CAE · CAE Inc.

Summary

CAE Inc. reported Q3 fiscal 2026 results with consolidated revenue of $1,252.1 million, up 2% from prior year, adjusted EPS of $0.34 up 17%, and net debt-to-adjusted EBITDA of 2.30x ahead of target. Civil revenue declined 5% while Defense grew 14%, with transformation actions including non-core asset divestitures and simulator network optimization underway.

Key takeaways

• Revenue $1,252.1M (+2% YoY)
• Adjusted EPS $0.34 (+17% YoY)
• Civil revenue $717.2M (-5% YoY), backlog $8.2B
• Defense revenue $534.9M (+14% YoY), backlog $11.0B, aSOI margin 10.1%
• Net debt $2,782.3M, net debt-to-adjusted EBITDA 2.30x (ahead of 2.50x target)
• Repurchased 44,100 shares at $36.50 average for $1.6M