The strong beat and raised guidance across all metrics, combined with $905M in YTD buybacks and accretive M&A, signal accelerating momentum in commercial aerospace aftermarket. Watch for Q3 results to confirm guidance trajectory and monitor Stellant Systems acquisition close for further upside.
Price Chart
Executive Summary
TransDigm Group reported strong fiscal Q2 2026 results with net sales of $2,544 million (up 18% YoY) and GAAP EPS of $9.20 (up 12% YoY), beating the Street consensus of $9.44 on adjusted EPS of $9.85. The company raised its full-year fiscal 2026 guidance across all key metrics, citing broad-based double-digit growth across commercial aftermarket, OEM, and defense channels, and completed $2.2B in acquisitions and $905M in year-to-date share repurchases.
Key Financial Metrics
Key Facts
- Q2 net sales of $2,544M, up 18% YoY from $2,150M
- GAAP EPS of $9.20, up 12% from $8.24 YoY
- Adjusted EPS of $9.85, up 8% from $9.11 YoY
- EBITDA As Defined of $1,337M, up 15% from $1,162M YoY, margin 52.6%
- Raised FY2026 guidance: sales to $10,300-$10,420M (up $420M at midpoint), EBITDA As Defined to $5,370-$5,470M (up $210M), adjusted EPS to $38.83-$40.21 (up $1.14)
- Completed $2.2B acquisition of Jet Parts Engineering and Victor Sierra post-quarter
- Repurchased $905M in shares YTD, including $723M in Q2
- Commercial aftermarket revenue grew 16% in commercial transport segment
- Organic sales growth of 11.0% in Q2
Financial Impact
Revenue beat consensus by ~$74M (2.99%), adjusted EPS of $9.85 beat consensus of $9.44 by 4.3%
Risk Factors
- Higher interest expense from $2.7B in new debt issued YTD could pressure net income growth
- Uncertainty in broader aerospace environment may impact commercial aftermarket growth
- Integration risk from $2.2B in recent acquisitions
- GAAP net income guidance implies a slight decline YoY due to interest expense
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001260221-26-000039 |
| Document: tdg-20260505.htm | 0001260221-26-000039 |
| Document: 0001260221-26-000039-index-headers.html | 0001260221-26-000039 |
| Document: 0001260221-26-000039-index.html | 0001260221-26-000039 |
| Document: 0001260221-26-000039.txt | 0001260221-26-000039 |
| 8-K Data (Synthetic) | 0001260221-26-000039 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 8-K | $1,111.22 $1,109.65 | ▼ −0.14% | ▼ −0.25% | $1,090.38 (−1.88%) |
Sep 14, 2026 18d ago | 8-K | $1,111.22 $1,109.65 | ▼ −0.14% | ▼ −0.25% | $1,090.38 (−1.88%) |
Aug 19, 2026 6w ago | Insider Cluster | $1,222.91 $1,207.06 | ▼ −1.30% | ▼ −0.91% | $1,090.38 (−10.84%) |
Aug 4, 2026 8w ago | 8-K | $1,275.05 $1,242.04 | ▼ −2.59% | ▼ −2.49% | $1,090.38 (−14.48%) |
Aug 4, 2026 8w ago | Press Release | $1,275.05 $1,242.04 | ▼ −2.59% | ▼ −2.49% | $1,090.38 (−14.48%) |
Jul 27, 2026 9w ago | 8-K | $1,286.27 $1,254.38 | ▼ −2.48% | ▼ −3.55% | $1,090.38 (−15.23%) |
Jul 27, 2026 9w ago | Press Release | $1,286.27 $1,254.38 | ▼ −2.48% | ▼ −3.55% | $1,090.38 (−15.23%) |
Jul 24, 2026 10w ago | Press Release | $1,286.27 $1,254.38 | ▼ −2.48% | ▼ −3.55% | $1,090.38 (−15.23%) |
Jul 24, 2026 10w ago | 8-K | $1,236.71 $1,249.91 | ▲ +1.07% | ▲ +0.69% | $1,090.38 (−11.83%) |
Jul 21, 2026 10w ago | Insider Cluster | $1,205.49 $1,286.27 | ▲ +6.70% | ▲ +7.93% | $1,090.38 (−9.55%) |
US Market Status
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