INNOVATIVE SOLUTIONS AND SUPPORT I (ISSC)
Industrials · Aerospace & Defense Avionics · NASDAQ
Innovative Aerosystems is a specialized designer and manufacturer of integrated avionics and flight deck display solutions for commercial, business, and military aviation.
What INNOVATIVE SOLUTIONS AND SUPPORT I does
Innovative Solutions and Support (doing business as Innovative Aerosystems) is a systems integrator that designs, develops, manufactures, and services advanced avionics solutions. Its portfolio includes primary flight guidance, autothrottles, cockpit display systems, air data equipment, and integrated flight management systems for commercial, business, and military aircraft markets. The company serves both the OEM and retrofit markets, providing integrated flight deck architectures for platforms ranging from corporate jets to defense programs.
Recent developments
In July 2026, the company acquired Aydin Displays to expand its military market presence and capabilities in naval and ground defense sectors. It also secured its first production award for the Liberty Flight Deck platform with a Japanese eVTOL aircraft developer and announced a rebranding as Innovative Aerosystems with a planned ticker change to 'IA'.
From INNOVATIVE SOLUTIONS AND SUPPORT I's filing of 2026-08-13.
Themes: aerospace & defense, avionics & flight systems, eVTOL / urban air mobility, military modernization, commercial aftermarket retrofit
Fundamentals
- Price$24.78 as of 2026-10-14 close
- Market cap$444M as of 2026-07-31 (share count; price 2026-10-14)
- 1-year return+107.9% 2025-10-14 close $11.92 → 2026-10-14 close $24.78
- P/E23.38 as of 2026-10-14
- ROE+24.2% FY2025, SEC XBRL
- ROIC+19.6% NOPAT / (debt + equity - cash), average capital — 10-K FY2025 (year ended 2025-09-30)
- Debt / equity0.70 borrowings, leases excluded / equity — 10-Q/10-K balance sheet 2026-06-30
- Revenue CAGR (3y)-11.6% SEC XBRL
- Beta1.47 as of 2026-09-02
- Last reported earnings2026-08-13 SEC EDGAR Form 8-K (Item 2.02)
Dividend: at least 1 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How ISSC compares in its sector
- price-to-earnings ratiomiddle range 321 covered Industrials peers, as of 2026-10-14
- return on equitytop 25% 434 covered Industrials peers, as of 2026-09-02
- 3-year revenue CAGRbottom 10% 430 covered Industrials peers
- free cash flow (absolute dollars, latest fiscal year)middle range 419 covered Industrials peers, as of FY2025
Position among covered Industrials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage
Not assessed — last reported dividend predates the accounts. The most recent fiscal year in which ISSC reported a dividend payment is FY2021, while its reported financial statements run through FY2025. Coverage is therefore not assessed for the latest year — an FY2021 ratio would not describe ISSC today.
Coverage is derived from reported SEC EDGAR XBRL figures, comparing dividends paid against net income and free cash flow for the SAME fiscal year. It is not shown here because the latest fiscal year with a reported dividend payment (FY2021) is older than the latest year of reported financial statements (FY2025), so any ratio would describe an out-of-date year. Informational only — not financial advice.
Quarterly results
| Quarter | Gross profit | Operating income | Net income | Diluted EPS | Operating cash flow | Capex |
|---|---|---|---|---|---|---|
| Q3 FY2026 2026-06-30 | $14M | $6M | $4M | $0.25 | $5M† | $475514† |
| Q2 FY2026 2026-03-31 | $11M | $5M | $3M | $0.19 | $2M† | $2M† |
| Q1 FY2026 2025-12-31 | $12M | $6M | $4M | $0.22 | $8M | $1M |
| Q4 FY2025 2025-09-30 | $14M† | $8M† | $7M† | $0.40† | $3M† | $1M† |
| Q3 FY2025 2025-06-30 | $9M | $4M | $2M | $0.14 | $7M† | $4M† |
| Q2 FY2025 2025-03-31 | $11M | $7M | $5M | $0.30 | $1M† | $2M† |
| Q1 FY2025 2024-12-31 | $7M | $1M | $736192 | $0.04 | $2M | $261364 |
| Q4 FY2024 2024-09-30 | $9M† | $4M† | $3M† | $0.18† | $445331† | $145863† |
† Not filed as a discrete quarter: derived from the company's own year-to-date figures (for example the fourth quarter as the fiscal year minus the first nine months). A derived per-share figure is approximate, because the share count moves within the year.
Balance sheet at 2026-06-30
- Cash and equivalents$11M
- Total debt$54M borrowings only; leases excluded
- Net debt$44M total debt − cash − short-term investments
From the company's own SEC 10-Q and 10-K filings (XBRL), re-read every week. Figures in US dollars as filed; informational only — not financial advice.
