Analyst Consensus ?
ConsensusBuy8 ratings
Bullish8100.0%
Neutral00.0%
Bearish00.0%
FTAI Aviation Ltd. · FTAIM · FY2026 Q2 · Calendar Q3 2026
FTAI shifts toward third-party aerospace output and power growth
The quarter supports a growth case built on aerospace market-share gains, production expansion, and a contracted Mod-1 power opportunity. The counterweight is that the asset-light transition lowers near-term Aviation Leasing EBITDA, while margin mix and execution remain unresolved.
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
-0.2%
Event window
SPY move
+1.7%
Same window
Abnormal move
-1.9%
Stock minus SPY
Volume
0.8×
Versus trailing sessions
Subsequent drift
+0.8%
Up to 20 sessions
FTAIMSPY benchmark
Ask FN2 about FTAIM FY2026 Q2
Transcript, numbers and history already loaded
Why did FTAIM fall 0.2% after missing EPS estimates in FY2026 Q2?What changed in FTAIM's guidance and outlook in FY2026 Q2?Give me the bull and bear case for FTAIM after FY2026 Q2 earnings.
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Transcript intelligence
What changed
FTAI reported stronger Aerospace Products momentum and expanded capacity, while accelerating its asset-light transition. SCI became the primary source of aviation leasing revenue, a $1.465 billion Mod-1 master supply agreement was signed with a U.S. hyperscaler, and the quarterly dividend rose to $0.50.
Guidance delta
Management maintained its 2026–27 outlook, while Aviation Leasing EBITDA was revised lower as SCI takes a larger role.
Key takeaways
- Aerospace Products revenue growth and market share increased, supported by higher production capacity.
- The asset-light shift moves more module output to third-party customers and makes SCI more central to aviation leasing revenue.
- The Mod-1 power business has an anchor contract, but execution, unit economics, and margin mix remain key watchpoints.
Management priorities
- Increase module production and expand CFM56 and LEAP capabilities.
- Scale Mod-1 deliveries and execute the hyperscaler-backed power program.
- Launch the 2026 SPV and expand maintenance and piece-part capacity.
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Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Citigroup | Buy | Buy | Maintain | Oct 9, 2023 |
| Compass Point | Buy | Buy | Maintain | Sep 13, 2023 |
| Raymond James | Outperform | Outperform | Maintain | Jul 27, 2023 |
| JMP Securities | Outperform | Outperform | Maintain | Jul 27, 2023 |
| Benchmark | Buy | Buy | Maintain | Jul 26, 2023 |
| Stifel | Buy | Buy | Maintain | Apr 27, 2023 |
| Deutsche Bank | Buy | Buy | Maintain | Apr 26, 2023 |
| Barclays | Overweight | Overweight | Maintain | Apr 11, 2023 |
Track every rating change on FTAIM the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationFTAI Aviation Ltd. operates globally, concentrating on acquiring and owning essential infrastructure and equipment that facilitate the transportation of goods and people worldwide. Its business model is structured around two core divisions: Aviation Leasing and Aerospace Products. The Aviation Leasing segment manages a portfolio of aviation assets, including commercial aircraft and their engines, which it then leases or sells to customers. As of December 31, 2022, this division oversaw 330 aviation assets in total, consisting of 106 commercial airplanes and 224 engines. At that time, four aircraft and one engine were located in Ukraine, with an additional eight aircraft and seventeen engines situated in Russia. Meanwhile, the Aerospace Products segment is dedicated to the development, production, repair, and sale of aircraft engines and their associated aftermarket components. The company was founded in 2011 and maintains its headquarters in New York, New York.
Historical context
All FTAIM 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 FTAIM 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 · 2026-08-13T21:16:10.688153+00:00
- FN2 earnings calendar · 2026-09-03T01:23:14.877038+00:00
- Polygon adjusted daily market bars · 2026-10-31T01:40:41.704131+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 2026-10-31. For educational purposes only; not investment advice.