Strong Q1 beat with accelerating Aerospace Products momentum; listen to the April 30 conference call for FY2026 guidance updates, Mod-1 production timeline, and SCI II fundraising progress. The credit facility expansion and dividend increase signal confidence in cash flow generation.
Price Chart
Executive Summary
FTAI Aviation reported Q1 2026 revenue of $830.7M, beating consensus of $733.5M by 13.2%, with diluted EPS of $1.29 (up 48% YoY). Aerospace Products revenue surged 104% YoY to $743.8M, the company increased its dividend for the third consecutive quarter to $0.45/share, upsized its credit facility to $2.025B, and announced a strategic JV with Jereh Group for Mod-1 production. The strong operating momentum supports the previously raised FY2026 Adjusted EBITDA guidance of $1.525B-$1.625B.
Key Financial Metrics
Key Facts
- Q1 2026 total revenue $830.7M vs consensus $733.5M (beat +13.2%)
- Diluted EPS $1.29 vs $0.87 YoY (+48.3%)
- Aerospace Products revenue $743.8M, up 104% YoY
- Adjusted EBITDA $325.6M, up 21% YoY from $268.6M
- Dividend increased to $0.45/share from $0.40 (third consecutive quarterly increase)
- Credit facility upsized from $400M to $2.025B, extended to April 2031
- SCI I warehouse financing facility upsized from $2.5B to $3.5B
- Strategic JV with Jereh Group for Mod-1 CFM56 aeroderivative units targeting 100 units in 2027
Financial Impact
Revenue beat consensus by ~$97M (13.2%); EPS up 48% YoY; Adjusted EBITDA up 21% YoY to $325.6M
Risk Factors
- Execution risk on FTAI Power Mod-1 production and 2027 target of 100 units
- Potential supply chain disruptions or aerospace industry downturn
- Concentration risk from Aerospace Products segment driving growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-028390 |
| Document: ftai-20260429.htm | 0001628280-26-028390 |
| Document: 0001628280-26-028390-index-headers.html | 0001628280-26-028390 |
| Document: 0001628280-26-028390-index.html | 0001628280-26-028390 |
| Document: 0001628280-26-028390.txt | 0001628280-26-028390 |
| 8-K Data (Synthetic) | 0001628280-26-028390 |
Filters
| Type | Now | ||||
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May 1, 2026 25w ago | S-3ASR | $25.40 $24.97 | ▼ −1.69% | ▼ −7.34% | — |
May 1, 2026 25w ago | 144 | $25.40 $24.97 | ▼ −1.69% | ▼ −7.34% | — |
Apr 29, 2026 25w ago | 8-K | $24.82 $24.93 | ▲ +0.47% | ▼ −4.75% | — |
Apr 29, 2026 25w ago | 8-K | $24.82 $24.93 | ▲ +0.47% | ▼ −4.75% | — |
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