Allegiant Travel Company (ALGT)

Allegiant Travel’s earnings topped consensus even as revenue trailed, as the company’s second fiscal quarter of 2026 (reported August 4, 2026) paired a sharp year-over-year revenue increase with a much higher adjusted EPS print. Revenue rose 36.9% to roughly $943.5 million (up from about $689.4 million a year ago) but came in below expectations, with revenue of $943.5 million trailing the $982.7 million estimate (-4%). Profitability was positive on an operating basis, with operating income of about $21.1 million translating to an operating margin of roughly 2.2%, while net income improved 92.5% year over year to around -$4.9 million (from about -$65.2 million a year ago). On the bottom line, adjusted EPS of $2.19 topped the $1.11 estimate (+97.3%) and was up from $1.23 a year ago. The quarter generated operating cash flow of roughly $46.1 million. For the next period, consensus calls for EPS of -$0.40 on revenue of $937.2 million.