FTAI Aviation (FTAI) Q1 2026 earnings summary

Executive summary

• Q1 2026 delivered net income of $134.2M and Adjusted EBITDA of $325.6M, reflecting 70% year-over-year growth in Adjusted EBITDA and 104% revenue growth in Aerospace Products.

• Aerospace Products segment drove performance, supported by increased module production and expanding market share in CFM56 and V2500 aftermarket services.

• Strategic Capital expanded its aircraft portfolio and financing capacity, while FTAI Power advanced toward large-scale production and strategic partnerships.

• Basic earnings per share were $1.31, and diluted earnings per share were $1.29 for Q1 2026.

• Quarterly dividend increased to $0.45 per share, marking the third consecutive quarterly increase.

Financial highlights

• Q1 2026 revenue reached $831M, up from $408M in Q1 2025.

• Total revenues for Q1 2026 were $830.7M, up from $502.1M in Q1 2025.

• Adjusted EBITDA for Q1 2026 was $325.6M, up from $268.6M in Q1 2025.

• Net income for Q1 2026 was $134.2M, compared to $89.9M in Q1 2025.

• Cash balance at quarter-end was $412M; total assets stood at $4.53B.

Outlook and guidance

• On track to achieve $1.2B in Adjusted Free Cash Flow for 2026 before new growth initiatives.

• Targeting 1,050 module production in 2026 and 2,000 at full capacity.

• FTAI Power aims to launch production in Q4 2026, with 100 units targeted for 2027.

• Strategic Capital expects full deployment of 2025 SPV by Q2 2026 and first close of 2026 SPV by end of Q2.

• End market demand remains robust, with management confident in scaling the business and pursuing growth opportunities.