BETA Technologies Q3 revenue jumps 98% to record high, raises 2026 outlook

Overview

• US aerospace and defense firm's Q3 revenue nearly doubled yr/yr, hitting a record high

• Company secured FAA authorization for customer demo flights with electric VTOL aircraft

Outlook

• BETA raises 2026 revenue guidance to $52 mln-$57 mln

• Company maintains 2026 Adjusted EBITDA guidance of ($400) mln to ($445) mln

Result Drivers

• REVENUE GROWTH - Co attributed record revenue to organic growth across product and service lines

• FAA AUTHORIZATION - Co said FAA approval for customer demo flights with A250 electric VTOL aircraft broadened commercial opportunities

• OPERATIONAL EXPANSION - Co said increased flight operations and mission variety provided data supporting aircraft development

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the aerospace & defense peer group is "buy"

• Wall Street's median 12-month price target for BETA Technologies, Inc. is $33.00, about 61.9% above its November 2 closing price of $20.38

Reuters Recommended Reads

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• Nov 1 - Hanwha signs $269 million shipbuilding contract for US Navy

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)