AerCap Holdings N.V. · AER · FY2026 Q3 · Calendar Q4 2026
AerCap raises full-year EPS guidance after record Q3
AerCap’s Q3 supports a constructive operating picture: constrained aircraft supply, strong lease demand, and robust maintenance and asset-sale contributions helped drive record performance. The key question is how much of the unusually strong maintenance and asset-sale contribution can persist as fuel-price and leverage risks remain.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Management described record third-quarter performance, raised full-year adjusted EPS guidance to $20.70, and highlighted a strong order book, high asset-sale gains, and elevated maintenance contributions. The quarter also added detail on capital deployment capacity and continued shareholder returns.
Guidance delta
Full-year adjusted EPS guidance was raised to $20.70 from $16.80 in the prior quarter.
Key takeaways
- Lease demand remains supported by constrained aircraft supply and demand for newer-technology and freighter aircraft.
- Asset sales and maintenance made unusually strong contributions, including a reported 45% unlevered gain-on-sale margin and $453 million of year-to-date net maintenance contribution.
- Management highlighted approximately $22 billion of liquidity, capital deployment capacity, and continued share repurchases and dividend growth.
Management priorities
- Expand the order book through 2028 with new-technology assets.
- Deploy capital across acquisitions, growth opportunities, and the announced share-repurchase program.
- Monetize older assets through the engine and parts businesses while managing leverage.
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Try FN2 freeCompany context
Snapshot as of publicationAerCap Holdings N.V., a company founded in 1995 and based in Dublin, Ireland, operates extensively in the global aviation industry. The firm specializes in the acquisition, leasing, funding, sale, and general management of commercial aircraft and engines. Its operations span crucial international markets, including China, Hong Kong, Macau, the United States, and Ireland, alongside its broader global activities. A core component of AerCap's business involves a comprehensive suite of aircraft asset management services. These services range from remarketing aircraft and engines to diligently collecting rental and maintenance fees, overseeing aircraft upkeep, and ensuring strict adherence to contractual terms. They manage the complete asset lifecycle, facilitating equipment handovers (delivery and redelivery), and conducting continuous financial evaluations of lessees.…
Industrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| ODFL Old Dominion Freight Line, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -6.2% | ODFL: Strong Q3 growth, with Q4 cost pressure in view |
| GEV GE Vernova Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -1.4% | GE Vernova raises 2026 outlook as orders and margins accelerate |
| WM Waste Management, Inc. | FY2026 Q3 · Calendar Q4 2026 | -1.4% | -3.2% | WM reaffirms guidance as technology and pricing support margins |
| ITW Illinois Tool Works Inc. | FY2026 Q3 · Calendar Q4 2026 | +2.4% | -0.1% | ITW raises EPS guidance as Q3 demand stays strong |
| UPS United Parcel Service, Inc. | FY2026 Q3 · Calendar Q4 2026 | +4.3% | +5.8% | UPS raises 2026 outlook as premium volumes support margins |
| PNR Pentair plc | FY2026 Q3 · Calendar Q4 2026 | +9.3% | +12.8% | Pentair tops Q3 expectations as Taco closes and pool destock ends |
Latest beats and misses
Who reports nextBeat on EPS
- HLTFY2026 Q3 · October 27, 2026+3.4% EPS-2.1% move
- SPGIFY2026 Q3 · October 27, 2026+3.4% EPS-0.4% move
- PYPLFY2026 Q3 · October 27, 2026+10.7% EPS+2.0% move
- CMSAFY2026 Q3 · October 27, 2026+6.7% EPS0.0% move
- ITWFY2026 Q3 · October 27, 2026+2.4% EPS-0.1% move
- IQVFY2026 Q3 · October 27, 2026+2.5% EPS-0.7% move
Missed on EPS
- WMFY2026 Q3 · October 27, 2026-1.4% EPS-3.2% move
- ARCCFY2026 Q3 · October 27, 2026-3.4% EPS-0.5% move
- WSOFY2026 Q3 · October 27, 2026-8.0% EPS-1.4% move
- IVZFY2026 Q3 · October 27, 2026-2.7% EPS-0.4% move
- SHWFY2026 Q3 · October 27, 2026-1.6% EPS-2.7% move
- BAFY2026 Q3 · October 27, 2026-33.4% EPS-10.7% move
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Sources
- Earnings call transcript and parsed analysis · 2026-10-28T16:04:42.208280+00:00
- FN2 earnings calendar · 2026-10-28T01:23:13.546025+00:00
- Polygon adjusted daily market bars · 2026-10-28T17:30:48.864049+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-28T17:30:48.860744+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-28. For educational purposes only; not investment advice.