Airbus SE Earnings Recaps
Q3 2026
Oct 30, 2026
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.
Key takeaways
- 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.
Q3 2025
Oct 30, 2025
Airbus delivered strong performance in Q3 2025, navigating complex supply chain challenges and achieving a successful ramp-up in aircraft production, while maintaining guidance for the year.
Key takeaways
- Delivered 201 commercial aircraft in Q3, bringing year-to-date deliveries to 507, compared to 497 last year.
- Achieved EBIT adjusted of EUR 4.1 billion, driven by robust commercial aircraft deliveries and strong performance across Defense and Space, and Helicopters divisions.
- Booked 610 gross orders in the nine months including 371 for the A320 family, maintaining a backlog of 8,665 aircraft.
- Signed an MOU with Leonardo and Thales to form a new European space player by 2027, enhancing competitive position in the space sector.
- Free cash flow before customer financing was negative EUR 0.9 billion, reflecting strategic inventory buildup ahead of anticipated Q4 deliveries.