What Happened
Aerospace Firm Sees Revenue Rise 34% Amid Significant Net Loss
Applied Aerospace & Defense reported a 34% increase in revenue to $301.7 million for the six months ended June 30, 2026, driven by growth in all three end markets and contributions from recent acquisitions. However, the company posted a significant net loss of $169.1 million, largely due to IPO-related share-based compensation and higher interest expense. The company’s contract backlog increased to $1.13 billion, providing strong future revenue visibility. This information was first reported in the company’s quarterly earnings report, as filed with the SEC.