Bombardier: From Turnaround To A Shareholder Returns Story

Bombardier maintains a Buy rating, supported by robust free cash flow and a successful turnaround driving deleveraging. Q1 2026 revenues rose 5% to $1.6B, with services up 25% and free cash flow guidance upgraded to over $1B for 2026. A $20.3B backlog, streamlined cash collection, and defense/services expansion underpin stable growth and future shareholder returns.