ATRO · NASDAQ · Aerospace & Defense

Astronics (ATRO)

Supplies aircraft connectivity, power, lighting, seat-motion, certification, and automated-test systems.

$70.09
vs last close+1.47 (+2.14%)
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Astronics CorporationATRO
Industrials

Supplies inflight entertainment and connectivity, lighting and safety, flight-critical power, seat-motion, certification, structures, and automated-test systems. Aerospace generates most sales, while the smaller Test Systems segment serves defense, communications, and mass-transit programs that often run for multiple years.

Designs and manufactures aircraft technology across Inflight Entertainment & Connectivity, Lighting & Safety, Flight Critical Electrical Power, and Seat Motion; Other Aerospace includes structures. Systems-certification services sit within the connectivity portfolio. The much smaller Test Systems segment develops, manufactures, and maintains automated-test platforms for aerospace and defense, communications, mass transit, and training applications.

Pairs cabin hardware with engineering and FAA-delegated certification services, allowing customers to combine passenger power, connectivity, and approval work with one supplier. Principal operations span the United States, Canada, France, and Germany, with engineering offices in Ukraine and India. Results depend on commercial aircraft production, airline cabin upgrades, government programs, and FAA certification; Boeing remains a major customer.

Company facts

CEOPeter J. Gundermann
ListedMar 17, 1980
ExchangeNASDAQ
HeadquartersEast Aurora, NY
CountryUnited States
Employees2,700
CIK0000008063
ISINUS0464331083

Market cap$2.64B
EPS (ttm)$1.89
P/E (ttm)36.31
ROE52.0%
P/B13.31
P/S2.80
Dividend yieldDiv yield
Beta1.92vs XLI 1.50

Price target$83.50+21.7%Average of 14 analysts
ConsensusBuy12 of 14 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Feb 25, 2026Truist FinancialTarget
Target: $75
Target: $107
Jan 9, 2026Truist FinancialTarget
Target: $23
Target: $75
Oct 10, 2025Craig-HallumTarget
Target:
Target: $60
Jul 11, 2025Truist SecuritiesUpgrade
Rating: Hold
Rating: Buy

Next report
Nov 3, 26
in 42 days
EPS estimate
$0.72
Revenue estimate
$267.4M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported−$0.06$0.37$0.04$0.41$0.63$0.49$0.70Pending
Estimate$0.20$0.21$0.28$0.35$0.52$0.46$0.59$0.72
Surprise−131.9%+76.2%−85.7%+17.1%+21.2%+6.5%+18.6%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$208.5M$205.9M$204.7M$211.4M$240.1M$230.6M$260.0MPending
Estimate$194.9M$191.9M$208.3M$212.5M$237.2M$225.5M$245.3M$267.4M
Surprise+7.0%+7.3%−1.7%−0.5%+1.2%+2.3%+6.0%
Estimate$0.72
ReportedDue Nov 3, 2026
Estimate$267.4M
ReportedDue Nov 3, 2026
View details

Debt to equity178.10%
Current ratio297.30%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$203.7M$208.5M$205.9M$204.7M$211.4M$240.1M$230.6M$260.0M
Net income−$11.7M−$2.8M$9.5M$1.3M−$11.1M$29.6M$25.5M$35.1M
Net margin0.0%0.0%4.6%0.6%0.0%12.3%11.1%13.5%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$8.4M$8.9M$13.1M$4.8M$23.1M$37.9M$27.2M$40.5M
YoY growthTurned profit+14.1%+688.5%−37.0%+175.3%+327.3%+107.3%+750.5%

Balance sheet, Jul 4, 2026Cash & short-term investments $9.0M · Total debt $353.0M · Total assets $760.8M · Shareholders' equity $198.2M

Revenue
$260.0M
Operating income
$40.5M
Net income
$35.1M
View details

No dividends on record.

Institutions≈ 143.42%61.68M shares
323 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders2.79%1.20M shares
9 holders · as of Sep 18, 2026
Adds to146.21%

43.01M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Two share counts disagree (43.01M in the company's Sep 22, 2026 report, 38.45M elsewhere); stakes use the report.

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

A stock split fell inside the quarter, so quarter-on-quarter changes are not shown.

These groups come from separate filings that can overlap, so they add to 146.21%; nothing is left for Other.

This company has 2 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
14.21%3.06M · 3.06Mas of Jun 30, 2026
State Street CorpInstitution
9.54%2.05M · 2.05Mas of Jun 30, 2026
American Century Companies IncInstitution
6.68%1.44M · 1.44Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
6.60%1.42M · 1.42Mas of Jun 30, 2026
Capital International InvestorsInstitution
6.16%1.32M · 1.32Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Dec 1, 2025James Mulatoother: Pres Astronics Test Systems−9,734$53.24
View details

  • RTX

    Broad overlap in cabin power, lighting, IFEC, and interiors

  • Honeywell Technologies

    Larger aircraft-systems rival in power, avionics, lighting, connectivity

  • Eaton

    Narrow but direct aircraft electrical-power competitor

  • Crane

    Aerospace electronics peer in power, sensing, RF, and cabin systems

  • Curtiss-Wright

    Defense-aerospace test, avionics, data, and power overlap

  • Keysight Technologies

    Test and measurement rival for aerospace and defense programs

Compare

CompanyPriceChange
Astronics$70.09+2.14%$2.64B36.323.72.8+27.0%
RTX$189.75−2.36%$261.92B34.225.82.8+14.5%
Honeywell Technologies$211.64+2.50%$65.44B8.022.91.8−49.9%
Eaton$440.69+1.21%$169.08B44.329.35.6+21.4%
Crane$200.75+0.90%$11.49B34.727.44.4+25.6%
Curtiss-Wright$554.29−2.42%$20.98B39.134.55.7+5.4%
Keysight Technologies$343.85+0.53%$58.45B47.125.88.9+36.5%
Median36.926.65.0+17.9%