# TATT earnings call intelligence

LOPJLB CallCard / temporal rollup · freemium · [stock page](https://www.lopjlb.com/stock/TATT) · [Earnings tab](https://www.lopjlb.com/stock/TATT?tab=earnings)

Updated: 2026-11-02T07:39:15

Quarters analyzed: 8

## Cross-quarter narrative

Across eight earnings calls from Q3 2024 to Q2 2026, TAT Technologies consistently reported revenue growth, expanding backlog and improving gross margins, while repeatedly flagging supply‑chain constraints in its APU and landing‑gear businesses. Early calls highlighted record Q3 2024 performance and a strategic push to broaden its US investor base. Subsequent quarters showed steady revenue increases (24% YoY in Q1 2025, 18% YoY in Q2 2025, 14% YoY in Q3 2025) and a rising backlog that climbed from $423 M to $650 M. Margin expansion accelerated to 25.1% gross in Q2 2025 before modestly slipping to 24.4% in Q1 2026. Management emphasized a growing M&A pipeline, a $45 M capital raise, and an extended Honeywell distribution agreement through 2036. Despite these positives, supply‑chain volatility persisted, prompting inventory builds and causing a revenue dip in Q1 2026. The narrative reflects a trajectory of operational scaling and strategic investment tempered by ongoing logistical challenges.

## Latest CallCard · Q2

TAT Technologies delivered record Q2 2026 revenue of $52.9M (+23% YoY), backlog hit $650M, expanded Honeywell distribution agreement to 2036, but supply chain headwinds persist in landing gear and APU MRO.','tone': {'mgmt': 0.6, 'mgmt_rationale': 'Management highlighted record quarter, inflection po

**Guidance:** vague

**Tone:** mgmt 0 · Q&A pressure 0 · divergence 0

## Quarter one-liners

- **2026 Q2:** TAT Technologies delivered record Q2 2026 revenue of $52.9M (+23% YoY), backlog hit $650M, expanded Honeywell distribution agreement to 2036, but supply chain headwinds persist in landing gear and APU MRO.','tone': {'mgmt': 0.6, 'mgmt_rationale': 'Management highlighted record quarter, inflection po
- **2026 Q1:** TAT Q1 revenue dipped slightly to $41.1M on supply chain delays; record $580M backlog, gross margin expanded 80bps to 24.4%, M&A pipeline building, APU parts recovery expected over months.','tone': {'mgmt': 0.7, 'mgmt_rationale': 'Management highlighted record backlog, strong demand, margin expansio
- **2025 Q4:** TAT Technologies delivered record 2025 revenue and profitability with backlog reaching $550M, but flagged renewed supply chain disruptions in APU/landing gear heading into 2026 while pursuing M&A bolt-ons.','tone':{'mgmt':0.8,'mgmt_rationale':'Prepared remarks emphasize record results, strong backlo
- **2025 Q3:** TAT Technologies delivered Q3 2025 revenue of $46.2M (+14% YoY), record EBITDA margin 14.6%, strong cash flow, backlog $520M, and highlighted M&A focus and 2026 optimism.','tone': {'mgmt': 0.8, 'mgmt_rationale': 'Management emphasized double-digit revenue growth, record EBITDA margin, strong backlog
- **2025 Q2:** TAT Technologies delivered 18% YoY revenue growth to $43M, gross margin expanded to 25.1%, backlog grew $85M to $524M; MRO volatility offset by trading strength; $45M raise fuels M&A strategy.','tone': {'mgmt': 0.2, 'mgmt_rationale': 'Management highlighted double-digit revenue growth, fourth consec
- **2025 Q1:** TATT Q1 2025: revenue +24% to $42.1M, margins expand (gross 23.6%, EBITDA 13.6%), backlog $439M; supply chain volatility persists, inventory build strategic; long-term optimism on APU, landing gear cycles.','tone': {'mgmt': 0.2, 'mgmt_rationale': 'Management highlights strong quarter with double-dig
- **2024 Q4:** —
- **2024 Q3:** TAT Technologies posts record Q3: 35% revenue growth, 70% EBITDA growth; $423M backlog; targets >25% gross margin, >15% EBITDA; supply chain constraints persist; expanding US investor base.','tone': {'mgmt': 0.7, 'mgmt_rationale': 'Management expresses excitement about first live earnings call, high

## Theme arcs

- **Revenue growth** (improving): Quarterly revenue rose each period except a slight dip in Q1 2026, maintaining double‑digit YoY growth overall.
- **Backlog expansion** (improving): Backlog grew from $423 M in Q3 2024 to $650 M by Q2 2026, indicating strong order intake.
- **Gross margin** (stable): Margins rose to 25.1% in Q2 2025 then held near 24‑25% through 2026.
- **Supply‑chain constraints** (deteriorating): Repeated mentions of APU and landing‑gear disruptions, flagged each quarter.
- **M&A activity** (new): Capital raise and pipeline of bolt‑on acquisitions introduced in Q2 2025 and emphasized onward.
- **Distribution partnership** (new): Honeywell agreement extended to 2036 announced in Q2 2026.

## Fear persistence

- **Supply‑chain disruptions in APU and landing‑gear** [recurring]: Mentioned in every call from Q3 2024 through Q2 2026, affecting revenue timing.
- **MRO volatility** [recurring]: Cited as offset by trading strength in Q2 2025 and again as a headwind in Q2 2026.

## Guidance path

2024 Q3:vague → 2024 Q4:vague → 2025 Q1:vague → 2025 Q2:vague → 2025 Q3:vague → 2025 Q4:vague → 2026 Q1:vague → 2026 Q2:vague

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Research context only. Not personalized investment advice.

API: `GET /bff/api/bigfive/earnings-intel/TATT`