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

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

Thank you, Guillaume, and Thomas. Before opening the Q&A session, let me set a couple of guidelines. First, please introduce yourself and your company before you dive in Second, we ask you to limit yourself to 2 questions so that we keep things fair for everyone in the queue. And finally, a small lever for the speakers, please try to keep a steady pace and it clearly. It really help us and everyone listening in to fu...

And maybe on [indiscernible] directly, Ross so no. The situation has not changed. So the shortage is the same that we were talking about in our full year call. So it's a shortage about what we have requested from them. The situation in terms of what they told us they would deliver for 2026 has since then not changed. So therefore, that is what we have put as the basis for our guidance. And as I said, this is unchange...

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.

Earnings Call History

EarningsCalls.dev has 84 Airbus SE earnings call transcripts on record, spanning February 13, 2020 to July 29, 2026. Based on this history, Airbus SE reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

AIR

Exchange

ENXTPA

Country

FR

Sector

Industrials

Industry

Aerospace and Defense

Calls on record

84

First call

February 13, 2020

Most recent

July 29, 2026

Reporting cadence

quarterly