Airbus SE (OTC:EADSY) reported weaker first-quarter 2026 results, with lower commercial aircraft deliveries impacting performance.
Revenue, margins, and cash flow declined, while defense operations provided a partial offset.
Earnings and Revenue Decline
The company reported GAAP EPS of 0.74 euros, down from 1.01 euros a year earlier, while adjusted EBIT fell to 300 million euros from 624 million euros.
Revenue declined 7% to 12.7 billion euros, and reported EBIT dropped to 224 million euros from 473 million euros, with margins compressing across the board.
EBIT margin narrowed to 1.8% from 3.5%, while adjusted EBIT margin declined to 2.4% from 4.6%.
In U.S. dollar terms, Airbus posted first-quarter EPS of 22 cents, missing the 25-cent estimate, and revenue of $14.81 billion, below the $17.01 billion forecast.
Commercial Performance and Orders
Airbus delivered 114 commercial aircraft, down from 136 a year ago, including 81 A320 Family jets. Net commercial orders rose to 398 aircraft, with backlog reaching 9,037 …