Astronics Highlights Q4 Revenue Outlook, $669M Backlog and Refinancing at NEDM Conference

3 weeks ago 15

MarketBeat

Tue, January 13, 2026 astatine 8:31 AM CST 8 min read

Astronics logo

Q4 guidance and backlog: Management expects Q4 gross of astir $236–$239 million with bookings adjacent $257 million$669 million, which the institution says supports a 2026 gross people of $950–$990 million.
Refinancing and liquidity improvement: Astronics issued $225 million of 0% convertible bonds and repurchased astir $132 million (≈80%) of 5.5% convertibles—removing ~5.8 cardinal shares of imaginable dilution—while moving to a $300 million cash‑flow revolver (SOFR+2) and reporting astir $169 million disposable liquidity.
Market vulnerability and maturation drivers: The concern is ~70% tied to commercialized aerospace with fractional of aerospace income from in‑flight entertainment/connectivity (roughly 50% retrofit and 50% line‑fit), and absorption highlighted programs similar the Army’s FLRAA (>$1M contented per V‑280) and a $215M Test IDIQ arsenic cardinal upside opportunities.
Interested successful Astronics Corporation? Here are 5 stocks we similar better.

Let the Good Times Roll: 2 Stocks Showing No Signs of Slowing

Astronics (NASDAQ:ATRO) executives utilized a presumption astatine the 28th Annual NEDM Growth Conference to outline the company’s marketplace exposure, merchandise strategy, caller acquisitions, and financing activity, portion besides providing preliminary fourth-quarter expectations and discussing drivers of request successful commercialized aerospace.

Chairman, President and CEO Peter Gundermann said the institution reports successful 2 segments, with Aerospace representing the immense bulk of gross and Test representing a smaller information that is “consistently astir 10%.” By extremity market, Gundermann said Astronics is “about 70%” exposed to commercialized aerospace, with astir 21% coming from authorities sources (typically defense) and astir 10% tied to wide aviation.

→ Inside D-Wave’s Major Acquisition—What Changes for Investors

Astronics Corporation: Up 100% YTD successful May and Heading Higher

Gundermann attributed the company’s crisp pandemic-era diminution and consequent rebound to its outsized vulnerability to commercialized transport, noting income were astir chopped successful fractional from pre-COVID levels erstwhile commercialized accumulation rates fell. He said the company’s income past twelvemonth returned to pre-pandemic levels and pointed to a caller property merchandise indicating expectations for 2026 measurement to beryllium 10% to 15% higher than 2025.

Gundermann described Astronics’ strategy astir 3 large merchandise areas wrong Aerospace. He said astir fractional of income are tied to in-flight amusement and connectivity, including onboard power, record servers, wireless entree points, and hardware supporting outer oregon air-to-ground connectivity. He said Astronics works with amusement strategy providers arsenic good arsenic connectivity companies and airlines, citing relationships with “200, 250 airlines astir the world.”