CAE posts fiscal 2027 Q1 defence revenue of $531.8 million as backlog reaches about $10.7 billion
CAE's fiscal 2027 Q1 results show strengthening defense exposure: defense revenue rose 8.3% y/y with adjusted operating profit up 9.1%, supported by a ~$10.7B backlog. Total revenue grew 6.8% to $1.2B, free cash flow was $104M, and leverage improved to 2.3x net debt/EBITDA. The narrative ties these fundamentals to accelerating NATO-aligned defense spending and sustained training demand.
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CAE reported fiscal 2027 first-quarter results showing defence revenue rose 8.3% year over year to $531.8 million and adjusted defence operating income increased 9.1% to $50.5 million, with a defence backlog of about $10.7 billion. Total revenue increased 6.8% to $1.2 billion, while free cash flow was $104 million. The company said its net debt-to-adjusted EBITDA ratio fell to 2.3 times.