Bombardier Delivers Strong Third Quarter Performance Across Key Metrics and Further Raises 2026 Free Cash Flow Guidance

• Revenues grew 3% year-over-year to $2.4 billion, including $701 million for the Services business. Aircraft deliveries totaled 33.
• Adjusted EBITDA⁽¹⁾ increased 7% year-over-year to $382 million. Adjusted EBITDA margin⁽²⁾ was 16.1% compared to 15.4% a year ago. Reported EBIT was $266 million up 17% from the third quarter of 2025, with an EBIT margin⁽³⁾ of 11.2%, a 140 basis-point increase from the prior-year period.
• Adjusted net income⁽¹⁾ increased 41% to $182 million. Reported net income⁽⁴⁾ totaled $81 million, down by 5% compared to $85 million in the prior-year period. Adjusted EPS⁽²⁾ was $1.72 and diluted EPS⁽⁴⁾ was $0.73.​
• Free cash flow⁽¹⁾ reached $183 million for the quarter, reflecting an improvement of 20% compared to third quarter of 2025. Cash flows from operating activities⁽⁴⁾ totaled $259 million, a 36% increase from the prior-year period, while net additions to PP&E and intangible assets⁽³⁾ were at $76 million.
• Backlog⁽⁵⁾ as at September 30, 2026, reached $22.2 billion, reflecting a unit book-to-bill⁽⁶⁾ of 1.7x for the quarter.​
• Available liquidity⁽¹⁾ totaled approximately $2.4 billion; cash and cash equivalents were $1.6 billion as at September 30, 2026.
• The Corporation further raises 2026 free cash flow⁽¹⁾ guidance to greater than $1.3 billion, reaffirms guidance on other key metrics⁽⁷⁾.
• The Corporation announces that it will host an Investor Day on February 18, 2027.
  

All amounts in this press release are in U.S. dollars, unless otherwise indicated.
Amounts in tables are in millions except per share amounts, unless otherwise indicated.

MONTREAL, Nov. 05, 2026 (GLOBE NEWSWIRE) — Bombardier Inc. (TSX: BBD.B) today announced strong financial results for the third quarter of 2026, delivering higher revenues fueled by an all time high for the Services business, strong profitability stemming from continued execution, and continued strong free cash flow⁽¹⁾ generation. Given the momentum and results, the company is further raising 2026 guidance for free cash flow⁽¹⁾, while reaffirming all other guidance metrics⁽⁷⁾.

“Bombardier’s robust third quarter results reflect a solid team effort that delivered higher profitability and yet another raising of free cash flow guidance, both of which are strong indicators of our foundational strength and resilience. We are entering the final stretch of 2026 with a healthy backlog, strong demand and solid visibility on all remaining deliveries,” said Éric Martel, President and Chief Executive Officer, Bombardier. “Surpassing $700 million in quarterly Services revenues for the first time reflects a team that is delivering on its mission to consistently and relentlessly place the customer at the heart of everything we do, through our growing service network, which was recently voted No. 1 yet again, as well as throughout our entire company culture.”

Revenue Growth Driven by Record Services Performance

Bombardier reported revenues of $2.4 billion in the third quarter, up 3% year-over-year, supported by 33 aircraft deliveries and record-setting Services revenue of $701 million. Services revenue increased 19% year-over-year, driven by continued network growth and a strong focus on customer experience, reflected in Bombardier’s No. 1 ranking in leading-industry product support surveys⁽⁸⁾ for another year. The quarter also underscored growing momentum for Bombardier’s defense market. In addition to solid, in-quarter activity, the company’s longer-term pipeline stands to benefit from key developments for longtime partner Saab, including NATO selecting the GlobalEye solution as well as the Canadian government selecting the same platform for its defense needs.

Sustained demand drove a unit book-to-bill⁽⁶⁾ of 1.7x for the quarter. Backlog⁽⁵⁾ reached $22.2 billion as at September 30, 2026, increasing by $4.7 billion compared with year-end 2025.

Strong Cash Generation and Solid Profitability

Free cash flow⁽¹⁾ reached $183 million in the third quarter, a 20% increase year-over-year, reflecting strong demand across the business and sustained order momentum. Cash flows from operating activities⁽⁴⁾ totaled $259 million, a 36% increase from the prior-year period, while net additions to PP&E and intangible assets⁽³⁾ amounted to $76 million, demonstrating the company’s ability to generate strong cash flow while continuing to invest in future growth.

Bombardier continued to deliver solid profitability in the third quarter, with growth across key earnings metrics. Adjusted EBITDA⁽¹⁾ increased 7% year-over-year to $382 million, while adjusted EBITDA margin⁽²⁾ expanded to 16.1%, up 70 basis points compared to 15.4% a year ago. Reported EBIT was $266 million, up 17% from the same quarter in 2025. Reported EBIT margin⁽³⁾ increased by 140 basis points from the prior-year period, reflecting continued progress in the company’s earnings performance.

The strong earnings performance also translated to the bottom line. Adjusted net income⁽¹⁾ increased 41% to $182 million, while reported net income⁽⁴⁾ totaled $81 million, 5% lower from the same quarter last year. Adjusted EPS⁽²⁾ rose to $1.72 from $1.21 a year ago, while diluted EPS⁽⁴⁾ was $0.73, compared with $0.77 in the third quarter of 2025.

Continuing to Build a Stronger Balance Sheet

Bombardier ended the quarter with approximately $2.4 billion of available liquidity⁽¹⁾, including $1.6 billion of cash and cash equivalents as at September 30, 2026. The strong financial performance since the start of the year, combined with reducing debt by $1.1 billion year-to-date, enabled the company to achieve its target adjusted net debt to adjusted EBITDA ratio⁽²⁾ of 1.5x at quarter end.

