Analyst Consensus ?
ConsensusBuy19 ratings
Bullish19100.0%
Neutral00.0%
Bearish00.0%
FTAI Aviation Ltd. · FTAI · FY2026 Q2 · Calendar Q3 2026
FTAI shifts toward asset-light growth as aerospace demand stays strong
FTAI's Q2 update supports a strong demand and growth narrative in aerospace products and power, but the investment case is becoming more dependent on execution, capacity expansion, and the asset-light SCI transition.
Reported After market closeNASDAQIndustrials
$19.23B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.13
Consensus $1.36
EPS surprise
-16.9%
Reported versus consensus
Reported revenue
$953.1M
Consensus $895.3M
Revenue surprise
+6.5%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+0.1%
Event window
SPY move
+1.7%
Same window
Abnormal move
-1.6%
Stock minus SPY
Volume
3.4×
Versus trailing sessions
Subsequent drift
+1.0%
Up to 20 sessions
FTAISPY benchmark
Ask FN2 about FTAI FY2026 Q2
Transcript, numbers and history already loaded
Why did FTAI rise 0.1% after missing EPS estimates in FY2026 Q2?What changed in FTAI's guidance and outlook in FY2026 Q2?Give me the bull and bear case for FTAI after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Aerospace Products revenue growth and market share increased, module production targets expanded, and FTAI disclosed a $1.465 billion Mod-1 master supply agreement with a U.S. hyperscaler. Management also described lower near-term Aviation Leasing EBITDA as the business shifts toward SCI.
Guidance delta
Management maintained its guidance stance and set 2027 total EBITDA guidance at $2.3 billion, with $1.4 billion from Aerospace, $450 million from Leasing/SCI, and $450 million from Power.
Key takeaways
- Aerospace Products revenue rose 78% year over year and market share reached 14%.
- The Mod-1 power program has a large hyperscaler supply agreement, with testing underway and commercial launch expected in Q4 2026.
- FTAI is expanding production capacity and regional shop partnerships while preparing for LEAP maintenance entry in 2028-2029.
- The asset-light transition lowers near-term Aviation Leasing EBITDA, making SCI execution and the new capacity build-out important watchpoints.
Management priorities
- Scale module production and add the planned Lisbon facility.
- Operationalize shop partnerships in Jakarta and Cairo.
- Complete the LEAP test cell in Rome and prepare for future LEAP maintenance.
- Accelerate Mod-1 production, secure additional power contracts, and pursue capacity-enhancing acquisitions.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$187.27Current
$37Low
$245.11Average
$400High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 31, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Outperform | Outperform | Maintain | Oct 28, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Oct 19, 2026 |
| Barclays | Overweight | Overweight | Maintain | Sep 16, 2026 |
| BTIG | Buy | Buy | Maintain | Aug 4, 2026 |
| Citizens | Market Outperform | Market Outperform | Maintain | Jul 15, 2026 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | May 8, 2025 |
| Stifel | Buy | Hold | Upgrade | May 2, 2025 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Jan 10, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | Dec 17, 2024 |
| Compass Point | Buy | Buy | Maintain | Dec 17, 2024 |
| Benchmark | Buy | Buy | Maintain | Nov 1, 2024 |
| Citigroup | Buy | Buy | Maintain | Oct 28, 2024 |
| Raymond James | Outperform | Outperform | Maintain | Jul 28, 2023 |
| B of A Securities | Buy | Buy | Maintain | Aug 3, 2020 |
| B. Riley FBR | Buy | Buy | Maintain | Apr 27, 2020 |
| Stephens & Co. | Overweight | Overweight | Maintain | Mar 2, 2020 |
| BTIG Research | Buy | Buy | Maintain | Mar 2, 2020 |
| B. Riley | Buy | Buy | Maintain | Nov 26, 2019 |
| Bank of America | Buy | Buy | Maintain | Nov 6, 2017 |
Named analyst price targets
Upside is calculated against the persisted current price $187.27. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Kristine Liwag | $310 | $168.56 | +65.5% | Oct 16, 2026 |
| Macquarie | Analyst unavailable | $305 | $168.56 | +62.9% | Oct 16, 2026 |
| Barclays | Brandon Oglenski | $310 | $176.44 | +65.5% | Sep 15, 2026 |
| Morgan Stanley | Kristine Liwag | $360 | $197.81 | +92.2% | Aug 21, 2026 |
| Jefferies | Sheila Kahyaoglu | $325 | $206 | +73.5% | Aug 2, 2026 |
| Deutsche Bank | Analyst unavailable | $290 | $205.43 | +54.9% | Jul 31, 2026 |
| Morgan Stanley | Analyst unavailable | $319 | $269.1 | +70.3% | May 8, 2026 |
| Jefferies | Analyst unavailable | $400 | $239.95 | +113.6% | May 3, 2026 |
| Jefferies | Sheila Kahyaoglu | $350 | $275.38 | +86.9% | Feb 9, 2026 |
| RBC Capital | Analyst unavailable | $350 | $289.61 | +86.9% | Jan 26, 2026 |
| BTIG | Analyst unavailable | $335 | $293.49 | +78.9% | Jan 23, 2026 |
