TransDigm Group (TDG) Q1 FY2026 earnings: revenue $2.3 billion, up 13.9% on the year
TransDigm Group Inc. (TDG) reported revenue of $2.3 billion for Q1 FY2026, the quarter ended 27 December 2025, up 13.9% on the same quarter a year earlier. Net income was $445 million, down 9.7% on the year, and diluted earnings per share $6.62. The figures are the company's own, from the 10-Q it filed with the SEC on 3 February 2026.
Revenue
$2.3 billion
+13.9% on the year · -6.3% on the quarter
Q2 FY2024Q1 FY2026
Operating margin
45.6%
48.6% a year earlier
Q2 FY2024Q1 FY2026
Net income
$445 million
-9.7% on the year · -27.0% on the quarter
Q2 FY2024Q1 FY2026
Diluted EPS
$6.62
-13.1% on the year · -14.6% on the quarter
Q2 FY2024Q1 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 6 raised, 3 kept.
Net sales grew fourteen percent: Net sales reached $2,285 million, $279 million above the prior-year quarter, with organic growth at 7.4% of net sales.
Commercial OEM revenue rose double digits: Management said commercial OEM revenue grew in the double digits on a percentage basis, as the company supported higher OEM build rates.
EBITDA As Defined margin was 52.4%: The margin was 52.4% against 52.9% a year earlier. Management said it includes roughly 2.0% of dilution from recent acquisitions.
$ million except per share. Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q1 FY2026
Q4 FY2025
Q1 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
832
507
752
+64.1%
+10.6%
Capital expenditure
60.0
66.0
42.0
-9.1%
+42.9%
Free cash flow
772
441
710
+75.1%
+8.7%
Free cash flow margin
33.8%
18.1%
35.4%
Cash from investing
-973
-246
-24.0
Cash from financing
-141
-231
-4,516
Depreciation and amortisation
100
97.0
90.0
+3.1%
+11.1%
Share-based compensation
27.0
28.0
25.0
-3.6%
+8.0%
Buybacks
106
0.0
316
-66.5%
Dividends paid
59.0
5,233
4,396
-98.9%
-98.7%
Dividend per share
n/a
n/a
$0.00
Diluted shares, weighted
58m
58m
58m
0.0%
-0.2%
Shares outstanding at period end
56m
56m
56m
+0.3%
+0.7%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q1 FY2026
Q4 FY2025
Q1 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
-9,270
-9,686
-6,258
Non-controlling interest
7.0
7.0
7.0
0.0%
0.0%
Redeemable equity
n/a
0.0
n/a
Debt
30,046
30,015
25,049
+0.1%
+19.9%
Operating lease liabilities
n/a
51.0
40.0
Finance lease liabilities
n/a
276
254
Other liabilities
2,974
2,246
2,423
+32.4%
+22.7%
Total liabilities and equity
23,757
22,909
21,515
+3.7%
+10.4%
Fixed assets
1,653
1,579
1,477
+4.7%
+11.9%
Goodwill
11,075
10,612
10,304
+4.4%
+7.5%
Intangible assets
3,783
3,454
3,360
+9.5%
+12.6%
Cash and equivalents
2,528
2,808
2,459
-10.0%
+2.8%
Receivables
1,564
1,617
1,285
-3.3%
+21.7%
Inventory
2,373
2,095
1,930
+13.3%
+23.0%
Other assets
781
744
700
+5.0%
+11.6%
Total assets
23,757
22,909
21,515
+3.7%
+10.4%
Questions
What was TransDigm Group's revenue in Q1 FY2026?
TransDigm Group (TDG) reported revenue of $2.3 billion for Q1 FY2026, the quarter ended 27 December 2025, up 13.9% on the same quarter a year earlier.
How much did TransDigm Group earn in Q1 FY2026?
Net income for Q1 FY2026 was $445 million, down 9.7% on the year, and diluted earnings per share $6.62.
When did TransDigm Group report Q1 FY2026 results?
TransDigm Group filed its 10-Q for the quarter ended 27 December 2025 with the SEC on 3 February 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 27 December 2025, filed 3 February 2026: the filing.