Q1 2026 Airbus SE Earnings Call Transcript

Apr 28, 2026 / 05:30PM GMT

Release Date Price: €166.04 (+0.29%)

Transcript

Key Points

Positve

Airbus SE (EADSF) reported a strong order intake in Q1 2026, with 408 gross orders for commercial aircraft, including significant orders for the A320 and A350 families.
The company successfully merged its NAVBLUE and Skywise Digital Solutions activities to form a new company, Skywise, enhancing its digital service offerings.
Airbus SE (EADSF) achieved a strong order intake of EUR5 billion in its Defense & Space division, reflecting robust demand for military aircraft and services.
The company maintained a strong liquidity position with over EUR30 billion, providing financial stability and flexibility.
Airbus SE (EADSF) confirmed its full-year 2026 guidance, targeting around 870 commercial aircraft deliveries, an EBIT adjusted of around EUR7.5 billion, and free cash flow before customer financing of around EUR4.5 billion.

Negative

Q1 2026 revenues decreased by 7% year-on-year to EUR12.7 billion, primarily due to lower commercial aircraft deliveries and US dollar depreciation.
The company faced a shortage of engines, impacting its A320 ramp-up trajectory and deliveries for 2026 and 2027.
Free cash flow before customer financing was negative at minus EUR2.5 billion in Q1 2026, reflecting low commercial deliveries and increased inventory.
Airbus SE (EADSF) experienced administrative delays affecting the delivery of nearly 20 aircraft to Chinese customers, contributing to elevated inventory levels.
The company's EBIT adjusted decreased to EUR0.3 billion from EUR0.6 billion in Q1 2025, driven by lower deliveries and less favorable hedge rates.

Jean;Christophe Henoux

Airbus SE - Head - Investor Relations and Financial Communication

(audio in progress) Thank you, Laura, and a very warm welcome to everyone joining us today to dive into our Q1 2026 results. I am in Amsterdam with our CEO, Guillaume Faury and our CFO, Thomas Toepfer. They are here to break down the numbers and take your questions. This call is planned to last one hour, including Q&A, and a replay will be available on our website. Today's presentation and detailed financial statements are already available on Airbus website.

Before we start, let me remind you that we will be making some forward-looking statements today. I encourage you to take a look at the safe harbor statement in our presentation slides. It's important stuff, so please have a quickly.

And with that, let's get things started, Guil the floor is yours.

Guillaume Faury

Airbus SE - Chief Executive Officer, Executive Director, Member of the Executive Committee

Thank you, Jac, and good evening, ladies and gentlemen. Good morning,

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