StandardAero (SARO) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and StandardAero published the results on November 5, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. StandardAero reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted Diluted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Segment revenue includes intersegment sales. In Q3 2026 Component Repair Services sold $20.7 million of work to Engine Services, which StandardAero counts in Component Repair Services and deducts from Engine Services, so the two segments add up to total revenue.
• From Q2 2026 StandardAero's Adjusted Diluted EPS excludes amortization of all intangible assets, including those tied to OEM licenses, not only acquired intangibles. The year-ago $0.30 is on that new basis.

Source: StandardAero Q3 2026 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How StandardAero splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• StandardAero's Engine Services revenue was $1.4 billion in Q3 2026, up 4% from $1.3 billion in Q3 2025, 88% of total revenue.
• StandardAero's Component Repair Services revenue was $189 million in Q3 2026, up 7% from $176 million in Q3 2025, 12% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

StandardAero gives its outlook as a table in the release. It raised full-year 2026 revenue guidance to $6,525 million to $6,645 million and Adjusted Diluted EPS guidance to $1.57 to $1.62.

In its Q3 2026 release, StandardAero said:

“StandardAero is updating its full year 2026 guidance:”

“Adjusted EBITDA (increase) $905 to $920”

“Includes effect from the elimination of approximately $300 million in material pass-through revenue.”

“Military & Helicopter Low-Double Digit YoY Growth”

Source: StandardAero Q3 2026 release, Nov 5, 2026.

This is the company's own guidance as of Nov 5, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the SARO forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted EPS, each as first reported in that quarter's release. Adjusted Diluted EPS is left out: StandardAero did not report it in its Q3 2025 release and changed its definition in Q2 2026.

We do not hold a confirmed date for StandardAero's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 5, 2026

StandardAero earns its revenue servicing aircraft engines, through two segments. In Q3 2026 Engine Services, which covers maintenance, repair and overhaul of gas turbine engines and auxiliary power units, brought in $1,368.8 million of the $1,557.4 million total. Component Repair Services, which repairs engine parts, brought in $188.7 million. (StandardAero Q3 2026 release, Nov 5, 2026; StandardAero Form 10-Q, Q3 2026, Nov 6, 2026)

By end market, commercial aerospace is the largest: $859.6 million in Q3 2026, against $848.6 million a year earlier. Business aviation was $348.5 million and military and helicopter $293.0 million. StandardAero said business aviation grew 7.4%, military and helicopter 7.2% and commercial aerospace 1.3%. (StandardAero Form 10-Q, Q3 2026, Nov 6, 2026; StandardAero Q3 2026 release, Nov 5, 2026)

StandardAero said Engine Services revenue rose 3.5% primarily on volume, partially offset by the elimination of pass-through revenue. The 10-Q describes it as low-to-no margin material pass-through revenue on restructured contracts, and the full-year 2026 guidance includes the elimination of about $300 million of it. Material cost fell to $879.3 million from $892.2 million even as revenue grew. (StandardAero Q3 2026 release, Nov 5, 2026; StandardAero Form 10-Q, Q3 2026, Nov 6, 2026)

StandardAero's revenue comes from a small number of large customers. One customer, Customer A in the 10-Q, accounted for 13.1% of revenue in Q3 2026, against 14.3% a year earlier. For 2025 its top four OEM customers accounted for about 36% of revenue, and about 80% of revenue came from customers on long-term agreements. (StandardAero Form 10-Q, Q3 2026, Nov 6, 2026; StandardAero Form 10-K, 2025, Feb 26, 2026)

Engine makers both license StandardAero to work on their engines and subcontract aftermarket work to it. The 10-K names GE Aerospace, CFM International, Rolls-Royce, Honeywell, Pratt & Whitney and Safran, and says StandardAero was the first independent CFM International LEAP-1A and LEAP-1B Premier MRO service provider in the Americas. In 2026 it paid a $180.0 million license fee to one of its OEM partners. (StandardAero Form 10-K, 2025, Feb 26, 2026; StandardAero Form 10-Q, Q3 2026, Nov 6, 2026)

StandardAero's GAAP diluted EPS was $0.28 in Q3 2026 and its Adjusted Diluted EPS was $0.39. The largest adjustment was $38.0 million of amortization of intangible assets ($0.11 a share), followed by $6.0 million of stock compensation and other one-off costs, less an $11.1 million tax adjustment. Since Q2 2026 the adjusted figure excludes amortization of all intangible assets, including license-related ones. (StandardAero Q3 2026 release, Nov 5, 2026)

Net income rose 36.2% to $92.8 million. Interest expense fell to $40.5 million from $44.6 million, and the effective tax rate for the first nine months of 2026 was 23.4%, against 26.3% a year earlier, which the 10-Q attributes in part to the GILTI impact in 2025. (StandardAero Q3 2026 release, Nov 5, 2026; StandardAero Form 10-Q, Q3 2026, Nov 6, 2026)

Diluted weighted average shares were 331.1 million in Q3 2026, against 334.4 million a year earlier. StandardAero repurchased $50.1 million of stock in the quarter and $150.1 million in the first nine months of 2026. (StandardAero Q3 2026 release, Nov 5, 2026; StandardAero Form 10-Q, Q3 2026, Nov 6, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

StandardAero publishes full-year guidance in its release and raised it again with Q3 2026. It now expects revenue of $6,525 million to $6,645 million, Adjusted EBITDA of $905 million to $920 million, Adjusted Free Cash Flow of $270 million to $300 million and Adjusted Diluted EPS of $1.57 to $1.62. (StandardAero Q3 2026 release, Nov 5, 2026)

On October 28, 2026 StandardAero's board raised the share repurchase authorization to $1.0 billion, and the company said it intends to enter into a $350.0 million accelerated share repurchase with Morgan Stanley. About $500.0 million would remain available after that. (StandardAero Q3 2026 release, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover StandardAero, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones StandardAero's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning SARO is on is SARO a buy or a sell?, what analysts expect next is on the SARO forecast, and what the company does is on the StandardAero (SARO) stock page.

Every number on this page can be traced to a document StandardAero published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.