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EarningsQ2 2026 Earnings Report
AIRO Q2 2026 EPS Results
Actual EPS-$0.06
Consensus EPS-$0.30
Beat/MissBeat by +$0.24
One Year Ago EPS$0.30
AIRO Q2 2026 Revenue Results
Actual Revenue$43.18M
Expected Revenue$31.14M
Beat/MissBeat by +$12.04M
YoY Revenue Growth+75.88%
Earnings Announcement Details
QuarterQ2 2026
Date08/13/2026
TimeBefore Open
Conference CallThursday, August 13, 2026
AIRO Upcoming Earnings
Airo Group Holdings, Inc.'s next earnings date is estimated for November 13, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
AIRO Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed materially positive operational momentum—strong revenue growth (~76% YoY), improved gross margins (64%), a swing to operating profit, brand- and product-level milestones (Blue UAS certification, RQ-70 unveiling), growing backlog (~$163M, +9% QoQ), and a substantial post-quarter cash inflow (~$56M). Offsetting these positives are continued variability in quarterly cadence, an expected negative full-year adjusted EBITDA (mid-to-high teens of millions), a GAAP EBITDA decline YoY, segment underperformance in Training and flat Avionics, FX headwinds, and external permitting delays in Ukrainian JVs. On balance, the company showed clear operational progress and stronger liquidity, while still managing near-term profitability headwinds and execution risks.Company Guidance
Strong Revenue Growth
Q2 2026 revenue of $43.2M versus $24.6M in Q2 2025, representing nearly 76% year-over-year growth; quarter outperformed expectations and was driven primarily by Drone segment deliveries.
Improved Margins and Operating Profit
Gross profit of $27.7M and gross margin improved to 64% (up from 61% YoY, +3 percentage points). Company swung to operating income of $1.7M versus an operating loss of $19.7M in the prior-year quarter, reflecting ~ $21.4M improvement.
Backlog Growth and Conversion Visibility
Total Drone backlog grew roughly 9% from the prior quarter to approximately $163M; management expects the majority of this backlog to convert to revenue within the next 12 months (backlog currently international-only).
Balance Sheet Strengthened
Cash on balance sheet improved from $25.9M as of June 30 to approximately $56M as of July 31 driven by subsequent collection of international receivables (approximate increase of ~116%), providing greater liquidity and flexibility.
Key Certification and Product Announcements
RQ-35 achieved Blue UAS certification, opening access to U.S. defense procurement channels; RQ-70 long-range ISR platform unveiled (expected production start January 2027). These milestones bolster U.S. and NATO/government market opportunities.
Product Performance and Technology Differentiation
RQ-35 is battle-tested (deployed in Ukraine), offers up to 50 km range and 150 minutes flight time with edge AI capabilities for onboard identification/classification and resilience in GPS-denied environments; RQ-70 offers up to 8 hours endurance and 100 km range, positioning AIRO in long-endurance ISR market.
Lower-Than-Expected Development Costs for JC250/JX250
Development costs for JC250 and JX250 cargo/ISR variants are tracking below internal expectations by a low double-digit percentage due to shared platform synergies and supply-chain savings; first flight still on track for later this year.
Adjusted EBITDA Improvement (Quarter)
Q2 2026 adjusted EBITDA of $6.8M, up from $4.7M in Q2 2025 (approximately +45%), indicating better underlying adjusted operating performance despite remaining investments.
Reaffirmed Full-Year Revenue Guidance
Management reiterated full-year 2026 revenue growth guidance of 15% to 25% year-over-year, reflecting confidence in demand and backlog conversion.
AIRO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed