from $15.2M
- Gross margin expanded to 22.0% from 4.4% YoY, driven by favorable product mix
- Net income of $0.7M vs net loss of $(1.3M) in Q2 2025
- Adjusted EBITDA of $1.4M vs $(1.7M) in prior year quarter
- Total backlog of $533M, including $62M in new contract awards YTD 2026
- EPS of $0.05 vs $(0.10) loss per share in Q2 2025
Financial Impact
Revenue up $2.4M YoY; gross profit up $3.2M; net income swing of +$2.0M vs loss
Risk Factors
- Dependence on U.S. defense budget and program continuity
- Backlog conversion timing risk; $433M of $533M backlog is unfunded
- High leverage with $19M in total debt vs $28M equity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3344973 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 13, 2026 10w ago | Press Release | $5.86 | awaiting T+60 | — | $4.77 (−18.60%) |
May 26, 2026 21w ago | Press Release | $5.09 $5.67 | ▲ +11.39% | ▲ +8.67% | $4.77 (−6.29%) |
May 18, 2026 23w ago | 8-K | $4.20 $5.48 | ▲ +30.48% | ▲ +25.63% | $4.77 (+13.57%) |
Apr 15, 2026 27w ago | EFFECT | $3.44 $5.16 | ▼ −50.00% | ▼ −41.86% | $4.77 (−38.66%) |
Apr 7, 2026 28w ago | S-3/A | $3.25 $5.47 | ▼ −68.31% | ▼ −55.04% | $4.77 (−46.77%) |
Mar 31, 2026 29w ago | 8-K | $3.41 $5.30 | ▼ −55.43% | ▼ −42.05% | $4.77 (−39.88%) |
Mar 9, 2026 33w ago | Press Release | $4.81 $5.10 | ▲ +6.03% | ▼ −5.96% | $4.77 (−0.83%) |
Mar 3, 2026 33w ago | Press Release | $4.52 $4.92 | ▲ +8.85% | ▼ −1.47% | $4.77 (+5.53%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers