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Sentiment · FY2026 Q2
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“we announced that we had agreed to acquire two businesses, Jet Parts Engineering and Victor Sierra Aviation, from Vance Street Capital for approximately $2.2 billion in cash.”
TransDigm agreed to acquire Victor Sierra Aviation, a proprietary PMA/aftermarket parts maker, as part of a $2.2 billion two-business deal.
“we announced that we had agreed to acquire two businesses, Jet Parts Engineering and Victor Sierra Aviation, from Vance Street Capital for approximately $2.2 billion in cash.”
TransDigm agreed to acquire Jet Parts Engineering, a proprietary aftermarket/PMA parts maker, as part of a $2.2 billion two-business deal.
“we announced that we had agreed to acquire Stellant Systems from Arlington Capital Partners for approximately $960 million in cash.”
TransDigm agreed to acquire Stellant Systems, a defense electronics manufacturer, for roughly $960 million.
“when we look at companies like HEICO, their segment margins in the related business are like half that.”
An analyst benchmarks the PMA-parts margin structure of TransDigm's newly acquired businesses against HEICO's comparable segment margins.
“Our Chelton business was awarded a multimillion dollar contract from Lockheed Martin to supply their latest generation very high-frequency, ultra-high frequency antenna system.”
Lockheed Martin awarded TransDigm's Chelton unit an antenna-system contract for C-130J aircraft, a defense supply win tied to Lockheed programs.
“it is good to see both Boeing and Airbus steadily ramping up their production rates.”
TransDigm supplies commercial OEM content to Airbus; the commentary is a positive read-through on Airbus's production-rate ramp.
“it is good to see both Boeing and Airbus steadily ramping up their production rates.”
TransDigm supplies commercial OEM content to Boeing; the commentary is a positive read-through on Boeing's production-rate recovery.
“In addition, Oxitrol West has reached an agreement with Rolls Royce to supply its complete sensor suite on the Trent XWB 84 enhanced performance engine for the A350-900.”
TransDigm unit Oxitrol West won an agreement to supply its full sensor suite on Rolls-Royce's Trent XWB-84 EP engine for the A350-900, a positive supply-chain read-through for Rolls-Royce.
“The year-over-year decline in commercial OEM revenue was primarily driven by the negative impact of OEM build rates that resulted from the Boeing strike and production ramp-up challenges at Airbus.”
TransDigm cites Airbus production ramp-up challenges as a factor in its FY25 commercial OEM revenue decline, a negative read-through for Airbus rates.
“Ultimately, the DOD awarded Boeing the fighter jet as the next generation, fighter.”
TransDigm notes the DOD awarded Boeing the next-gen F-47 fighter and TransDigm units have won content on it, a positive read-through for Boeing Defense.
“We are encouraged by the progress of the 737 MAX production line as well as the FAA's approval for Boeing to increase its production rate.”
TransDigm is encouraged by 737 MAX line progress and FAA approval for Boeing to raise its production rate, a positive read-through for Boeing's ramp.
“The year-over-year decline in commercial OEM revenue was primarily driven by the negative impact of OEM build rates that resulted from the Boeing strike and production ramp-up challenges at Airbus.”
TransDigm's FY25 commercial OEM revenue decline was driven partly by the Boeing strike depressing build rates, a negative near-term read-through for Boeing output.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Scott Mikus | Melius Research | 12 (0%) |
| Myles Walton | Wolfe Research | 11 (27%) |
| Gautam Khanna | TD Cowen | 11 (9%) |
| 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%) |
| Ron Epstein | Bank of America | 8 (13%) |
| Scott Deuschle | Deutsche Bank | 8 (13%) |
| Dave Strauss | Wells Fargo | 7 (14%) |
| Firm | Analysts | Questions (Challenge)Percentage 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%) |
Commercial OEM surged 17% on Boeing recovery and Airbus ramp as TransDigm raised sales and EBITDA guidance on a strong Q1 beat, with adjusted EPS lifted to $38.38 from $37.51. Commercial aftermarket grew 7% while defense grew 7% with robust bookings significantly surpassing sales, and $3.2 billion in new M&A was signed across three transactions. The PMA entry via Jet Parts and Victor Sierra expanded the aftermarket positioning while EBITDA margin of 52.4% included 2 percentage points of acquisition dilution.
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% | |
| RKLB Rocket Lab USA, Inc. | 8 | +63.5% | |
| RTX RTX Corporation | 9 | +8.7% | |
| TXT Textron | 7 | +11.8% |