Bombardier has raised its 2026 free cash flow guidance for a second time this year, to more than US$1.3 billion from more than US$1.0 billion, after reporting stronger cash generation in the third quarter. The Montreal-based business jet manufacturer kept its other key targets unchanged, including deliveries of more than 157 aircraft and revenue above US$10 billion for the full year.
Third-quarter revenue rose 3% year on year to US$2.4 billion, with 33 aircraft deliveries. Services revenue reached a record US$701 million, up 19%. Free cash flow, a non-GAAP measure, was US$183 million, an increase of 20%, while operating cash flow rose 36% to US$259 million. Adjusted EBITDA increased 7% to US$382 million.
Bombardier recorded a unit book-to-bill ratio of 1.7 in the quarter and ended September with a US$22.2 billion backlog, up US$4.7 billion from the end of 2025. The order and delivery pipeline supports its unchanged production and revenue targets, while CEO Éric Martel cited year-to-date performance, demand and visibility on the remaining deliveries as factors behind the higher cash-flow forecast.
The company reported approximately US$2.4 billion in available liquidity and a US$1.1 billion reduction in debt year to date. The revised cash-flow figure is a full-year forecast, not a reported result.