Innovative Aerosystems
Designs and services flight-deck and flight-guidance systems for aircraft retrofits and manufacturers.
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Profile
Designs, manufactures, sells, and services avionics for retrofit applications and original equipment manufacturers. Its one-segment portfolio combines internally developed flight-deck and flight-guidance equipment with licensed legacy Honeywell communication, navigation, and inertial products.
Designs, develops, manufactures, sells, and services avionics systems for aircraft retrofit applications and original equipment manufacturers. Internally developed offerings include air-data and standby equipment, primary flight guidance, autothrottles, cockpit and engine displays, integrated flight-management systems, GPS receivers, and communication/navigation products.
Licensed and acquired Honeywell product lines add inertial, communication, and navigation equipment to the portfolio. Recent transactions broadened the catalogue with legacy avionics assets and license rights. The business operates as one reportable segment, pairing company-developed systems with licensed Honeywell-derived avionics. Across this combined portfolio, it sells and services equipment for retrofit installations and OEM aircraft programs.
Company facts
Categories
Key statistics
Year to date +32.2% · Average volume (30d) 298.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Aug 17, 2026 | Northland Securities | Target | $26 | $37 |
| Feb 13, 2026 | Northland Securities | Target | $24 | $26 |
| Jan 14, 2026 | Northland Securities | Target | $17.50 | $24 |
| Dec 22, 2025 | Northland Securities | Target | $16.50 | $17.50 |
| Dec 19, 2025 | Craig-Hallum | Target | $16 | $20 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q3 FY26 | $0.22 | $0.33 | +52.3% | $24.0M | $26.7M | +11.5% | +13.11% |
| May 14, 2026Q2 FY26 | $0.20 | $0.26 | +30.0% | $21.6M | $22.4M | +3.6% | −6.55% |
| Feb 12, 2026Q1 FY26 | $0.10 | $0.25 | +150.0% | $18.6M | $21.8M | +17.5% | −4.53% |
| Dec 18, 2025Q4 FY25 | $0.11 | $0.34 | +216.9% | $18.8M | $22.2M | +18.4% | +15.59% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $21.9M | $24.1M | $22.2M | $21.8M | $22.4M | $26.7M | |
| Gross profit | $10.9M | $8.0M | $13.5M | $11.3M | $11.4M | $13.8M | |
| Operating income | $7.0M | $3.5M | $8.2M | $6.3M | $4.9M | $6.0M | |
| Net income | $5.3M | $2.4M | $7.1M | $4.1M | $3.4M | $4.5M | |
| Diluted EPS | $0.30 | $0.14 | $0.39 | $0.22 | $0.19 | $0.25 | |
| Gross margin | 49.7% | 33.3% | 60.7% | 51.6% | 51.1% | 51.7% | |
| Operating margin | 31.8% | 14.6% | 37.0% | 28.9% | 22.1% | 22.6% |
Fiscal years (4-quarter sums)FY21 $23.0M · FY22 $27.7M · FY23 $34.8M · FY24 $47.2M · FY25 $84.3M
Revenue by product · Q3 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $10.7M · Total debt $54.3M · Total assets $148.0M · Shareholders' equity $77.2M
Dividends
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Sep 26, 2022 | $0.001 |
Ownership
Shares outstanding 17.89M · Float 16.37M
This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % of company | Form | Filed |
|---|---|---|---|---|
| Harborne Christopher · 10 percent owner | 1.58M | 8.85% | Form 4 | Jul 1, 2025 |
| BlackRock, Inc. | 1.04M | 5.80% of class | 13G | Jul 28, 2026 |
| Marshall Wace, LLP | 753.4K | 4.21% | 13F | May 15, 2026 |
| Vanguard Capital Management LLC | 625.8K | 3.50% | 13F | May 15, 2026 |
| Morgan Stanley | 603.2K | 3.37% | 13F | May 15, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Honeywell Aerospace
Broad flight-deck and navigation systems for OEM and aftermarket aircraft
- Garmin
OEM and retrofit avionics rival in integrated flight decks and flight control
- RTX
Flight-deck peer in aircraft navigation, guidance and cockpit systems
- GE Aerospace
Flight-management and navigation-data rival for civil and military aircraft
- Elbit Systems
Civil and military cockpit-avionics rival in displays and flight management
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Innovative Aerosystems | $24.78 | +7.74% | $443.4M | 23.6 | 25.5 | 4.8 | +10.7% |
| Honeywell Aerospace | $162.40 | −0.01% | $51.46B | 68.6 | 18.9 | 5.8 | — |
| Garmin | $288.10 | +1.06% | $55.00B | 29.4 | 27.8 | 7.2 | +11.4% |
| RTX | $212.00 | +0.13% | $285.33B | 37.3 | 28.8 | 3.1 | +14.5% |
| GE Aerospace | $343.00 | +0.11% | $355.45B | 40.4 | 40.7 | 7.0 | +14.6% |
| Elbit Systems | $708.68 | −0.18% | $33.20B | 53.0 | — | 3.9 | +15.9% |
| Median | 40.4 | 28.3 | 5.8 | +14.6% |