Astronics Corporation ($ATRO) reported a strong second quarter for 2026, with revenue rising to $260.0 million, up 27.0% year over year and above the $250.1 million estimate. The company also posted significant profit improvement across the income statement, reflecting broader operational momentum.
Gross profit climbed to $86.9 million, while operating profit jumped to $40.5 million. Net income attributable to common shareholders surged to $35.1 million, and diluted earnings per share came in at $0.75, well ahead of the $0.71 estimate.
Cash generation remained positive, with operating cash flow of $30.1 million, while capital spending totaled $5.7 million. The balance sheet showed $9.0 million in cash and cash equivalents and total liabilities of $562.6 million. Shares rose 9.46% after the market close following the release.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Astronics Corporation Hedge Fund Activity
We have seen 126 institutional investors add shares of Astronics Corporation stock to their portfolio, and 186 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PERTENTO PARTNERS LLP added 815,333 shares (+inf%) to their portfolio in Q1 2026, for an estimated $54,407,171
- STATE STREET CORP removed 768,536 shares (-27.3%) from their portfolio in Q2 2026, for an estimated $62,451,235
- ACK ASSET MANAGEMENT LLC removed 597,469 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $39,869,106
- CAPITAL WORLD INVESTORS added 560,939 shares (+inf%) to their portfolio in Q1 2026, for an estimated $37,431,459
- CAPITAL INTERNATIONAL INVESTORS removed 560,939 shares (-30.3%) from their portfolio in Q1 2026, for an estimated $37,431,459
- HENNESSY ADVISORS INC removed 453,360 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $36,840,033
- LUXOR CAPITAL GROUP, LP removed 444,423 shares (-98.0%) from their portfolio in Q1 2026, for an estimated $29,656,346
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Astronics Corporation Government Contracts
We have seen $1,560,847 of award payments to $ATRO over the last year.
Here are some of the awards which we have have seen pay out the most over the last year:
- PR GENERATED FOR THE PURCHASE OF ASTRONICS BALLARD DATA COLLECTION BOXES AS A COMPONENT OF FLIGHT PROGRAM O...: $1,421,280
- 8511654623!PANEL,INDICATING,LI: $62,738
To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.
Astronics Corporation Price Targets
Multiple analysts have issued price targets for $ATRO recently. We have seen 2 analysts offer price targets for $ATRO in the last 6 months, with a median target of $103.5.
Here are some recent targets:
- Gautam Khanna from TD Cowen set a target price of $100.0 on 05/28/2026
- Michael Ciarmoli from Truist Securities set a target price of $107.0 on 02/25/2026
