TransDigm Group — Nov 12, 2025 release

Additionally, we expect continued growth in our commercial aftermarket and defense end markets, where the overall trends remain quite positive." TransDigm expects fiscal 2026 financial guidance to be as follows: • Net sales are anticipated to be in the range of $9,750 million to $9,950 million compared with $8,831 million in fiscal 2025, an increase of 11.5% at the midpoint; • Net income is anticipated to be in the range of $1,906 million to $2,026 million compared with $2,074 million in fiscal 2025, a decrease of 5.2% at the midpoint (primarily due to additional interest expense relating to the financing activities completed during the fourth quarter of fiscal 2025); • Earnings per share is expected to be in the range of $31.55 to $33.59 per share based upon weighted average shares outstanding of 58.5 million shares, compared with $32.08 per share in fiscal 2025, which is an increase of 1.5% at the midpoint; • EBITDA As Defined is anticipated to be in the range of $5,075 million to $5,225 million compared with $4,760 million in fiscal 2025, an increase of 8.2% at the midpoint (corresponding to an EBITDA As Defined margin guide of approximately 52.3% for fiscal 2026); • Adjusted earnings per share is expected to be in the range of $36.49 to $38.53 per share compared with $37.33 per share in fiscal 2025, an increase of 0.5% at the midpoint compared to prior year; and • F is cal 2026 outlook is based on the following market growth assumptions: ◦ Commercial OEM revenue growth in the high single-digit to mid-teens percentage range; ◦ Commercial aftermarket revenue growth in the high single-digit percentage range; an d ◦ Defense revenue