Q4 2026 CAE Inc Earnings Call Transcript

May 22, 2026 / 12:00 PM GMT

Release Date Price: $23.16 (-14.03%)

Transcript

Key Points

Positve

CAE Inc (CAE) has set specific plans and detailed financial targets for the long-term, which are actionable with clearly defined initiatives, accountabilities, and timelines.
The company is benefiting from durable fundamentals in its civil business, with aviation training solutions representing a component of a secular growth market.
CAE Inc (CAE) is well-positioned to leverage rising defense budgets across NATO and allied nations, creating significant opportunities for growth in its defense segment.
The company is undertaking a transformation plan expected to generate $125 to $150 million in structural cost reductions by 2030.
CAE Inc (CAE) has a strong focus on capital discipline and free cash flow generation, with a target of 100% cumulative cash conversion over the four-year period ending in fiscal 2030.

Negative

The ongoing conflict in the Middle East has created disruptions for CAE Inc (CAE), impacting fiscal 2026 results and expected to affect the first half of fiscal 2027.
The company is entering fiscal 2027 with a lighter order backlog of civil full flight simulators, which could impact future revenue.
There are inefficiencies associated with the transformation actions, including underutilization in parts of the civil network and temporary cost dissynergies.
The civil training market remains subdued, and recent developments in the Middle East are expected to continue impacting operations and customers.
CAE Inc (CAE) is not assuming any potential benefits from government R&D programs in its outlook, which previously contributed to adjusted segment operating income.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CAE.TO - CAE Inc
Q4 2026 CAE Inc Earnings Call
May 22, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day ladies and gentlemen and welcome to the CAE's fourth quarter and full year 2026 financial results and conference call.

As a reminder, all participants are in listen-only mode and the conference is being recorded.

After the presentation, there will be an opportunity for analysts to ask questions.

So during the question queue, you may press star, then one on your telephone keypad.

Should you need assistance during the conference call, you may signal an operator by pressing star. Than zero.

I would now like to turn the conference over to Mr. Andrew Arnovitz. Please go ahead, Mr. Arnovitz.

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Unidentified_2 [2]
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