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Airbus (AIR) investor relations material
Airbus Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M revenue rose 7% to €50.645bn; Adjusted EBIT increased 8% to €4.495bn and net income rose 36% to €3.587bn. 2026 guidance was unchanged.
Commercial deliveries reached 547, net orders rose to 1,105 and the aircraft backlog stood at 9,310 at September-end.
FCF before customer financing was -€1.268bn, mainly reflecting working-capital changes and inventory build for planned ramp-ups.
Financial highlights
9M revenue was €50.645bn versus €47.436bn; reported EBIT was €4.550bn versus €3.365bn.
Net income was €3.587bn versus €2.641bn; reported EPS was €4.54 versus €3.34 and Adjusted EPS was €4.26.
Q3 revenue was €17.469bn versus €17.826bn; Adjusted EBIT was €1.768bn, down 9%, while reported EBIT rose 3% to €1.805bn and net income rose to €1.344bn.
9M FCF was -€1.108bn versus -€778m; FCF before customer financing was -€1.268bn versus -€914m.
R&D expense rose to €2.327bn from €2.1bn; nine-month CapEx was €2.4bn.
Outlook and guidance
2026 guidance remained unchanged: ~870 commercial deliveries, ~€7.5bn Adjusted EBIT and ~€4.5bn FCF before customer financing; before M&A and including applicable tariffs.
Guidance assumes no additional disruption to global trade, the economy, air traffic, supply chains, internal operations or delivery capability.
Production targets include A220 at 13/month in 2028, A320 Family at 70–75/month by end-2027, A330 at 5 in 2029 and A350 at 12 in 2028.
Stringer-related delivery impact was not expected to be significant in 2026 or 2027; CapEx was expected to rise to support ramp-up and Spirit work-package integration.
- A $311bn services market by 2044 will rely on digital gains and 2.35m new skilled staff.AIR
Investor presentation - A near-doubling passenger fleet drives a $422bn services market by 2045.AIR
Corporate presentation - Lower Q3 deliveries and quality effects weigh on profitability in a back-end-loaded year.AIR
Pre-close call - Double-digit revenue and profit growth in H1 2026, with guidance and order momentum reaffirmed.AIR
Q2 2026 - 2029 EBIT Adjusted target set at EUR 12–13bn, with a EUR 5bn share buyback approved.AIR
Investor update - Strong Q2 2026 aircraft deliveries drive positive cash flow amid FX and cost headwinds.AIR
Pre-close call - Record 2025 results and strong 2026 guidance delivered despite supply chain risks.AIR
Q4 2025 (Media) - 2025 marks a turning point with ramp-up execution, strong backlog, and profitable growth ambitions.AIR
Status Update - 2024 targets cut and ramp-up delayed to 2027 amid €0.9bn space charges and supply chain issues.AIR
Guidance
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Frequently asked questions
Buses for the Air
Airbus SE is a European aerospace corporation with multinational operations and one of the aviation industry's leaders. The company designs, manufactures, and sells commercial aircraft, including airplanes and helicopters. Besides this Airbus is also active in the defense and space sectors, albeit at a smaller scale than their commercial operations. The company is headquartered in Leiden in the Netherlands, and its shares are listed in France, Germany, and Spain.
The World’s First Twin Engine Wide Body Jet
Airbus was established as a consortium of various European aerospace manufacturers in 1970, aiming to challenge American companies' dominance in the commercial airliner market. The consortium's first airplane, the Airbus 300 was a massive technological leap forward, as it was the first twin-engined widebody jet. However, the company’s biggest commercial breakthrough came in the 80s when it introduced the now well-established Airbus A320.
In 2000, the company was acquired by EADS, which in turn was the result of the merger between several European aerospace manufacturers. Today, Airbus is one of the dominating forces in aerospace manufacturing together with Boeing. As will be discussed later on, the company also produces various types of military aircraft and helicopters, but the majority of its revenue comes from its commercial production.
The Commercial Aircraft
Airbus’s commercial aircraft division is the most important part of its business and what they’re most known for. The company’s product line spans from the single-aisle A220 and A320 families which are used by over 300 commercial airlines across the world for short to medium-haul routes, including Delta Air Lines and American Airlines. The company also manufactures the widebody A330, A350, and the now iconic A380, the latter of which is the largest passenger aircraft in the world.
Other Aircraft
Beyond commercial airliners, Airbus operates in several other sectors. In defense, Airbus produces military aircraft, including the A400M transporter and Eurofighter Typhoon through a joint venture. The company is also active in the space sector, designing and manufacturing satellites, space probes, and launch vehicles. Additionally, Airbus Helicopters, a division of Airbus, is one of the world’s leading helicopter manufacturers, producing a range of civil and military rotary-wing aircraft.
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