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

Ask FN2 about FTAI FY2026 Q3

Transcript, numbers and history already loaded

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

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.

Follow FTAI with an agent that reads every filing, transcript, and price print. Free to start.

Try FN2 free

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. Q4 '23 estimate $0.44 Q4 '23 actual $1.09, beat Q1 '24 estimate $0.38 Q1 '24 actual $0.31, miss 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
Show less

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
Show 14 more rating actions

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
See 32 more

Track every rating change on FTAI the moment it posts. Free to start.

Start free

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.

Industrials peers this season

Latest reports in the same sector

Latest beats and misses

Who reports next

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

  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.