Bombardier reported a profit and revenue increase in the first quarter of 2026 compared to the same period last year, driven by higher jet deliveries and improved operational performance. The Canadian business jet manufacturer posted net income of $142 million, or $1.45 per diluted share, for the quarter ended March 31, up from $98 million, or $1.02 per share, a year earlier. Revenue rose to $1.82 billion from $1.65 billion in the prior-year quarter, reflecting a 10% increase.
Key Financial Highlights
The company delivered 32 aircraft in the quarter, compared to 28 in the same period last year. Bombardier's backlog remained strong at $14.8 billion, supported by demand for its Challenger and Global series jets. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased to $312 million from $278 million, with margins expanding to 17.1% from 16.8%.
Operational Improvements
Bombardier attributed the results to cost reduction initiatives and supply chain improvements. The company also benefited from a favorable mix of higher-margin aircraft sales. Chief Executive Officer Eric Martel said in a statement that the results reflect the company's focus on execution and customer satisfaction. He noted that Bombardier is on track to meet its full-year guidance.
Market Outlook
The business jet market remains robust, with demand from corporate customers and high-net-worth individuals. Bombardier expects to deliver about 150 aircraft in 2026, up from 138 in 2025. The company is also investing in new models, including the Global 8000, which is expected to enter service in 2027. Bombardier's shares rose 2.3% on the Toronto Stock Exchange following the earnings release.
