SkyWest Inc. (SKYW) reported first-quarter 2026 results with total revenue of $1.01 billion, up 6.82% year-over-year. Gross profit was $303.0 million (down 2.18%), operating profit fell to $123.7 million (down 11.26%), and net income attributable to common shareholders was $101.7 million (up 1.13%). Diluted earnings per share came in at $2.50, up 3.31% year-over-year.
Operating cash flow strengthened, with cash from operating activities of $231.5 million, up 35.36% year-over-year. Capital spending rose sharply — purchases of property, plant and equipment totaled $214.0 million, an increase of 191.86% versus the prior year. Cash and cash equivalents declined to $122.7 million, down 31.46% year-over-year.
SkyWest beat the EPS estimate, reporting $2.50 versus an estimate of $2.23. Revenue of $1.01 billion was essentially in line with the consensus estimate of $1.014 billion.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
SkyWest Inc. Insider Trading Activity
SkyWest Inc. insiders have traded $SKYW stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $SKYW stock by insiders over the last 6 months:
- WADE J STEEL (CHIEF COMMERCIAL OFFICER) has made 0 purchases and 3 sales selling 28,000 shares for an estimated $2,990,413.
- MEREDITH SIEGFRIED MADDEN sold 4,725 shares for an estimated $503,413
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
SkyWest Inc. Hedge Fund Activity
We have seen 176 institutional investors add shares of SkyWest Inc. stock to their portfolio, and 214 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FULLER & THALER ASSET MANAGEMENT, INC. added 255,408 shares (+27.5%) to their portfolio in Q4 2025, for an estimated $25,645,517
- VANGUARD GROUP INC added 152,863 shares (+3.2%) to their portfolio in Q4 2025, for an estimated $15,348,973
- MILLENNIUM MANAGEMENT LLC removed 140,237 shares (-39.9%) from their portfolio in Q4 2025, for an estimated $14,081,197
- JANE STREET GROUP, LLC removed 131,745 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $13,228,515
- CAMBRIA INVESTMENT MANAGEMENT, L.P. removed 126,361 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $12,687,908
- RENAISSANCE TECHNOLOGIES LLC removed 122,768 shares (-25.4%) from their portfolio in Q4 2025, for an estimated $12,327,134
- INVESCO LTD. added 99,387 shares (+24.9%) to their portfolio in Q4 2025, for an estimated $9,979,448
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
