The strong beat and reaffirmed outlook should drive near-term bullish momentum. However, watch for Q2 guidance (near-flat revenue, weak bookings) which may temper follow-through. Monitor earnings call for commentary on Middle East impact and debt reduction progress.
Price Chart
Executive Summary
Sabre reported strong Q1 2026 results, with revenue up 8% YoY to $760M and Adjusted EPS of $0.06, well above the Street consensus of -$0.09. The company exceeded its own Q1 guidance and reaffirmed full-year Pro Forma Adjusted EBITDA guidance of $585M. Air distribution bookings grew 6%, the highest in two years, signaling continued travel recovery and market share gains.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $760M, +8% YoY vs $702M
- GAAP diluted EPS from continuing ops $0.02 vs -$0.01 YoY
- Adjusted EPS $0.06 vs Street consensus of -$0.09 (beat by ~167%)
- Normalized Adjusted EBITDA $169M, +21% YoY
- Air bookings grew 6% YoY, highest in over two years
- Full-year 2026 guidance reaffirmed: Pro Forma Adjusted EBITDA $585M, FCF -$70M Q2
- Ended quarter with $665M cash; net debt $3.8B
- Q2 guidance assumes Middle East conflict subsides; revenue flat-to-nominal YoY
Financial Impact
Q1 revenue beat implied guidance by ~$30M; Adjusted EPS surprise of ~$0.15 vs consensus
Risk Factors
- High net debt of $3.8B remains a burden; FCF negative -$155M in Q1
- Q2 guidance implies near-flat revenue and bookings, vulnerable to macro or geopolitical shocks
- Middle East conflict and fuel prices could disrupt air travel recovery
- Low market cap ($723M) amplifies volatility
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-031703 |
| Document: sabr-20260507.htm | 0001628280-26-031703 |
| Document: 0001628280-26-031703-index-headers.html | 0001628280-26-031703 |
| Document: 0001628280-26-031703-index.html | 0001628280-26-031703 |
| Document: 0001628280-26-031703.txt | 0001628280-26-031703 |
| 8-K Data (Synthetic) | 0001628280-26-031703 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | Press Release | $1.79 $1.68 | ▼ −6.15% | ▼ −5.04% | $1.64 (−8.38%) |
Oct 14, 2026 12d ago | 8-K | $1.78 $1.79 | ▲ +0.56% | ▲ +0.28% | $1.64 (−7.87%) |
Sep 28, 2026 28d ago | 8-K | $2.13 $2.12 | ▼ −0.47% | ▼ −0.26% | $1.64 (−23.00%) |
Sep 25, 2026 4w ago | Press Release | $2.10 $2.13 | ▲ +1.43% | ▲ +1.61% | $1.64 (−21.90%) |
Aug 6, 2026 11w ago | Press Release | $2.24 $2.07 | ▼ −7.59% | ▼ −8.20% | $1.64 (−26.79%) |
Aug 6, 2026 11w ago | 8-K | $2.24 $2.07 | ▼ −7.59% | ▼ −8.20% | $1.64 (−26.79%) |
Jun 11, 2026 19w ago | Institutional Cluster | $1.68 $1.70 | ▲ +1.19% | ▲ +0.65% | $1.64 (−2.38%) |
May 19, 2026 22w ago | 8-K | $1.58 $1.56 | ▼ −1.27% | ▼ −1.46% | $1.64 (+3.93%) |
May 7, 2026 24w ago | 8-K | $2.06 $2.04 | ▼ −0.97% | ▼ −1.80% | $1.64 (−20.31%) |
Apr 14, 2026 27w ago | DEFA14A | $1.56 $1.75 | ▲ +12.20% | ▲ +11.42% | $1.64 (+5.26%) |
US Market Status
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