How INNOVATIVE SOLUTIONS AND SUPPORT I looks technically
Trend
5
| Distance from the 200-day | not current — this company's price series (ends 2026-10-14) is 4 trading sessions behind the rest of the catalog | n/a |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $19.29 | $19.29 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $19.08 | $19.08 |
| Since the 50/200 cross | not current — this company's price series (ends 2026-10-14) is 4 trading sessions behind the rest of the catalog | n/a |
| Trend strength (14-day ADX) | not current — this company's price series (ends 2026-10-14) is 4 trading sessions behind the rest of the catalog | n/a |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $30.94 | $30.94 |
|---|---|---|
| From the 52-week high | not current — this company's price series (ends 2026-10-14) is 4 trading sessions behind the rest of the catalog | n/a |
| Above the 52-week low | not current — this company's price series (ends 2026-10-14) is 4 trading sessions behind the rest of the catalog | n/a |
| Below the 52-week high | not current — this company's price series (ends 2026-10-14) is 4 trading sessions behind the rest of the catalog | n/a |
| Since a 20-day breakout | not current — this company's price series (ends 2026-10-14) is 4 trading sessions behind the rest of the catalog | n/a |
| Since a 55-day breakout | not current — this company's price series (ends 2026-10-14) is 4 trading sessions behind the rest of the catalog | n/a |
| All-time high | its highest closing price on record is $30.94 (set on 2026-03-10) | $30.94 |
| Given back of the 52-week move | not current — this company's price series (ends 2026-10-14) is 4 trading sessions behind the rest of the catalog | n/a |
| From the all-time high | not current — this company's price series (ends 2026-10-14) is 4 trading sessions behind the rest of the catalog | n/a |
| Nearest price level | not current — this company's price series (ends 2026-10-14) is 4 trading sessions behind the rest of the catalog | n/a |
| All-time low | its lowest closing price on record is $1.20 (set on 2020-03-16) | $1.20 |
| Above the all-time low | not current — this company's price series (ends 2026-10-14) is 4 trading sessions behind the rest of the catalog | n/a |
Based on daily closing prices as of 2026-10-14. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingStrong Buy (1.00 mean, 1=Strong Buy…5=Strong Sell) — 4 analysts
- Mean price target$31.50 range $27.00 – $35.00; median $32.00
Analyst estimates, as of 2026-10-16. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for ISSC
- Consensus EPS estimate$0.28 next reporting period, as of 2026-10-16
- Estimate change, 30 days$0.00 (0.0%) from $0.28, on 2026-09-12, 34-day window
- Readings revised upward10% of 10 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Market acceptance of proprietary products like ThrustSense and COCKPIT/IP","Supply chain disruptions and delays in receiving third-party components","Dependence on government funding and the potential for contract deferrals or terminations"]
What changed in the latest 10-Q
AI-assisted comparison of ISSC's 10-Q filed 2026-08-13 against the prior one filed 2026-05-15.
Management's Discussion & Analysis (MD&A)
- Reworded:
- In the newer filing filed 2026-08-13, the phrase 'deep industry experience across OEMs and platforms, is designed' includes a comma before 'is designed'. In the older filing filed 2026-05-15, the phrase 'deep industry experience across OEMs and platforms is designed' lacks the comma before 'is designed'.
- Notes:
- Both source texts are truncated at the end of the Company Overview section, so only the visible portions could be compared.
- The newer filing text ends with 'to achieve cost a' and the older filing text ends with 'to achieve cost ad', suggesting the texts are cut off mid-word and may contain additional differences beyond the truncation point.
Risk Factors
- Reworded:
- In the newer filing (filed 2026-08-13), the sentence after the reference to the Form 10-K reads 'There have been no material changes in our risk factors as previously disclosed in Part I, Item 1A of the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2025.'
- In the older filing (filed 2026-05-15), the corresponding sentence reads 'There have been no material changes in our risk factors as previously disclosed in Part I, Item 1A of the Company's Annual Report on Form10-K for the fiscal year ended September 30, 2025.'
- The newer filing has a space between 'Form' and '10-K' in the sentence '...Annual Report on Form 10-K for the fiscal year ended September 30, 2025.'
- The older filing has no space between 'Form' and '10-K' in the same sentence, reading '...Annual Report on Form10-K for the fiscal year ended September 30, 2025.'
- Notes:
- The 'Risk Factors' section itself contains no substantive risk factor changes; differences relate only to spelling/spacing in the introductory paragraph.
- Differences beyond the Risk Factors section (e.g., exhibits lists, reporting period dates, page numbers) fall outside this Risk Factors section comparison and are not reported.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for ISSC — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding ISSC as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 850,676
- Reported value $17,464,385
reported quarterly holdings change (2025-12-31 → 2026-03-31): 1 new, 2 increased, 2 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about ISSC's institutional holders → See what each manager we track holds →
Short interest (FINRA)
ISSC had 775,712 shares of reported short interest as of the 2026-08-14 FINRA settlement date (delayed, bi-monthly; not real-time).
ISSC had 4.33% of its shares outstanding sold short as of the 2026-08-14 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 2.64 days to cover at the same settlement.
- Reported short interest (shares) 775,712
- Short interest (% of shares outstanding) 4.33%
- Prior settlement (shares) 701,777
- Reported change 10.54%
- Days to cover (reported) 2.64
Reported to FINRA as of the 2026-08-14 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Honeywell International (HON)
- Garmin (GRMN)
- Collins Aerospace (RTX)
- Universal Avionics
- Astronics (ATRO)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare ISSC vs…
Frequently asked questions
What does INNOVATIVE SOLUTIONS AND SUPPORT I (ISSC) do?
Innovative Solutions and Support (doing business as Innovative Aerosystems) is a systems integrator that designs, develops, manufactures, and services advanced avionics solutions. Its portfolio includes primary flight guidance, autothrottles, cockpit display systems, air data equipment, and integrated flight management systems for commercial, business, and military aircraft markets.
What sector is INNOVATIVE SOLUTIONS AND SUPPORT I (ISSC) in?
INNOVATIVE SOLUTIONS AND SUPPORT I (ISSC) is classified in the Industrials sector. Its industry is Aerospace & Defense Avionics. It trades on NASDAQ.
Who are INNOVATIVE SOLUTIONS AND SUPPORT I's (ISSC) competitors?
Notable peers of INNOVATIVE SOLUTIONS AND SUPPORT I (ISSC) include Honeywell International, Garmin, Collins Aerospace, Universal Avionics and Astronics. This peer set is informational only — not financial advice.
Where does stocks-llm's data on ISSC come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-14.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.