Bombardier Reports Record Services Revenue in Third Quarter

Bombardier reported third-quarter 2026 revenue of $2.37 billion, up 3% year over year, and services revenue of $701 million, up 19%. The company also raised its 2026 free cash flow forecast to more than $1.3 billion.

Key details

• Bombardier delivered 33 aircraft in the quarter, compared with 34 in the same quarter of 2025.
• Adjusted EBITDA rose 7% to $382 million, while the adjusted EBITDA margin increased from 15.4% to 16.1%.
• Net income was $81 million, compared with $85 million a year earlier. Adjusted net income rose 41% to $182 million.
• Free cash flow totaled $771 million in the first nine months of 2026, including $183 million in the third quarter.
• Bombardier delivered 89 aircraft in the first nine months. Its stated annual target is more than 157 deliveries, alongside revenue above $10 billion and adjusted EBITDA above $1.625 billion.
• The order backlog stood at $22.2 billion on September 30, compared with $21.8 billion at the end of June. The quarterly unit book-to-bill ratio was 1.7.
• Bombardier reduced debt by $1.1 billion during the first nine months of 2026.

Bombardier’s services revenue reached a quarterly record of $701 million, up 19% year over year.

Why it matters

Services revenue includes support and maintenance work alongside aircraft sales, giving Bombardier a source of revenue beyond new-aircraft deliveries. The company’s reported backlog and book-to-bill ratio provide measures of orders on hand and orders relative to deliveries.