Ducommun Q1 revenue rises beats estimates on commercial aerospace demand

Ducommun Incorporated

12/05/2026 11:09

Overview

Aerospace and defense components maker's Q1 revenue rose 9%, beating analyst expectations

Adjusted EPS for Q1 missed analyst expectations

Growth driven by commercial aerospace rebound and strong defense missile demand

Outlook

Ducommun expects destocking headwinds in commercial aerospace for the rest of 2026

Company sees strong momentum in missile programs through long-term defense agreements

Ducommun remains on track to reach 18% adjusted EBITDA margin by 2027

Result Drivers

COMMERCIAL AEROSPACE DEMAND - Higher rates on large aircraft and rotary-wing platforms led to 18% year-over-year growth in commercial aerospace revenue

DEFENSE MISSILE PROGRAMS - Increased demand for missile platforms, notably the Patriot missile, and growth in fixed-wing aircraft programs supported defense revenue

MARGIN EXPANSION - Gross margin rose 70 bps year-over-year due to lower manufacturing costs, favorable product mix, and higher manufacturing volume

Company press release: ID:nGNX23Zwtk

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$209 mln
$199.82 mln (5 Analysts)
Q1 Adjusted EPS
Miss
$0.75
$0.78 (5 Analysts)
Q1 Adjusted Net Income
$11.70 mln
Q1 Net Income
$9.90 mln
Q1 Adjusted EBITDA
$35.40 mln
Q1 Adjusted Operating Income
$18 mln
Q1 Operating Income
$15.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for Ducommun Inc is $150.00, about 6.6% above its May 11 closing price of $140.68

The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 25 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)