ATRO on Nasdaq

Astronics

Logo: MichelleManson, CC BY-SA 4.0, via Wikimedia Commons4

American aerospace electronics corporation

Astronics Corporation is an American aerospace electronics corporation founded in 1968, headquartered in East Aurora, New York. It is traded on NASDAQ as Nasdaq: ATRO. It is known for lighting and electronics integrations on military, commercial, and business aircraft and semiconductor test systems.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

$862.1MRevenue, fiscal 20255
$29.4MNet income, fiscal 20256
Dec 5, 1968Founded1

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  • TickerATRO on Nasdaq1
  • IndustryAircraft Parts & Auxiliary Equipment, NEC1
  • HeadquartersEast Aurora1
  • Websitewww.astronics.com
  • Incorporated inNY7
  • Business address130 Commerce Way, -, East Aurora, Ny 14052-21647
  • Filer categoryLarge accelerated filer7

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Astronics Corporation is an American aerospace electronics corporation founded in 1968, headquartered in East Aurora, New York. It is traded on NASDAQ as Nasdaq: ATRO. It is known for lighting and electronics integrations on military, commercial, and business aircraft and semiconductor test systems.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

29.9%Gross margin6
8.9%Operating margin6
3.4%Net margin6
8.4%Revenue growth, 20255
21.0%Return on equity6
2.39×Debt to equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Aerospace brought in 92% of the revenue Astronics broke down this way in fiscal 2025.

  1. Aerospace$797.3M592%up 13% from 2024
  2. Test Systems$64.8M58%down 27% from 2024
Business segments by year
Business segments202320242025
Aerospace$604.8M$706.7M$797.3M
Test Systems$84.4M$88.7M$64.8M

Regions

United States brought in 71% of the revenue Astronics broke down this way in fiscal 2025.

  1. United States$615.1M671%up 4% from 2024
  2. Europe$153.4M618%up 10% from 2024
  3. Asia$73.3M68%up 66% from 2024
  4. North America, Excluding United States$14.6M62%up 12% from 2024
  5. Other Continent$3.6M60%up 7% from 2024
  6. South America$2.1M60%up 47% from 2024
Regions by year
Regions202320242025
United States$518.1M$593.9M$615.1M
Europe$123.7M$139.4M$153.4M
Asia$26.2M$44.2M$73.3M
North America, Excluding United States$14.9M$13.1M$14.6M
Other Continent$4.3M$3.4M$3.6M
South America$2.1M$1.4M$2.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue70¢$604.0M
  • Research and development5¢$43.5M
  • Selling, general and admin16¢$138.3M
  • Other costs5¢$44.5M
  • Income tax0¢$2.6M
  • Profit3¢$29.4M

Out of $862.1M in revenue.56

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$74.8M

Out of $74.8M of cash from operations.6

Financial statements

Revenue91011121365$862.1M in 2025+7% since 2018
0$250.0M$500.0M$750.0M$1.0B2018: $803.3M$803.3M20182019: $772.7M$772.7M2019−4%2020: $502.6M$502.6M2020−35%2021: $444.9M$444.9M2021−11%2022: $534.9M$534.9M2022+20%2023: $689.2M$689.2M2023+29%2024: $795.4M$795.4M2024+15%2025: $862.1M$862.1M2025+8%
Gross profit9101112136$258.2M in 2025+43% since 2018
0$100.0M$200.0M$300.0M2018: $180.7M$180.7M20182019: $156.1M$156.1M2019−14%2020: $96.8M$96.8M2020−38%2021: $65.4M$65.4M2021−33%2022: $71.5M$71.5M2022+9%2023: $174.5M$174.5M2023+144%2024: $220.4M$220.4M2024+26%2025: $258.2M$258.2M2025+17%
Operating income9101112136$76.4M in 2025+20% since 2018
-$150.0M-$100.0M-$50.0M0$50.0M$100.0M2018: $63.7M$63.7M20182019: $1.7M$1.7M2019−97%2020: -$100.7M-$100.7M20202021: -$28.7M-$28.7M2021−72%2022: -$30.0M-$30.0M2022+5%2023: -$6.7M-$6.7M2023−78%2024: $26.5M$26.5M20242025: $76.4M$76.4M2025+189%
Net income9101112136$29.4M in 2025−37% since 2018
-$150.0M-$100.0M-$50.0M0$50.0M$100.0M2018: $46.8M$46.8M20182019: $52.0M$52.0M2019+11%2020: -$115.8M-$115.8M20202021: -$25.6M-$25.6M2021−78%2022: -$35.7M-$35.7M2022+40%2023: -$26.4M-$26.4M2023−26%2024: -$16.2M-$16.2M2024−39%2025: $29.4M$29.4M2025

