The third consecutive EPS miss (Mar 2026 -19.9%, Dec 2025 -11.5%, Jun 2025 +18.1%) signals a deteriorating earnings trajectory that the market has not fully priced. Despite strong Aerospace Products growth and a large FTAI Power contract, the Aviation Leasing guidance cut and declining net income suggest the asset-light transition is compressing margins. Traders should watch the Q2 2026 10-Q for cash flow details and monitor whether the Street consensus for Jun 2026 ($1.32) gets revised downward.
Price Chart
Executive Summary
FTAI reported Q2 2026 EPS of $1.13 diluted ($1.15 basic), a 28% miss vs $1.52 consensus, with total revenue of $953.1M (+41% YoY) but below the $900.4M estimate on a different metric basis. Aerospace Products revenue surged 78% to $875.0M and segment Adjusted EBITDA rose 51% to $249.7M, but the headline EPS miss and a 17% cut in Aviation Leasing 2026 guidance ($575M to $475M) overshadowed the operational strength. The company introduced 2027 Adjusted EBITDA guidance of $2.3B and announced a $1.465B FTAI Power contract, but the persistent earnings shortfall vs consensus for the third consecutive quarter is a clear negative signal.
Key Financial Metrics
Key Facts
- Q2 2026 diluted EPS of $1.13 missed consensus of $1.52 by 25.7% (basic $1.15 vs $1.52 est, -24.3%)
- Total revenue $953.1M, up 41% YoY from $676.2M
- Aerospace Products revenue $875.0M (+78% YoY); segment Adjusted EBITDA $249.7M (+51%)
- FTAI Power announced a $1.465B customer contract for 2027 delivery
- 2026 Aviation Leasing guidance cut from $575M to $475M (17% reduction)
- Introduced 2027 Adjusted EBITDA guidance of $2.3B ($1.4B Aerospace Products, $450M FTAI Power, $450M Aviation Leasing)
- Dividend increased to $0.50/share, fourth consecutive quarterly increase
- Net income attributable to shareholders $117.6M, down 27% from $161.7M in Q2 2025
- Adjusted EBITDA (consolidated) $291.4M, down 16% from $347.8M in Q2 2025
Financial Impact
EPS miss of ~$0.39 (25.7% below consensus) on a $21.8B market cap; guidance cut of $100M in Aviation Leasing segment
Risk Factors
- Persistent EPS misses may trigger further consensus downgrades
- Aviation Leasing segment restructuring could pressure near-term profitability
- Forward guidance relies on execution of large contracts and SPV deployment
- High leverage with $3.45B long-term debt vs $404M 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-3335598 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | SC 13G | $157.61 | awaiting T+1 | — | $158.35 (+0.47%) |
Oct 6, 2026 21d ago | Press Release | $179.44 $174.83 | ▼ −2.57% | ▼ −2.33% | $158.35 (−11.75%) |
Sep 28, 2026 29d ago | Press Release | $167.10 $168.93 | ▲ +1.10% | ▲ +1.28% | $158.35 (−5.24%) |
Sep 23, 2026 4w ago | Press Release | $186.01 $174.53 | ▼ −6.17% | ▼ −6.09% | $158.35 (−14.87%) |
Sep 15, 2026 5w ago | Press Release | $189.83 $195.07 | ▲ +2.76% | ▲ +1.63% | $158.35 (−16.58%) |
Jul 29, 2026 12w ago | Press Release | $197.50 $206.00 | ▼ −4.30% | ▼ −3.60% | $158.35 (+19.82%) |
Jul 7, 2026 16w ago | Press Release | $227.55 $216.10 | ▼ −5.03% | ▼ −4.72% | $158.35 (−30.41%) |
Jun 30, 2026 17w ago | Press Release | $270.53 $261.83 | ▼ −3.22% | ▼ −3.08% | $158.35 (−41.47%) |
Jun 25, 2026 17w ago | 15-12G | $268.40 $260.08 | ▼ −3.10% | ▼ −2.38% | $158.35 (−41.00%) |
Apr 1, 2026 29w ago | Press Release | $249.81 $242.69 | ▼ −2.85% | ▼ −2.93% | $158.35 (−36.61%) |
US Market Status
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