AEVEX
Provides unmanned systems and mission solutions for U.S. and allied forces.
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Profile
Provides advanced autonomy, unmanned systems, and mission solutions for U.S. and allied forces. Its 2026 NYSE listing followed an acquisition-led expansion from airborne intelligence roots.
Builds advanced autonomy and unmanned systems for U.S. and allied forces, alongside adaptable mission solutions. Its roots are in airborne intelligence, surveillance, and reconnaissance for U.S. Department of Defense, Special Operations, and Intelligence Community customers. These activities support defense and intelligence missions.
Acquisitions added classified-intelligence processing, lower-cost UAS products, and autonomous technologies for aircraft operating in GPS-contested environments. Founder Brian Raduenz remains Executive Chairman, while Roger Wells is CEO. The public company carries the operating business of Athena Technology Solutions Holdings and remains controlled by Madison Dearborn Partners after its 2026 NYSE listing.
Company facts
Categories
Key statistics
Year to date −9.0% · Average volume (30d) 1.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| May 25, 2026 | Jefferies | Target | $32 | $33 |
| May 12, 2026 | Needham | Target | $45 | |
| May 12, 2026 | Raymond James | Target | $35 | |
| May 12, 2026 | Jefferies | Target | $32 | |
| May 12, 2026 | RBC Capital | Target | $31 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | $0.07 | $0.01 | −85.7% | $159.8M | $201.8M | +26.3% | −8.18% |
| May 20, 2026Q1 FY26 | $0.16 | $0.25 | +56.3% | $200.9M | $216.7M | +7.8% | +1.71% |
| Feb 25, 2026Q4 FY25 | — | $0.14 | — | — | $157.3M | — | — |
Financial highlights
| 5 quarters | — | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | $101.1M | $121.2M | $157.3M | $216.7M | $201.8M | |
| Gross profit | — | $14.3M | $26.1M | $38.3M | $56.5M | $47.6M | |
| Operating income | — | −$2.3M | $11.5M | $20.5M | $29.6M | $15.4M | |
| Net income | — | −$11.8M | $9.9M | $12.4M | $20.9M | $2.3M | |
| Diluted EPS | — | $0.00 | $0.00 | $0.00 | $0.39 | $0.04 | |
| Gross margin | — | 14.1% | 21.6% | 24.4% | 26.1% | 23.6% | |
| Operating margin | — | -2.3% | 9.5% | 13.1% | 13.7% | 7.6% |
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $215.2M · Total debt $108.1M · Total assets $948.1M · Shareholders' equity −$533.7M
Dividends
No dividends on record.
Ownership
Shares outstanding 56.47M · Float 23.13M · 41.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Madison Dearborn Partners LLC | 80.42M | 49.50% | 13G | Aug 14, 2026 |
| Fidelity National Financial, Inc. | 5.94M | 5.20% | 13G | Aug 14, 2026 |
| BlackRock, Inc. | 3.45M | 6.11% | 13F | Aug 7, 2026 |
| AllianceBernstein L.P. | 2.17M | 3.84% | 13F | Aug 14, 2026 |
| Principal Financial Group Inc | 1.72M | 3.04% | 13F | Aug 4, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 5, 2026 | Madison Dearborn Partners LLC | 10 percent owner | −2,273,843 | $25.99 |
| Apr 16, 2026 | Brett P. Hush | officer: See Remarks | +10,000 | $20.00 |
| Apr 16, 2026 | Brian Raduenz | director | +50,000 | $20.00 |
| Apr 16, 2026 | Charles Roger IV Wells | director, officer: Chief Executive Officer | +500 | $20.00 |
| Apr 16, 2026 | Michael Andrew Jackson | officer: See Remarks | +650 | $20.00 |
Peers
- AeroVironment
Major UAS and precision-strike systems supplier.
- RTX
Large defense incumbent in launched effects and autonomy.
- Elbit Systems
Global supplier of tactical, MALE, and loitering UAS.
- Lockheed Martin
Defense prime advancing multi-domain autonomous systems.
- Kratos Defense & Security Solutions
Supplier of high-performance tactical jet UAS.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| AEVEX | $17.82 | +0.45% | $1.00B | 41.2 | 42.5 | 1.4 | — |
| AeroVironment | $148.44 | +0.40% | $7.49B | — | 45.5 | 3.8 | +133.3% |
| RTX | $212.00 | +0.13% | $285.33B | 37.3 | 28.8 | 3.1 | +14.5% |
| Elbit Systems | $708.68 | −0.18% | $33.20B | 53.0 | — | 3.9 | +15.9% |
| Lockheed Martin | $564.08 | +0.07% | $130.13B | 20.8 | 17.9 | 1.7 | +10.5% |
| Kratos Defense & Security Solutions | $52.02 | +0.02% | $9.75B | 305.2 | 54.5 | 6.4 | +30.5% |
| Median | 45.1 | 37.1 | 3.8 | +15.9% |