Astronics Surges After Record Q2 Results and Higher 2026 Outlook

Astronics Corporation (ATRO) is up 18.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely catalyst was Astronics’ second-quarter 2026 results, which showed record sales, record operating income, and another increase to full-year revenue guidance. Investors also appear to be reacting to stronger demand across the aerospace business, record backlog, and signs that newer defense-related programs could add to growth in coming quarters.

Details:

The company announced second-quarter sales of $260.0 million, up 27.0% year over year, with operating income reaching a record $40.5 million and net income rising to $35.1 million.

Management raised 2026 revenue guidance to $1.02 billion to $1.04 billion, above its prior outlook, signaling confidence in the second half of the year.

Quarterly bookings hit a record $306.2 million and backlog climbed to a third consecutive record of $780.6 million, suggesting demand remained ahead of shipments.

Aerospace remained the main driver, helped by higher commercial transport demand for seat motion and inflight entertainment and connectivity products, while the Test Systems segment benefited from a large U.S. Army radio test set production order.

Sources:

Astronics, SEC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$ATRO Hedge Fund Activity

We have seen 120 institutional investors add shares of $ATRO stock to their portfolio, and 204 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
AMERICAN CENTURY COMPANIES INC removed 648,382 shares (-31.1%) from their portfolio in Q2 2026, for an estimated $52,687,521
ACK ASSET MANAGEMENT LLC removed 597,469 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $39,869,106
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
DRIEHAUS CAPITAL MANAGEMENT LLC removed 340,027 shares (-51.0%) from their portfolio in Q1 2026, for an estimated $22,690,001

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.

$ATRO 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.

$ATRO 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

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.