Airbus Group recorded a modestly stronger bottom line in the fourth quarter, but warned that supply issues with engines will weigh on next years delivery total. For the three months ended December 31, the French planemaker reported earnings per share of 3.27 euros, a rise of 7% from the year-ago period and above Investing.com estimates of 2.34 euros.
Revenue for the quarter climbed 5% to 25.98 billion euros, however that top-line figure missed estimates of 27.5 billion euros. At the end of 2025, Airbus said its consolidated order intake value had reached 123.3 billion euros and the value of its order book stood at 619 billion euros.
Looking ahead, Airbus forecast commercial aircraft deliveries of 870 units for 2026, a target below Bloombergs estimate of about 896 planes. CEO Guillaume Faury attributed part of the shortfall to "significant" shortages of Pratt & Whitney engines, which are produced by a unit of Rtx Corp (NYSE:RTX).
Those engine constraints have prompted Airbus to adjust its narrowbody production trajectory. The company said it will trim its monthly narrowbody output rate to between 70 and 75 units by the end of 2027, with a view to stabilizing at 75 units a month after 2027. That is a revision from Airbus prior expectation of sustaining a 75-unit monthly rate in 2027.
In addition to the operational updates, Airbus proposed a dividend for 2025 of 3.20 euros per share.
Summary
Airbus posted fourth-quarter EPS of 3.27 euros, up 7% year over year and ahead of forecasts, while revenue of 25.98 billion euros fell short of estimates. The company now expects 2026 commercial deliveries of 870 aircraft due in part to significant shortages of Pratt & Whitney engines made by a unit of Rtx Corp. Airbus also revised its narrowbody production-rate guidance and proposed a 3.20-euro dividend for 2025.
Key points
- EPS: 3.27 euros for Q4, up 7% from a year earlier and above Investing.com estimates of 2.34 euros.
- Revenue: 25.98 billion euros for Q4, a 5% increase but below the 27.5 billion-euro estimate.
- 2026 deliveries guidance: 870 commercial aircraft, below Bloomberg estimates of about 896 planes.
- Order metrics: consolidated order intake value of 123.3 billion euros at end-2025 and an order book value of 619 billion euros.
- Production guidance: narrowbody monthly rate trimmed to 70-75 units by end-2027, stabilizing at 75 units a month after 2027.
- Dividend proposal: 3.20 euros per share for 2025.
Risks and uncertainties
- Engine supply constraints - Shortages of Pratt & Whitney engines are explicitly cited as limiting Airbus ability to meet previous delivery expectations; this affects aircraft production and commercial deliveries.
- Production-rate adjustments - The trimmed narrowbody output guidance introduces uncertainty into delivery cadence and production planning for airlines and suppliers tied to Airbus narrowbody programs.
- Revenue vs. estimates - The quarterly revenue shortfall relative to estimates highlights potential near-term pressure on top-line performance until supply issues are resolved.
Sectors affected
- Aerospace and aviation: direct impact through deliveries and production rates.
- Aircraft suppliers and engine manufacturers: supply constraints and production plans are central to near-term performance.
- Commercial airlines and leasing companies: delivery timing affects fleet planning and capacity growth.
All figures and statements above reflect the information provided by Airbus and the companys public guidance; no additional claims or external context have been introduced.