Every line of the income statement in the latest annual report, as filed.6

Period ending2025-12-312024-12-312023-12-31
Sales$862.1M$795.4M$689.2M
Cost of Products Sold$604.0M$575.0M$514.7M
Gross Profit$258.2M$220.4M$174.5M
Research and Development Expenses$43.5M$52.1M$53.7M
Selling, General and Administrative Expenses$138.3M$141.9M$127.5M
Income (Loss) from Operations$76.4M$26.5M-$6.7M
Net Gain on Sale of Businesses$0$0$3.4M
Loss on Settlement of Debt$32.6M$10.1M$0
Other (Income) Expense, Net-$738.0K$2.2M-$261.0K
Interest Expense, Net of Interest Income$12.6M$22.0M$23.3M
Income (Loss) Before Income Taxes$31.9M-$7.9M-$26.3M
Provision for Income Taxes$2.6M$8.3M$110.0K
Net Income (Loss)$29.4M-$16.2M-$26.4M
Basic Earnings (Loss) Per Share (in usd per share)$0.83-$0.46-$0.80
Diluted Earnings (Loss) Per Share (in usd per share)$0.81-$0.46-$0.80

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The story

CEO

Kevin Keane, 1972-2002 Chairman of the Board 2002-2019

Peter Gundermann, 2003–present, Chairman of the board 2019–present Act

From Wikipedia’s article on Astronics, shared under CC BY-SA 4.0.8

Leadership

Who has led Astronics, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Peter J. Gundermann2005–now

Chair

  1. Kevin T. Keane2003–2008

President

  1. Peter J. Gundermann2004–now

Chief financial officer

  1. David C. Burney2014–2024
197019801990200020102020
Board members and other officers (18)

Acquisitions

PECO for $136 million on July 18th, 2013.

PGA Electronic for $105 million on December 6th, 2013.

Custom Control Concepts on April 3rd, 2017.

Telefonix Inc. and Product Development Technologies for $105 million on December 1st, 2017.

Read the full text

Divested semiconductor Automatic Test Equipment division to Advantest for $185 million on February 14th, 2019.

Freedom Communication Technologies for $22 million on July 1st, 2019.

Diagnosys Test Systems for $7 million on October 4th, 2019.

From Wikipedia’s article on Astronics, shared under CC BY-SA 4.0.8

Timeline

  1. Apr 18, 2005New chief executive Peter J. Gundermann becomes CEO20
  2. 1992Went public Listed on NASDAQ1
  3. Dec 5, 1968Founded Founded1

Recent filings

  1. Oct 8, 2026SCHEDULE 13G/A
  2. Oct 2, 20264
  3. Oct 2, 20264
  4. Oct 2, 20264
  5. Oct 2, 20264
  6. Sep 18, 20264
  7. Aug 26, 20264
  8. Aug 19, 20264
  9. Aug 19, 20264
  10. Aug 14, 2026SCHEDULE 13G/A
  11. Aug 12, 2026SCHEDULE 13G
  12. Aug 12, 202610-Q
  13. Aug 11, 20268-K
  14. Jul 14, 2026SCHEDULE 13G
  15. Jun 17, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

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