CPI Aerostructures Reports Second Quarter and Six Month 2026 Results
August 13, 2026
Second Quarter 2026 vs. Second Quarter 2025
Revenue of $17.6 million compared to $15.2 million;
Gross profit of $3.9 million compared to $0.7 million;
Gross margin of 22.0% compared to 4.4% (17.1% excluding A-10 Program impact);
Net income of $0.7 million compared to net (loss) of $(1.3) million;
Earnings per share of $0.05 compared to (loss) per share of $(0.10);
Adjusted EBITDA(1) of $1.4 million compared to $(1.7) million ($0.6 million excluding A-10 Program impact).
Six Months 2026 vs. Six Months 2025
Revenue of $34.9 million compared to $30.6 million;
Gross profit of $8.4 million compared to $2.3 million;
Gross margin of 23.9% compared to 7.6% (19.3% excluding A-10 Program impact);
Net income of $1.9 million compared to net (loss) of $(2.6) million;
Earnings per share of $0.15 compared to (loss) per share of $(0.21);
Adjusted EBITDA(1) of $3.5 million compared to $(2.5) million ($2.0 million excluding A-10 Program impact).
Edgewood, NY – August 13, 2026 – CPI Aerostructures, Inc. (“CPI Aero” or the “Company”) (NYSE American: CVU) today announced financial results for the three and six months ended June 30, 2026, demonstrating substantial year‑over‑year improvement and meaningful margin expansion. The Company’s results benefited from a more favorable product mix, strengthened operational execution, and disciplined cost management across key Aerospace & Defense programs.
“Our six months performance showcases the results of a focused growth strategy and disciplined execution, delivering year-over-year gains across every major metric,” said Dorith Hakim, Chief Executive Officer of CVU. “Demand across our core defense platforms remains strong, and the combination of a more favorable product mix and operational efficiencies drove a $6.0 million increase in gross profit and a $4.6 million increase in net income. Adjusted EBITDA of $3.5 million represents a clear inflection point for the business, even when normalizing for the A‑10 program impact.”
Added Ms. Hakim, “With a $533 million backlog, supported by the recent $62 million in contract awards this year for new generation products, and the growing confidence of our customers, we remain focused on disciplined program execution, quality, and delivery performance—pillars that support both near‑term profitability and long‑term value creation. We have entered the second half of 2026 with strong visibility and confidence, well‑aligned to deliver continued financial improvement and sustained momentum into 2027.”
About CPI Aero
CPI Aero is a prime contractor to the U.S. Department of Defense as well as a Tier 1 subcontractor to some of the largest aerospace and defense contractors in the world. CPI Aero provides engineering, program management, supply chain management, assembly operations and MRO services to this global network of customers. CPI Aero is recognized as a leader within the international aerospace market in such areas as aircraft structural assemblies, military advanced tactical pod structures, engine air inlets, and complex welded products.
Our OEM customers in the defense sector include (i) Lockheed Martin Corporation and Sikorsky Aircraft, for the F-16 Fighting Falcon, the UH-60 BLACK HAWK©, the MH-60 Seahawk, the CH-53E and the CH-53K King Stallion; (ii) RTX Corporation, formerly Raytheon, for the ALQ-249 Next Generation Jammer Mid-Band Pod for the EA-18G Growlers, the Advanced Tactical Pods, the MS-110 & TacSAR Reconnaissance Airborne Pods, Hypersonic Missile Wings, and B-52 Radar Modernization; (iii) L3Harris for the Next Generation Jammer Low-Band Pod for the EA-18G Growlers; (iv) Collins Aerospace, for RF Enclosures; (v) Northrop Grumman Corporation, for the E-2D Advanced Hawkeye, the Airborne Laser Mine Detection Pod, welded tubes, aerial refueling probes, and welded fluid tanks; and (vi) the DOD/USAF and the Defense Logistics Agency for the T-38 Pacer Classic and T-38 Talon. Our OEM customers in the civil aviation market include Embraer S.A. for the Phenom 300 and Phenom 100.
Our funded backlog of remaining performance obligations exceeds $100 million and the unfunded backlog of future orders for the expected duration of existing programs is $433 million. Our total backlog is $533 million.
Forward-looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this press release are forward-looking statements. Words such as “remain focused,” “well-aligned,” “sustained momentum,” “confidence,” and similar expressions are intended to identify these forward-looking statements. These forward-looking statements include statements regarding the Company’s backlog, future performance, program execution and expectations regarding continued financial improvement. The Company does not guarantee that it will actually achieve the plans, intentions or expectations disclosed in its forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements.
Forward-looking statements involve risks and uncertainties, and actual results could vary materially from these forward-looking statements. There are a number of important factors that could cause the Company’s actual results to differ materially from those indicated or implied by its forward-looking statements, including those important factors set forth under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission. Although the Company may elect to do so at some point in the future, the Company does not assume any obligation to update any forward-looking statements and it disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
CPI Aero® is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on X @CPIAERO.
Contact
Investor Relations Counsel CPI Aerostructures, Inc.
Alliance Advisors IR Robert Mannix
Jody Burfening Chief Financial Officer
(212) 838-3777 (631) 586-5200
cpiaero@allianceadvisors.com rmannix@cpiaero.com
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