Astronics Q1 Earnings Beat, Stock Falls 5.7%

Astronics posted Q1 adjusted EPS $0.59 vs $0.57 consensus, revenue $230.6M up 12% YoY, beating estimates.
Shares dropped 5.7% in after‑hours trading as investors took profits despite the beat and raised full‑year 2026 revenue guidance to $970‑$1 bn.
Record quarterly bookings $290.4M (book‑to‑bill 1.26) and backlog $734.3M; aerospace sales rose 11.7% to $213.8M with 16.5% margin.
Net income surged to $25.5M ($0.67 per share) and cash from operations $10.6M; Q2 sales forecast $245‑$250M, a new record.