AIRAAR Corp.
AAR Corp. (AIR) provides aviation services, including parts distribution, repair, and software solutions, with a focus on the U.S. military and commercial aviation sectors. The next catalyst is Oct 15, 2026 — U.S. Defense Budget Apportionment & Contracting Environment, which will test the company’s ability to secure and execute on new defense contracts. (No matching source headline for this event.)
- AAR has a debt-to-equity ratio of 0.42x and reported free cash flow of -$122.20M in the trailing twelve months.
- The company’s 2026 Q4 earnings beat expectations, with adjusted EBITDA and sales growth of 25% driven by Air Force contracts.
- Free cash flow remains negative, suggesting ongoing investment in growth and working capital.
The Read
4% on strong Q3 2026 results with 25% sales growth and a $450M Air Force contract, then rallied about 12.
The schedule
- Thu15Oct
Macro-level defense budget appropriations under President Trump's administration and their read-through to AAR's defense contracting segment.
- Mon15Feb
Management's strategic update at the annual industry symposium, focusing on capital allocation, backlog conversion, and defense market positioning.
- Sun9May
The Q1 2027 earnings release, which will serve as the first major recalibration of the fiscal year's margin and revenue trajectory.
- Mon9Aug
AAR Corp.'s Q2 2027 earnings report, testing the sustainability of elevated aerospace aftermarket demand and defense contract margins.
- Mon8Nov
- Mon7Feb
Past
- Tue15Sep
AAR Corp. will provide a mid-quarter update on its commercial aviation Maintenance, Repair, and Overhaul (MRO) operations and parts distribution supply chain.
- Sun9Aug
Actual outcome: Bull · $145.25 at outcome
AAR (AIR) reported earnings in line with expectations, with an EPS actual of 1.29 versus an estimate of 1.29. The stock rallied due to positive momentum-driven news and a 52-week high, reinforcing investor confidence in its long-term growth potential.
- Thu30Jul
Actual outcome: Bull · $146.83 at outcome
AIR reported record Q4 sales and stronger adjusted earnings, with management citing robust demand in aviation parts, repair, and software. The 10-K filing provided clarity on defense backlog visibility and commercial MRO growth, reinforcing confidence in long-term prospects. The stock surged past the bull target as positive guidance and strategic updates outweighed mixed institutional activity.
Filing of the annual 10-K report, providing critical details on defense contract backlog and commercial MRO visibility.
- Tue21Jul
Actual outcome: Bull · $139.48 at outcome
AAR Corp. reported record quarterly sales and stronger adjusted earnings for fiscal Q4 2026, meeting EPS estimates of $1.72. The stock rallied well past the bull target, driven by management's commentary highlighting robust demand across aviation parts, repair, and software offerings, alongside successful integration of recent acquisitions.
Fiscal Q4 2026 results and initial FY2027 commentary will test whether AAR can sustain ~25% revenue growth and margin expansion after a very strong Q3 print, with the stock already at $123.84 near its 52-week high.
- Thu26Mar
Actual outcome: Bull · $111.37 at outcome
AAR delivered a strong Q3 performance with a beat on both earnings and revenue, fueled by 25% sales growth and robust demand in parts distribution. The stock reached the bull target after management raised its FY2026 sales forecast and announced a $450 million U.S. Air Force contract, signaling sustained momentum across commercial and defense segments.
