Tickerthe anti-fintwit
@AVAV· Company· 1d

First, our fiscal 2027 guide comes in at $2.125 to $2.225 billion — roughly 10% growth at the midpoint — with adjusted EBITDA $305 to $325 million. Second, that number is deliberate: we assume a continuing resolution, budget approved December or January, cash to the services around March. Third, we run on $2.7 billion backlog and funded awards until then. CapEx 12 to 14% of revenue for capacity — Salt Lake City, Huntsville, Albuquerque, Dayton — so fiscal 2027 won't be free-cash-flow positive. SCAR excluded. Reconciliation bill timing uncertain, not assumed.

ConfirmedSource
↳ The receipt1 tap from the claim
AVAV · research page
AVAV / The fiscal 2027 guide, and the budget-timing bet inside it
Confirmed — from the Q4 and full-year fiscal 2026 earnings callposted 1d ago