AEVEX Corp (NYSE:AVEX) shares are trading higher during Thursday’s pre-market session as buyers react to the company's first quarterly report as a newly public name, with results and guidance coming in ahead of expectations.
- AEVEX shares are powering higher. Why is AVEX stock surging?
AEVEX Tops Q1 Revenue And Earnings
AEVEX reported first-quarter revenue of $216.69 million and EPS of 22 cents, topping estimates of $200.02 million and 16 cents, respectively, and it also issued full-year 2026 revenue guidance of $600 million to $620 million versus a $585.44 million estimate. Alongside the print, the company disclosed a $15.6 million U.S. Air Force contract tied to advanced unmanned aircraft mission capabilities and modular airborne system-integration work.
AEVEX also guided for full-year adjusted EBITDA of $88 million to $94.5 million, reinforcing that the revenue beat is translating into profitability expectations. Management pointed to "robust demand" in autonomous systems and mission software, with CEO Roger Wells highlighting AI-enabled autonomy solutions powered by CompassX in the company's product stack.
AEVEX's contract momentum has been building into earnings, after an $18.5 million U.S. Air Force award for autonomous aircraft for One Way Attack missions plus engineering and field support services. That earlier win leaned on 3D-printed Group 3 unmanned aircraft systems aimed at scalable production and affordability, setup traders are tracking as a potential repeatable program template in defense autonomy.
AVEX Stock Price Movement Thursday
AVEX Stock Price Activity: Aevex shares were up 5.63% at $27.75 during pre-market trading on Thursday, according to Benzinga Pro data.
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