FTAI Aviation Ltd. · FTAI · FY2026 Q3 · Calendar Q4 2026

FTAI posts record quarter as aerospace and power scale

FTAI's latest quarter supports a constructive growth case: aerospace services gained scale, Strategic Capital expanded, and Mod-1 advanced. The key test is whether execution and margin durability keep pace with that expansion.

Reported Before market openNASDAQIndustrials $20.13B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $1.43 Consensus $1.41
EPS surprise +1.4% Reported versus consensus
Reported revenue $977.7M Consensus $1.00B
Revenue surprise -2.5% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move +17.3% Event window
SPY move -0.4% Same window
Abnormal move +17.7% Stock minus SPY
Volume 1.9× Versus trailing sessions
Subsequent drift 0.0% Up to 20 sessions
FTAISPY benchmark

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Transcript intelligence

What changed

The current quarter added record CFM56 module production, a larger share-repurchase authorization, continued SCI scaling, and progress toward a combined-cycle power offering. Relative to the prior quarter, the emphasis shifted from initial capacity and contract wins toward execution at scale.

Guidance delta

Maintained: management reaffirmed 2026 and 2027 EBITDA guidance.

Key takeaways

  • Aerospace Products delivered a record quarter with margin expansion and market-share gains.
  • Strategic Capital vehicles are scaling, with a year-end capital-deployment target and substantial warehouse financing.
  • Mod-1 testing progressed, with customer commitments supporting a planned production ramp.
  • Management highlighted robust liquidity and reaffirmed its 2026 and 2027 outlook.
  • The quarter included a $500 million accelerated share repurchase program.

Management priorities

  • Scale CFM56 overhaul capacity through facility acquisitions and further M&A.
  • Ramp Mod-1 production and test the combined-cycle unit.
  • Expand SCI I and SCI II commitments toward the stated capital-deployment target.
  • Maintain share repurchases while preserving liquidity and balance-sheet discipline.

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Earnings History

Estimate Beat Miss Match
FTAI EPS earnings history estimate and actual scatter chart 10 reported fiscal quarters and 4 future estimate-only quarters. Q2 '24 estimate $0.47 Q2 '24 actual $0.26, miss Q3 '24 estimate $0.77 Q3 '24 actual $0.76, match Q2 '25 estimate $1.29 Q2 '25 actual $1.57, beat Q3 '25 estimate $1.21 Q3 '25 actual $1.10, miss Q4 '25 estimate $1.24 Q4 '25 actual $1.08, miss Q1 '26 estimate $1.50 Q1 '26 actual $1.29, miss Q2 '26 estimate $1.36 Q2 '26 actual $1.13, miss Q3 '26 estimate $1.41 Q3 '26 actual $1.43, beat Q4 '26 estimate $1.89 Q1 '27 estimate $2.27 Q2 '27 estimate $3.00 Q3 '27 estimate $3.66
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Analyst Consensus ?

ConsensusBuy19 ratings
Bullish19100.0%
Neutral00.0%
Bearish00.0%

Analyst 52W Price Targets

$196.01Previous close
$37Low
$245.11Average
$400High

Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 30, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
RBC Capital Outperform OutperformMaintainOct 28, 2026
Morgan Stanley Overweight OverweightMaintainOct 19, 2026
Barclays Overweight OverweightMaintainSep 16, 2026
BTIG Buy BuyMaintainAug 4, 2026
Citizens Market Outperform Market OutperformMaintainJul 15, 2026
JMP Securities Market Outperform Market OutperformMaintainMay 8, 2025
Stifel Buy HoldUpgradeMay 2, 2025
Wolfe Research Outperform Peer PerformUpgradeJan 10, 2025
Deutsche Bank Buy BuyMaintainDec 17, 2024
Compass Point Buy BuyMaintainDec 17, 2024
Benchmark Buy BuyMaintainNov 1, 2024
Citigroup Buy BuyMaintainOct 28, 2024
Raymond James Outperform OutperformMaintainJul 28, 2023
B of A Securities Buy BuyMaintainAug 3, 2020
B. Riley FBR Buy BuyMaintainApr 27, 2020
Stephens & Co. Overweight OverweightMaintainMar 2, 2020
BTIG Research Buy BuyMaintainMar 2, 2020
B. Riley Buy BuyMaintainNov 26, 2019
Bank of America Buy BuyMaintainNov 6, 2017
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Named analyst price targets

