Bombardier Results Strengthen on Globals, Services

Bombardier’s continued scaling of services revenue to a record $674 million in the second quarter, and a stronger mix of business jet deliveries, offset its overall four-unit drop in shipments to 32 in the quarter.

Releasing its second-quarter results this morning, the Montreal-headquartered manufacturer reported handing over seven fewer Challengers in the quarter for a total of 14. At the same time, it delivered 18 of its top-end Globals, three more than a year ago. The company ended the quarter with a $21.8 billion backlog, climbing $4.3 billion from $17.5 billion at the end of 2025, driven by a book-to-bill of 1.5:1.

For the first six months of the year, Bombardier delivered 56 aircraft—28 Challengers (five fewer year over year) and 28 Globals (up two). Bombardier CFO and executive v-p Bart Demosky said the company remains on track to meet its full-year guidance of 157 unit deliveries (at a minimum matching that of 2025) with shipments weighted to the fourth quarter. He explained that in addition to managing the supply chain, deliveries are trending more to the fourth quarter based on customer requests for tax purposes.

Meanwhile, revenue grew to $2.15 billion in the second quarter, up from $2.03 billion a year earlier.  The services share increased to 31% of overall revenue, up a couple of percentage points from a year earlier. Reported EBIT increased as well, to $225 million in the most recent quarter, compared with $205 million in the same period a year ago, while net income (non-adjusted) was down just slightly to $191 million versus $193 million in second-quarter 2025. Adjusted net income, however, more than doubled to $275 million, up from $117 million.

For the first half, revenue is up $190 million to $3.74 billion, EBIT by $5 million to $392 million, and net income by $7 million, to $244 million.

“We’ve often talked about the importance of building a stronger, more resilient Bombardier. This quarter provided another good example of that journey in action,” said Bombardier president and CEO Éric Martel, pointing to revenue and earnings growth in addition to its expanding footprint and backlog. “Put simply, every fundamental measure of our business moved in the right direction.”

Demand, he added, is a “strong tailwind,” particularly for the Global 8000 and from fleet operators. But he maintained that demand has also remained solid from one-off buyers and across geographic regions, except for a softening in the Middle East.

Importantly, Bombardier continues to whittle down debt, shaving off $365 million in the quarter and by $1.1 billion in the first half, lowering overall interest payments. It was able to replace a $450 million revolving facility with a $750 million one, and the next loan maturity isn’t until November 2030.

“We have strong demand, a growing backlog, record services revenue, significant free cash flow generation, and a very strong balance sheet,” Martel maintained. “Clearly, we have moved from protecting the balance sheet to using it as a strategic advantage, which is a much better place to be.”

This is opening possibilities for mergers and acquisitions activity. Martel pointed to the services side and capacity for defense as two possible areas.