Bombardier recorded a 5% year-over-year increase in revenue for the first quarter, with aftermarket support and a marginally higher delivery count underpinning the gain. Total revenue for the quarter was $1.6 billion, up from $1.52 billion a year earlier.
Services revenue - which covers parts and maintenance for Bombardier's expanding global fleet - rose sharply, climbing 25% to $617 million. The company said demand for parts and maintenance was particularly strong in the U.S., helping offset operating pressure elsewhere. The report noted that private aviation has generally remained resilient even as jet fuel prices rose in response to the Middle East conflict.
Bombardier delivered 24 aircraft during the quarter, one more than in the comparable period a year earlier, and said it continued to benefit from fresh orders for the recently certified Global 8000 ultra-long-range business jet as it ramps production to meet sustained private-flying demand.
Free cash flow - a closely watched investor metric - swung to a $360 million inflow in the quarter, compared with $304 million of cash used in the year-ago quarter. The company described the $360 million figure as its highest first-quarter free cash flow in nearly two decades, according to a company statement attributed to CEO Eric Martel.
Reflecting the stronger cash generation, Bombardier raised its full-year 2026 free cash flow guidance to more than $1 billion, up from a prior range of $600 million to $1 billion. The company reiterated its plan to deliver more than 157 planes this year.
On an adjusted basis, Bombardier reported earnings of $1.81 per share for the quarter, compared with $0.61 per share a year earlier.
Financial snapshot
- Quarterly revenue: $1.6 billion vs $1.52 billion a year ago.
- Services revenue: $617 million, up 25% year-on-year.
- Aircraft deliveries: 24, one more than the same quarter last year.
- Free cash flow: $360 million vs $304 million used in the prior-year quarter.
- Adjusted EPS: $1.81 vs $0.61 a year earlier.
This set of results highlights the company’s stronger aftermarket performance and improved cash conversion in the quarter, while management maintained delivery targets and raised the full-year cash outlook.