Upside is calculated against the persisted previous close $196.01. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Morgan StanleyKristine Liwag$310$168.56 +58.2%Oct 16, 2026
MacquarieAnalyst unavailable$305$168.56 +55.6%Oct 16, 2026
BarclaysBrandon Oglenski$310$176.44 +58.2%Sep 15, 2026
Morgan StanleyKristine Liwag$360$197.81 +83.7%Aug 21, 2026
JefferiesSheila Kahyaoglu$325$206 +65.8%Aug 2, 2026
Deutsche BankAnalyst unavailable$290$205.43 +48.0%Jul 31, 2026
Morgan StanleyAnalyst unavailable$319$269.1 +62.7%May 8, 2026
JefferiesAnalyst unavailable$400$239.95 +104.1%May 3, 2026
JefferiesSheila Kahyaoglu$350$275.38 +78.6%Feb 9, 2026
RBC CapitalAnalyst unavailable$350$289.61 +78.6%Jan 26, 2026
BTIGAnalyst unavailable$335$293.49 +70.9%Jan 23, 2026
BarclaysAnalyst unavailable$260$252.04 +32.6%Jan 15, 2026
Morgan StanleyKristine Liwag$266$233.17 +35.7%Jan 6, 2026
Wolfe ResearchMyles Walton$225$197.68 +14.8%Dec 31, 2025
RBC CapitalKen Herbert$200$171.86 +2.0%Oct 29, 2025
BarclaysAnalyst unavailable$200$185.09 +2.0%Oct 28, 2025
BarclaysBrandon Oglenski$195$173.11 -0.5%Oct 2, 2025
RBC CapitalAnalyst unavailable$185$163.27 -5.6%Sep 30, 2025
BTIGAnalyst unavailable$230$148.81 +17.3%Aug 25, 2025
Wolfe ResearchMyles Walton$190$174.02 -3.1%Jan 10, 2025
BTIGAndre Madrid$190$144.04 -3.1%Dec 31, 2024
Deutsche BankHillary Cacanando$160$142.46 -18.4%Nov 1, 2024
Stifel NicolausFrank Galanti$100$142.46 -49.0%Nov 1, 2024
JefferiesSheila Kahyaoglu$155$129.55 -20.9%Sep 30, 2024
Compass PointGiuliano Bologna$156$126.04 -20.4%Sep 27, 2024
BTIGGreg Lewis$140$121.74 -28.6%Aug 26, 2024
Morgan StanleyKristine Liwag$140$106.44 -28.6%Aug 16, 2024
Stifel NicolausFrank Galanti$132$114.23 -32.7%Jul 26, 2024
JefferiesSheila Kahyaoglu$120$91.48 -38.8%Jun 25, 2024
Deutsche BankHillary Cacanando$100$82.67 -49.0%Jun 7, 2024
RBC CapitalKen Herbert$95$82.67 -51.5%Jun 6, 2024
Deutsche BankHillary Cacanando$90$79.13 -54.1%May 30, 2024
Compass PointGiuliano Bologna$96$79.61 -51.0%May 29, 2024
Stifel NicolausFrank Galanti$69$85.02 -64.8%May 28, 2024
RBC CapitalKen Herbert$85$75.51 -56.6%May 2, 2024
Stifel NicolausFrank Galanti$66$70.75 -66.3%Apr 29, 2024
Wolfe ResearchRobert Salmon$37$28.87 -81.1%Jun 9, 2021
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Company context

Snapshot as of publication

FTAI 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.

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Sources

  1. Earnings call transcript and parsed analysis · 2026-10-29T17:15:23.248310+00:00
  2. FN2 earnings calendar · 2026-10-30T01:23:13.979536+00:00
  3. Polygon adjusted daily market bars · 2026-10-30T06:30:43.165462+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-30T06:30:43.162835+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 2026-10-30. For educational purposes only; not investment advice.