Airbus SE (AIR) Earnings Call Transcripts
Airbus SE's Latest Earnings Call - Q1 FY2026
Airbus SE reported its Q1 2026 earnings with revenues at EUR 12.7 billion, a 7% decline year-on-year, primarily due to lower commercial aircraft deliveries and U.S. dollar depreciation. EBIT adjusted decreased to EUR 0.3 billion from EUR 0.6 billion in Q1 2025. Free cash flow before customer financing was negative at EUR 2.5 billion. Despite these challenges, Airbus maintained its full-year 2026 guidance, targeting around 870 commercial aircraft deliveries, an EBIT adjusted of EUR 7.5 billion, and free cash flow before customer financing of EUR 4.5 billion.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | EUR 12.7 billion (miss) |
| EBIT Adjusted | EUR 0.3 billion (miss) |
| Free Cash Flow Before Customer Financing | minus EUR 2.5 billion (miss) |
| Net Income | EUR 0.6 billion (inline) |
| Order Intake Defense & Space | EUR 5 billion (beat) |
| Helicopter Deliveries | 56 units (inline) |
Guidance from management
Airbus maintained its full-year 2026 guidance, targeting around 870 commercial aircraft deliveries, an EBIT adjusted of EUR 7.5 billion, and free cash flow before customer financing of EUR 4.5 billion.
What management said
To accomplish that, we anticipate capex will keep rising in 2026. Free cash flow came in at -€2.4 billion, and that includes customer financing of positive €0.1 billion. In Q1 2026, we still observe a financing landscape that is diverse and competitive, and right now we believe there is enough market liquidity to fund our 2026 deliveries. Finally, as you can see, net cash position was €9.8 billion as of the end of Ma...
On the geopolitical side, our worldwide presence, varied backlog, and operational resilience are things we can count on as well. And lastly, we keep producing profitable growth as we push forward on our main priorities. At this point, we're ready to take your questions.
What analysts pressed on
Analysts expressed concerns about the ongoing engine shortages from Pratt & Whitney and the impact on the A320 ramp-up. Questions also focused on the desynchronization between production and delivery rates, particularly regarding the administrative delays affecting Chinese deliveries.
Main topics on the call
- Commercial Aircraft Deliveries — Airbus delivered 114 aircraft in Q1 2026, with challenges including a shortage of engines and administrative delays affecting deliveries to China. Management stated, 'The origin of the issue, it's behind us, and the corr...
- Defense & Space Performance — The Defense & Space division showed strong performance with a 7% revenue increase to EUR 2.8 billion, driven by higher volumes in air power and a strong order intake of EUR 5 billion.
- Helicopter Orders — Airbus booked 79 net helicopter orders in Q1 2026, down from 100 in Q1 2025, but signed strategic contracts for emergency medical services, indicating a positive market reaction.
- Supply Chain Challenges — Airbus is navigating supply chain issues, particularly with Pratt & Whitney engines, which are impacting the A320 ramp-up trajectory. Management noted, 'The shortage is the same that we were talking about in our full yea...
Read the full Airbus SE transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Airbus SE
Airbus SE (AIR) is a publicly listed company in the Aerospace and Defense industry, within the Industrials sector. It trades on Euronext Paris and is based in FR. EarningsCalls.dev maintains a full-text archive of its earnings call transcripts — 55 calls on record spanning February 13, 2020 to October 28, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics. The latest calls are free to read; the full history is available through our REST API.
Earnings Call History
EarningsCalls.dev has 55 Airbus SE earnings call transcripts on record, spanning February 13, 2020 to October 28, 2026. Based on this history, Airbus SE reports quarterly. The most recent call on file is dated October 28, 2026. The full list is below — each row opens the transcript.
- Ticker
- AIR
- Exchange
- Euronext Paris
- Country
- FR
- Sector
- Industrials
- Industry
- Aerospace and Defense
- Calls on record
- 55
- First call
- February 13, 2020
- Most recent
- October 28, 2026
- Reporting cadence
- quarterly