Ducommun's strong beat and record revenue signal robust demand in commercial aerospace and defense. However, management flagged potential destocking headwinds in 2H 2026. Traders should watch for confirmation of sustained margin expansion and any guidance updates in subsequent quarters.
Price Chart
Executive Summary
Ducommun reported Q1 2026 revenue of $209.0M (beat consensus by 4.6%) and non-GAAP adjusted diluted EPS of $0.75 (beat by 4.2%), driven by 18% growth in commercial aerospace. Margins improved, with adjusted EBITDA margin reaching 16.9%. The company noted potential destocking headwinds in later quarters but remains confident in its VISION 2027 targets.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $209.0M, +9% YoY, record quarterly revenue
- Non-GAAP adjusted diluted EPS $0.75 vs consensus $0.72 (beat 4.2%)
- GAAP diluted EPS $0.64, net income $9.9M (+607% YoY)
- Commercial aerospace revenue +18% YoY; defense +4%
- Gross margin 26.9% (+70 bps YoY), Adjusted EBITDA margin 16.9% (+150 bps YoY)
- Operating cash flow $11.2M vs $0.8M in prior year period
Financial Impact
Revenue beat of ~$9.2M and adjusted EPS beat of $0.03
Risk Factors
- Destocking headwinds in commercial aerospace later in 2026
- Dependence on defense spending and U.S. government budgets
- Tariff and supply chain disruptions
- High stock-based compensation impacting GAAP earnings
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3292603 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 27, 2026 8w ago | Press Release | $183.93 | awaiting T+60 | — | $163.52 (−11.10%) |
Aug 15, 2026 10w ago | Institutional Cluster | $205.23 | awaiting T+60 | — | $163.52 (−20.32%) |
Jul 23, 2026 13w ago | Press Release | $175.51 $170.59 | ▼ −2.80% | ▼ −7.36% | $163.52 (−6.83%) |
Jun 11, 2026 19w ago | Institutional Cluster | $165.00 $168.32 | ▲ +2.01% | ▼ −2.38% | $163.52 (−0.90%) |
May 22, 2026 22w ago | Insider Cluster | $150.03 $200.16 | ▼ −33.41% | ▼ −30.69% | $163.52 (−8.99%) |
May 22, 2026 22w ago | Insider Cluster | $150.03 $200.16 | ▼ −33.41% | ▼ −30.69% | $163.52 (−8.99%) |
May 20, 2026 22w ago | Insider Cluster | $142.92 $205.23 | ▼ −43.60% | ▼ −39.30% | $163.52 (−14.41%) |
May 12, 2026 23w ago | Press Release | $145.03 $201.46 | ▲ +38.91% | ▲ +34.53% | $163.52 (+12.75%) |
May 8, 2026 24w ago | 10-K/A | $137.23 $191.86 | ▼ −39.81% | ▼ −34.97% | $163.52 (−19.16%) |
May 4, 2026 25w ago | 8-K | $142.56 $183.43 | ▲ +28.67% | ▲ +25.93% | $163.52 (+14.70%) |
US Market Status
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