CPI Aerostructures, Inc. reported a notable improvement in its financial performance for the second quarter of 2026, with total revenue reaching $17.6 million, a 15.8% increase from $15.2 million in the same period last year. For the first half of 2026, revenue totaled $34.9 million, up 14.3% from $30.6 million in the prior year. The company attributed this growth primarily to its military subcontracting programs, particularly the RTX MPBD Missile Wing and the NGJ – Mid Band Pods, despite a decline in revenue from prime government contracts and commercial subcontracts.
The company's gross profit for the second quarter surged to $3.9 million, representing a gross margin of 22.0%, compared to $663,382 and a margin of 4.4% in the same quarter of 2025. For the first half of 2026, gross profit was $8.4 million, with a gross margin of 23.9%, significantly higher than the $2.3 million and 7.6% margin reported in the first half of 2025. This improvement was largely driven by adjustments related to the termination of the A-10 Main Landing Gear Pods program in the previous year.
CPI Aerostructures also reported a net income of $685,615, or $0.05 per share, for the second quarter of 2026, a significant turnaround from a net loss of $1.3 million, or $(0.10) per share, in the same quarter of 2025. For the first half of 2026, net income was $1.9 million, or $0.15 per share, compared to a net loss of $2.6 million, or $(0.21) per share, in the prior year. The company’s improved profitability was attributed to higher gross profits and a reduction in costs associated with its operations.
Operationally, CPI Aerostructures reported an increase in accounts receivable, which rose to $9.8 million from $5.8 million at the end of 2025, reflecting higher sales. The company’s total assets increased to $78.7 million, up from $75.2 million at the end of 2025, while total liabilities also rose to $50.6 million from $49.4 million. The company’s working capital improved to $23.5 million, a 15.2% increase from $20.4 million at the end of the previous year.
Looking ahead, CPI Aerostructures maintains a positive outlook, with a total backlog of $533.1 million as of June 30, 2026, compared to $504.5 million at the end of 2025. The funded backlog increased to $100 million, indicating strong future revenue potential, primarily from government and military contracts. The company continues to focus on enhancing its operational efficiency and expanding its market presence, particularly in the defense sector, while managing the challenges posed by inflation and supply chain dynamics.
About CPI AEROSTRUCTURES INC
CPI Aerostructures, Inc. manufactures structural assemblies, integrated systems, and kitted components for aerospace and defense markets. Serving OEMs and government agencies, it provides aerostructures, aerosystems, tube bending, welding, and electrical components. The company emphasizes quality, responsiveness, and cost competitiveness, supporting military and civil aircraft programs, with a focus on long-term contracts, supply chain management, and engineering services.
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