2026 Guidance Update⁽⁷⁾

	2025 results	2026 Guidance provided in our Q1-2026 Quarterly Report(9)	2026 Guidance update(7)
Aircraft deliveries (in units)	157	> 157	> 157
Revenues	$9.55 billion	> $10.0 billion	> $10.0 billion
Adjusted EBITDA(1)	$1,559 million	> $1,625 million	> $1,625 million
EBIT	$1,108 million	n/a	n/a
Free cash flow(1)	$1,072 million	> $1.0 billion	> $1.3 billion
Cash flows from operating activities	$1,225 million	n/a	n/a
Net additions to PP&E and intangible assets(3)	$153 million	n/a	n/a

Following a strong performance year-to-date and confidence in the business outlook, Bombardier is raising its 2026 free cash flow⁽¹⁾ guidance for a second time this year. Free cash flow⁽¹⁾ is now expected to be greater than $1.3 billion for the full year. Guidance for all other key financial metrics remains unchanged from the updated guidance issued on April 30, 2026. Net additions to PP&E and intangible assets⁽³⁾ are expected to be approximately $300 million.

Bombardier will host an in-person Investor Day on February 18, 2027, where it will provide an update on its strategic priorities and outlook for the coming years. Further details on event timing and location will be communicated in the coming weeks.

• Non-GAAP financial measure. A non-GAAP financial measure is not a standardized financial measure under the financial reporting framework used to prepare our financial statements and might not be comparable to similar financial measures used by other issuers. Refer to the section entitled Caution regarding non-GAAP and other financial measures of this press release and to the Non-GAAP and other financial measures section in the Management Discussion & Analysis of the Corporation’s interim financial report for the quarter ended September 30, 2026 (“MD&A”) for definitions of these metrics and reconciliations to the most comparable IFRS measures.
• Non-GAAP financial ratio. A non-GAAP financial ratio is not a standardized financial measure under the financial reporting framework used to prepare our financial statements and might not be comparable to similar financial measures used by other issuers. Refer to the section entitled Caution regarding non-GAAP and other financial measures of this press release and to the Non-GAAP and other financial measures section in the MD&A for definitions of these metrics and reconciliations to the most comparable IFRS measures.
• Supplementary financial measure. Refer to the section entitled Caution regarding non-GAAP and other financial measures of this press release and to the Non-GAAP and other financial measures section in the MD&A for definitions of these metrics.
• Only from continuing operations.
• Represents order backlog for both manufacturing and Services.
• Defined as net new aircraft orders in units over aircraft deliveries in units.
• Forward-looking statement. See the Forward-looking statements disclaimer in this press release and the Forward-looking statements- Assumptions section of the MD&A for details of some of the material assumptions on which the 2026 Guidance is based.
• Bombardier ranked #1 in AIN’s 2024, 2025 and 2026 Product Support Survey and Professional Pilot Magazine’s 2025 and 2026 Corporate Aircraft Manufacturers Product Support Survey.
• Refer to the Management Discussion & Analysis of the Corporation’s financial report for the fiscal year ended December 31, 2025 (“2025 Financial Report”) and the Management Discussion & Analysis of the Corporation’s interim financial report for the quarter ended March 31, 2026 for further details.

SELECTED RESULTS

Results of the quarter
Three-month periods ended September 30			2026				2025			Variance
Revenues		$	2,373			$	2,307				3	%
Adjusted EBITDA(1)		$	382			$	356				7	%
Adjusted EBITDA margin(2)			16.1	%			15.4	%		70 bps
Adjusted EBIT(1)		$	267			$	227				18	%
Adjusted EBIT margin(2)			11.3	%			9.8	%		150 bps
EBIT		$	266			$	227				17	%
EBIT margin(3)			11.2	%			9.8	%		140 bps
Net income(4)		$	81			$	85			$	(4	)
Diluted EPS (in dollars)(4)		$	0.73			$	0.77			$	(0.04	)
Adjusted net income(1)		$	182			$	129			$	53
Adjusted EPS (in dollars)(2)		$	1.72			$	1.21			$	0.51
Cash flows from operating activities(4)		$	259			$	190			$	69
Net additions to PP&E and intangible assets(3)		$	(76	)		$	(38	)		$	(38	)
Free cash flow(1)		$	183			$	152			$	31
As at	September 30, 2026				December 31, 2025					Variance
Cash and cash equivalents		$	1,615			$	2,175			(26		)%
Available liquidity(1)		$	2,365			$	2,540			(7		)%
Order backlog (in billions of dollars)(5)		$	22.2			$	17.5				27	%

bps: basis points

• Non-GAAP financial measure. A non-GAAP financial measure is not a standardized financial measure under the financial reporting framework used to prepare our financial statements and might not be comparable to similar financial measures used by other issuers. Refer to the section entitled Caution regarding non-GAAP and other financial measures of this press release and the Non-GAAP and other financial measures section in the MD&A for definitions of these metrics and reconciliations to the most comparable IFRS measures.
• Non-GAAP financial ratio. A non-GAAP financial ratio is not a standardized financial measure under the financial reporting framework used to prepare our financial statements and might not be comparable to similar financial measures used by other issuers. Refer to the section entitled Caution regarding non-GAAP and other financial measures of this press release and to the Non-GAAP and other financial measures section in the MD&A for definitions of these metrics and reconciliations to the most comparable IFRS measures.
• Supplementary financial measure. Refer to the section entitled Caution regarding non-GAAP and other financial measures section of this press release and to the Non-GAAP and other financial measures section in the MD&A for definitions of these metrics.
• Only from continuing operations.
• Represents order backlog for both manufacturing and Services.