Quick Take: MTU Q2‘26 - Solid beat driven by MRO growth

Research evidence excerpt

Quick Take: MTU Q2‘26 - Solid beat driven by MRO growth

or worse aftermarket margins over the longer-term. Deterioration in V2500, PW2000 and CF6

aftermarket programs could also pose as a downside risk, as a slowdown in air traffic and an increase in aircraft retirements can

offset growth in new spares sales, as the older engines are dismantled and increased used parts availability further depress new

parts sales. MRO margins could also be lower than expected due to higher GTF work.

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