Astronics Corporation reported preliminary unaudited revenue of $236.5 million for the fourth quarter of 2025, a 14% increase from the $208–210 million range reported in Q4 2024 and a 12% rise from the $211.4 million earned in Q3 2025. The revenue beat the company’s own guidance range and exceeded analyst expectations, underscoring robust demand in its core aerospace and defense markets.
Preliminary bookings for the quarter reached $257 million, lifting the full‑year 2025 bookings to $924 million, a 10% increase over the $835 million booked in 2024. The strong backlog signals continued momentum and supports the company’s outlook for higher volume in 2026.
Management guided 2026 revenue to $950–$990 million, a 10–15% increase over the $860 million earned in 2025, and projected a 12% rise in bookings. The guidance reflects confidence in sustained demand from commercial transport and military aircraft customers, as well as the expected contribution of the recently acquired Bühler Motor Aviation, which is projected to add $20–$25 million in sales in 2026.
Revenue growth was driven primarily by the Aerospace segment, which accounted for roughly 70% of total sales and delivered a 15% YoY increase, while the Test Systems segment showed modest growth amid cyclical demand. The company’s strategic acquisitions, including Envoy Aerospace, are expected to broaden its product portfolio and enhance margin potential in high‑growth areas.
Peter J. Gundermann, Chairman, President and CEO, said the company “ended the year on a strong note with double‑digit revenue growth over recent quarters” and that the “higher volume will positively impact profitability and cash flow.” He added that the “robust level of bookings in the fourth quarter and the strength of our backlog” will carry the company into 2026.
Astronics has also completed significant refinancing, issuing new convertible notes and repurchasing existing debt to reduce interest costs and improve financial flexibility. The company’s focus on strategic acquisitions and debt management positions it to capitalize on growth opportunities while maintaining a solid balance sheet.
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