Company Reports Record Backlog of $674.5 Million as of December 31, 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2026
0mins
Should l Buy ATRO?
The company said, "Backlog at December 31, 2025 was a record $674.5 million, of which approximately 79% is expected to be recognized as revenue over the next twelve months. Planned capital expenditures in 2026 are expected to be in the range of $40 million to $50 million and include the remaining costs associated with the Seattle operation consolidation. In addition, the Company plans to invest approximately $14 million to $18 million in 2026 for the implementation of a global enterprise resource planning system. The investment will be reported as a cash outflow from operations, rather than as a capital expenditure."
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Analyst Views on ATRO
Wall Street analysts forecast ATRO stock price to fall
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 81.350
Low
65.00
Averages
70.00
High
75.00
Current: 81.350
Low
65.00
Averages
70.00
High
75.00
About ATRO
Astronics Corporation is a provider of advanced technologies to the global aerospace, defense, and electronics industries. The Company’s products and services include advanced, high-performance electrical power generation, distribution and seat motion systems, lighting and safety systems, avionics products, systems and certification, aircraft structures and automated test systems. The Company’s segments include Aerospace and Test Systems. The Aerospace segment designs and manufactures products for the global aerospace and defense industry. The Test Systems segment designs, develops, manufactures and maintains automated test systems that support the aerospace and defense, communications and mass transit industries as well as training and simulation devices for both commercial and military applications. It also offers FAA Organization Designation Authorization (ODA) services. Its products and solutions include emergency systems, lighting systems, and seat actuation systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Gross Profit and Margin Improvement: Gross profit rose nearly 29% to $80 million, with gross margin expanding by 350 basis points year-over-year to 33.3%, primarily driven by increased sales volume and favorable product mix, reflecting the company's success in cost control and efficiency enhancements.
- Optimistic 2026 Outlook: Management projects 2026 revenue between $950 million and $990 million, with a midpoint of $970 million representing a 12.5% growth, demonstrating confidence in future market demand and sustained growth potential.
- Risks and Uncertainties: Despite strong performance, management cautioned about geopolitical risks and tariff uncertainties, emphasizing that these factors could impact future profitability and market performance.
See More
Astronics (ATRO) Q4 2025 Earnings Call Transcript
See More
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- Revenue Growth: The company achieved Q4 revenue of $240.1 million, a 15.2% year-over-year increase, surpassing market expectations by $3 million, indicating sustained strong demand in the aerospace and defense sectors.
- Investor Conferences: Astronics presented its business strategy at the 47th Annual TD Cowen Aerospace and Defense Conference, attracting investor interest and enhancing its visibility and influence within the industry.
- Future Outlook: The company reiterated its revenue outlook for 2026, demonstrating confidence in future growth, and is expected to continue benefiting from the recovery in the aerospace sector and technological innovations.
See More
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- Earnings Announcement Date: Astronics (ATRO) is set to release its Q4 2023 earnings on February 24 after market close, with a consensus EPS estimate of $0.60, reflecting a 25% year-over-year increase, which could positively impact the stock price.
- Revenue Expectations: Analysts forecast revenue of $237.1 million, representing a 13.7% year-over-year growth, indicating the company's sustained growth potential in the aerospace and defense sectors, likely attracting more investor interest.
- Performance Beat Record: Over the past year, Astronics has beaten EPS estimates 75% of the time and revenue estimates 50% of the time, enhancing market confidence in its future financial performance due to this consistent track record.
- Forecast Revision Trends: In the last three months, EPS estimates have seen two upward revisions with no downward adjustments, while revenue estimates have experienced three upward revisions, reflecting analysts' optimistic outlook on the company's future performance.
See More
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- Adjusted EBITDA Margins: The company expects an adjusted EBITDA margin of at least 18% for Q4 and at least 15% for the full year, reflecting strong performance in cost management and profitability.
- Market Consensus: Preliminary estimates show consensus revenues of $859.16 million for FY2025 and $237.11 million for Q4, indicating market confidence in the company's performance.
- Future Outlook: Astronics reiterated its revenue forecast for 2026, projecting between $950 million and $990 million, signaling a positive outlook for future growth.
See More
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- Market Growth: The C5ISR market is projected to reach $161.46 billion by 2026, indicating a significant shift in military spending towards technologies that eliminate battlefield blind spots, creating investment opportunities for related companies.
- AI and Robotics: Spending in the cognitive electronic warfare sector is expected to approach $30 billion next year, highlighting that AI and robotics have become central to defense, driving rapid advancements in this area for companies.
- VisionWave's Technological Breakthrough: VisionWave Holdings is nearing completion of AstraDRC™, a semiconductor design tool that automatically fixes chip design errors, which is expected to significantly enhance chip manufacturing efficiency and reduce production delays.
- Strategic Acquisition Integration: VisionWave's acquisition of SaverOne consolidates over 30 specialized engineers to accelerate the development of the VisionRF technology platform, aiming to enhance capabilities in addressing concealed threats through RF sensing technologies.
See More
