Aerospace Stocks Q2 2026: Textron Revenue Up 3%, Astronics Leads With 27% Growth, AerSale Posts Steepest Decline
Why It MattersBeating revenue and guidance expectations no longer guarantees favorable stock reaction, showing aerospace investors are pricing in factors beyond quarterly top-line and near-term outlook performance.
What happened
A review of 15 tracked aerospace stocks for Q2 2026 found the group collectively beat analysts' revenue consensus estimates by 1.9%, while next-quarter revenue guidance came in 5.5% above expectations. Despite these broadly strong results, the group's share prices fell an average of 9.7% following earnings.
Textron (NYSE: TXT) reported Q2 revenues of $3.83 billion, up 3% year on year, in line with analyst expectations. The company beat EPS estimates but full-year EPS guidance met, rather than exceeded, analyst forecasts. CEO Lisa M. Atherton noted revenue growth across all manufacturing segments, totalling $500 million through the first half of the year. Textron's stock has fallen 16.1% since reporting and currently trades at $80.68.
Astronics (NASDAQ: ATRO) posted the strongest quarter among peers, with revenues of $260 million, up 27% year on year and 6% above analyst expectations. The company beat EBITDA estimates and raised its full-year revenue guidance above consensus, scoring the highest full-year guidance raise in the group. Its stock has traded sideways since reporting.
AerSale (NASDAQ: ASLE) posted the weakest results, with revenues of $70.93 million, down 33.9% year on year and 12.7% below analyst expectations. The company also missed EBITDA and EPS estimates, delivering the weakest performance against analyst estimates and the slowest revenue growth in the group. AerSale shares are down 12.9% since reporting and currently trade at $5.49.
Curtiss-Wright (NYSE: CW) reported revenues of $924 million, up 5.4% year on year, in line with expectations, though it underperformed on other business metrics. The stock is down 23.2% since reporting and trades at $574.85.
ATI (NYSE: ATI) reported revenues of $1.26 billion, up 10.6% year on year, surpassing analyst expectations by 3.4%. The company also beat EBITDA and EPS estimates. Its stock is roughly flat since reporting, at $206.20.
Industry impact & what to watch
This split between operating results and share price reaction is a familiar pattern in cyclical industrial sectors, where investors weigh forward signals like guidance quality and margin trajectory as heavily as the reported quarter itself. A company can clear its revenue bar, as Textron and Curtiss-Wright did, and still see shares marked down if other metrics disappoint or if the broader group is being repriced together.
The spread between Astronics and AerSale illustrates how differently individual names within the same sector can perform even in a quarter the group beat in aggregate: one raised guidance on 27% growth while the other missed on nearly every metric with revenue down 33.9%. That divergence matters more than the group average for anyone assessing supplier exposure or aftermarket parts availability tied to these companies.
What happens next will depend on whether the 9.7% average post-earnings decline reflects a broader repricing of aerospace supply-chain risk or a temporary reaction to mixed guidance across the group, a distinction that will become clearer as more companies report and guidance either holds or is revised.
