Bombardier posts 6% Q2 revenue growth as backlog rises to $21.8 billion

Bombardier reported second-quarter 2026 revenue of $2.15 billion, up 6% from a year earlier, as a record contribution from Services and 32 aircraft deliveries helped lift earnings and cash generation. Backlog rose to $21.8 billion at June 30, 2026, up $4.3 billion from year-end 2025, with a 1.5x unit book-to-bill driven by demand for the Global 8000 aircraft. Adjusted EBITDA increased 9% year over year to $325 million, while adjusted EBITDA margin expanded to 15.1%. Reported EBIT rose 10% to $225 million and EBIT margin improved to 10.5%. Reported net income from continuing operations was $191 million versus $193 million a year earlier, while adjusted net income climbed to $257 million from $117 million. Adjusted EPS reached $2.50 and diluted EPS was $1.84. Free cash flow reached $228 million, improving by $392 million from a $164 million outflow in the prior-year quarter, as cash flow from operating activities swung to an inflow of $338 million from a $128 million outflow. Net additions to property, plant and equipment and intangible assets rose to $110 million from $36 million. Bombardier said available liquidity remained about $1.9 billion, with cash and cash equivalents of $1.5 billion at quarter end. During the quarter, it repaid its outstanding $750 million 7.50% Senior Notes due 2029 and all outstanding $150 million CAD 7.35% debentures due December 2026, funded partly through a new $500 million 5.875% Senior Notes due 2035, cutting debt by $356 million on a notional basis. The company said debt reduction of more than $1.1 billion year to date brought its adjusted net debt to adjusted EBITDA ratio to 1.6x, near its target of about 1.5x, and left no debt maturities before November 2030. After quarter end, Bombardier replaced its previous $450 million revolving credit facility with a new $750 million five-year committed secured revolving credit facility.