Applied Aerospace & Defense, Inc. (NYSE:AADX) on Wednesday reported upbeat financial results for the third quarter and lowered its FY26 sales guidance below analyst estimates.

Applied Aerospace posted third-quarter earnings of 18 cents per share, beating market estimates of 9 cents per share. The company’s sales came in at $182.058 million, topping expectations of $170.384 million.

Applied Aerospace slashed its FY2026 sales guidance from $670.000 million-$690.000 million to $660.000 million-$670.000 million.

“Our third quarter reflected broad-based demand across our end markets,” said Trip Ferguson, Chief Executive Officer of Applied. “We delivered record revenue of $182.1 million and Adjusted EBITDA of $39.7 million. Excluding acquisitions completed in 2026, revenue grew 20.3%, while those acquisitions added capabilities and capacity in areas that matter most to our customers.”

Applied Aerospace shares fell 1.8% to $9.12 in pre-market trading.

These analysts made changes to their price targets on Applied Aerospace following earnings announcement.

• Morgan Stanley analyst Kristine Liwag maintained the stock with an Equal-Weight rating and raised the price target from $16 to $17.
• Stifel analyst Jonathan Siegmann maintained the stock with a Buy and lowered the price target from $24 to $18.

Considering buying AADX stock? Here’s what analysts think:

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