TAT Technologies Q1 2026 Earnings: Revenue Slight Decline to $41.1M, Backlog Hits Record $580M

TAT Technologies reported Q1 2026 financial results showing revenues of $41.1 million, a slight 2.4% decrease from $42.1 million in Q1 2025, primarily due to component part shortages and delayed deliveries from OEM suppliers. Despite the revenue decline, gross profit remained stable at $10.0 million with improved gross margin of 24.4%. Net income was $3.4 million compared to $3.8 million in the prior year. The company reported a significant positive development with operating cash flow of $1.9 million versus negative $(5.0) million in Q1 2025. Most notably, TAT's backlog and long-term agreements reached a record high of approximately $580 million, reflecting strong customer demand across all service lines. CEO Igal Zamir expressed confidence in resolving supply chain disruptions and expects growth to resume in Q2 and second half of 2026.