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Sentiment · FY2026 Q2
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Scott Mikus | Melius Research | 12 | 0% |
| Gautam Khanna | TD Cowen | 11 | 9% |
| Myles Walton | Wolfe Research | 11 | 27% |
| Ken Herbert | RBC Capital Markets | 10 | 0% |
| Sheila Kahyaoglu | Jefferies | 10 | 20% |
| Noah Poponak | Goldman Sachs | 9 | 33% |
| Rob Stallard | Vertical Research Partners | 8 | 38% |
| Scott Deuschle | Deutsche Bank | 8 | 13% |
| Ron Epstein | Bank of America | 8 | 13% |
| Kristine Liwag | Morgan Stanley | 7 | 14% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Melius Research | 1 | 12 | 0% |
| Jefferies | 2 | 11 | 18% |
| Wolfe Research | 1 | 11 | 27% |
| TD Cowen | 1 |
| 11 |
| 9% |
| RBC Capital Markets | 1 | 10 | 0% |
| Goldman Sachs | 1 | 9 | 33% |
| Bank of America | 2 | 9 | 11% |
| Deutsche Bank | 1 | 8 | 13% |
TransDigm delivered a beat-and-raise second quarter, with GAAP revenue up roughly 18% year over year (organic growth of approximately 11%) as all three channels grew: commercial aftermarket rose about 14%, commercial OEM about 12%, and defense about 11%. EBITDA as defined margin reached 52.6% even after nearly two points of dilution from recent acquisitions, and Q2 commercial aftermarket bookings hit an all-time high. Management raised full-year fiscal 2026 guidance again, lifting the sales midpoint by $420 million to $10.36 billion (up about 17%) and EBITDA as defined by $210 million to $5.42 billion, with the adjusted EPS guidance midpoint now $39.52. After quarter-end the company closed the Jet Parts Engineering and Victor Sierra acquisitions and repurchased about $800 million of stock, while retaining more than $10 billion of M&A firepower. The main overhang is the Middle East conflict, which slowed March global RPM growth to 2.1% and cut Middle East carrier RFQs by more than 50%, though management has seen no meaningful aftermarket impact yet and raised aftermarket guidance regardless.
Demand | M&A | Revenue Growth | Competitive Dynamics | Margin | Supply Chain | Pricing | Inventory | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 11 | 3 | 3 | 3 | 1 | 2 | 2 | 2 |
| 2025Q1 | 10 | 1 | 5 | 1 | 3 | 3 | 3 | 1 |
| 2025Q2 | 10 | 5 | 2 | 2 | 3 | 2 | 2 | |
| 2025Q3 | 11 | 2 | 5 | 3 | 1 | 4 | 1 | 2 |
| 2025Q4 | 7 | 5 | 1 | 4 | 3 | 1 | 2 | 1 |
| 2026Q1 | 7 | 8 | 5 | 3 | 3 | 1 | 3 | |
| 2026Q2 | 9 | 3 | 2 | 1 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|---|
| Demand | 11 | 10 | 10 | 11 | 7 | 7 | 9 |
| M&A | 3 | 1 | 5 | 2 | 5 | 8 | 3 |
| Revenue Growth | 3 | 5 | 2 | 5 | 1 | 5 | 2 |
| Competitive Dynamics | 3 | 1 | 2 | 3 | 4 | 3 | 1 |
| Margin | 1 | 3 | 3 | 1 | 3 | 3 | 1 |
| Supply Chain | 2 | 3 | 2 | 4 | 1 | 1 | 1 |
| Pricing | 2 | 3 | 2 | 1 | 2 | ||
| Inventory | 2 | 1 | 2 | 1 | 3 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
TDG TransDigm Group | 10 | +18.3% | |
| AXON Axon Enterprise Inc. | 10 | +33.8% | |
| BA The Boeing Company | 7 | +14.0% | |
| GD General Dynamics | 8 | +10.3% | |
| GE GE Aerospace | 7 | +24.7% | |
| HII Huntington Ingalls Industries | 6 | +13.3% | |
| LHX L3Harris | 8 | +11.9% | |
| LMT Lockheed Martin | 4 | +0.3% | |
| NOC Northrop Grumman | 6 | +4.4% | |
| RTX RTX Corporation | 9 | +8.7% | |
| TXT Textron | 7 | +11.8% |