| Barclays | Analyst unavailable | $260 | $252.04 | +38.8% | Jan 15, 2026 |
| Morgan Stanley | Kristine Liwag | $266 | $233.17 | +42.0% | Jan 6, 2026 |
| Wolfe Research | Myles Walton | $225 | $197.68 | +20.1% | Dec 31, 2025 |
| RBC Capital | Ken Herbert | $200 | $171.86 | +6.8% | Oct 29, 2025 |
| Barclays | Analyst unavailable | $200 | $185.09 | +6.8% | Oct 28, 2025 |
| Barclays | Brandon Oglenski | $195 | $173.11 | +4.1% | Oct 2, 2025 |
| RBC Capital | Analyst unavailable | $185 | $163.27 | -1.2% | Sep 30, 2025 |
| BTIG | Analyst unavailable | $230 | $148.81 | +22.8% | Aug 25, 2025 |
| Wolfe Research | Myles Walton | $190 | $174.02 | +1.5% | Jan 10, 2025 |
| BTIG | Andre Madrid | $190 | $144.04 | +1.5% | Dec 31, 2024 |
| Deutsche Bank | Hillary Cacanando | $160 | $142.46 | -14.6% | Nov 1, 2024 |
| Stifel Nicolaus | Frank Galanti | $100 | $142.46 | -46.6% | Nov 1, 2024 |
| Jefferies | Sheila Kahyaoglu | $155 | $129.55 | -17.2% | Sep 30, 2024 |
| Compass Point | Giuliano Bologna | $156 | $126.04 | -16.7% | Sep 27, 2024 |
| BTIG | Greg Lewis | $140 | $121.74 | -25.2% | Aug 26, 2024 |
| Morgan Stanley | Kristine Liwag | $140 | $106.44 | -25.2% | Aug 16, 2024 |
| Stifel Nicolaus | Frank Galanti | $132 | $114.23 | -29.5% | Jul 26, 2024 |
| Jefferies | Sheila Kahyaoglu | $120 | $91.48 | -35.9% | Jun 25, 2024 |
| Deutsche Bank | Hillary Cacanando | $100 | $82.67 | -46.6% | Jun 7, 2024 |
| RBC Capital | Ken Herbert | $95 | $82.67 | -49.3% | Jun 6, 2024 |
| Deutsche Bank | Hillary Cacanando | $90 | $79.13 | -51.9% | May 30, 2024 |
| Compass Point | Giuliano Bologna | $96 | $79.61 | -48.7% | May 29, 2024 |
| Stifel Nicolaus | Frank Galanti | $69 | $85.02 | -63.2% | May 28, 2024 |
| RBC Capital | Ken Herbert | $85 | $75.51 | -54.6% | May 2, 2024 |
| Stifel Nicolaus | Frank Galanti | $66 | $70.75 | -64.8% | Apr 29, 2024 |
| Wolfe Research | Robert Salmon | $37 | $28.87 | -80.2% | Jun 9, 2021 |
Track every rating change on FTAI the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationFTAI Aviation Ltd. is a company dedicated to the ownership and acquisition of critical equipment for the aviation and offshore energy industries, thereby supporting the worldwide movement of goods and people. The company operates through two primary divisions. The Aviation Leasing segment is responsible for managing, leasing, and selling aviation assets, which include commercial aircraft and their engines, to customers. By the end of 2023, specifically December 31st, this division's managed portfolio encompassed 363 aviation assets in total, consisting of 96 commercial aircraft and 267 engines. Notably, this count included 8 aircraft and 17 engines located in Russia. The Aerospace Products segment focuses on the entire lifecycle of aircraft engines and their aftermarket components, covering their development, production, maintenance, and sales. FTAI Aviation Ltd. was established in 2011 and maintains its corporate headquarters in New York, New York.
Historical context
All FTAI earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| GD General Dynamics Corporation | FY2026 Q3 · Calendar Q4 2026 | — | +0.8% | General Dynamics raises EPS outlook as backlog reaches $220 billion |
| MTZ MasTec, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.3% | +0.8% | MasTec posts record Q3 as power and data-center demand accelerates |
| RBC RBC Bearings Incorporated | FY2027 Q2 · Calendar Q4 2026 | — | -5.3% | RBC Bearings posts strong Q2 as capacity investments build |
| IR Ingersoll Rand Inc. | FY2026 Q3 · Calendar Q4 2026 | +18.5% | +0.2% | Ingersoll Rand raises FY2026 outlook as orders accelerate |
| VLTO Veralto Corporation | FY2026 Q3 · Calendar Q4 2026 | +8.3% | +9.8% | Veralto raises 2026 EPS outlook as water demand accelerates |
| CNI Canadian National Railway Company | FY2026 Q3 · Calendar Q4 2026 | — | +0.4% | CN pairs strong Q3 growth with productivity and network expansion |
Latest beats and misses
Who reports nextBeat on EPS
- WYFY2026 Q3 · October 29, 2026+128.3% EPS+3.0% move
- LNTFY2026 Q3 · October 29, 2026+16.0% EPS+1.4% move
- MTZFY2026 Q3 · October 29, 2026+0.3% EPS+0.8% move
- ERIEFY2026 Q3 · October 29, 2026+2.1% EPS+5.3% move
- IRFY2026 Q3 · October 29, 2026+18.5% EPS+0.2% move
- VLTOFY2026 Q3 · October 29, 2026+8.3% EPS+9.8% move
Get the FTAI recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-08-13T21:15:53.935778+00:00
- FN2 earnings calendar · 2026-09-03T01:23:14.877038+00:00
- Polygon adjusted daily market bars · 2026-10-31T01:50:42.741538+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-31T01:50:42.738835+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.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
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 2026-10-31. For educational purposes only; not investment advice.