Airbus reported 9-month revenue of €50.6 billion, up 7%, and kept 2026 guidance unchanged; the stock rose 2.4%, a relatively muted reaction. Higher deliveries and Defence and Space contributions supported growth, while a back-end-loaded delivery profile and ongoing quality issues remain execution risks.
- Commercial aircraft deliveries reached 547 year to date, up from 507 in the same period last year; 196 were delivered in Q3.
- Revenue rose 7% to €50.6 billion, and adjusted EBIT increased 8.9% to €4.5 billion. Higher deliveries and Defence and Space performance were partly offset by a weaker U.S. dollar, less favorable hedging and higher R&D.
- Free cash flow before customer financing was negative €1.3 billion. Management said the delivery profile is back-end loaded and teams are focused on year-end execution.
- Gross commercial aircraft orders were 1,174, with net orders of 1,105 after 69 cancellations; the backlog stood at 9,310 aircraft at September-end.
- Airbus cited two quality topics but did not detail them in the available transcript excerpt; 2026 guidance was unchanged.
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