Volatus Aerospace earnings date
Volatus Aerospace (ABB) Q3 2026 Earnings Report
DE:ABB Q3 2026 EPS Results
- Actual EPS
- -EUR 0.01
- Consensus EPS
- EUR 0.00
- Beat/Miss
- Missed by -EUR 0.00
- One Year Ago EPS
- -EUR 0.01
DE:ABB Q3 2026 Revenue Results
- Actual Revenue
- EUR 6.65M
- Expected Revenue
- EUR 6.70M
- Beat/Miss
- Missed by -EUR 55.84K
- YoY Revenue Growth
- -0.87%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/10/2026
- Time
- After Close
- Conference Call
- Tuesday, November 10, 2026
Volatus Aerospace's next earnings date is estimated for May 5, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was strongly positive, driven by 24.9% sequential revenue growth, a 34% sequential narrowing of the Adjusted EBITDA loss, the first Canadian Armed Forces contract, more than CAD 100 million of committed orders, progress on NATO ISR deliveries, manufacturing activation at Mirabel, and the AISPECO acquisition. The company also reported strong liquidity and multiple technology and commercial initiatives. Offsetting concerns included a wider year-over-year Adjusted EBITDA loss, lower year-over-year gross margins, cash used in operations and working capital, and uncertainty around wildfire timing, defense order expansion, regulatory approvals, and supply-chain development. Highlights significantly outweighed the lowlights.
Management expects the remaining NATO ISR training second tranche, of up to CAD 4.5 million, to be exercised and everything needs to be delivered before March 31, 2027, which is Q1 of next year; for the initial Canadian Armed Forces order, it is targeting delivery of the first 100 systems in late November or early December, materially ahead of the September 2027 delivery schedule, while as many as 20 additional RFPs may be progressively released. AISPECO revenue synergies were anticipated at CAD 7 million-CAD 12 million over a period of time, two years, although management anticipates realizing the synergies in much reduced time. The long-term gross margin objective remains 35%-40%, larger production runs are expected to help improve defense programs, margin as volume builds and scale up, and management expects proprietary platform launch and scale of defense software technology and continued growth in the commercial segment to contribute higher gross margin over a period of time. The Defence Drone Initiative has CAD 2.3 billion over five years, and management cited a 5,000-unit possibility with oftentimes 100-unit opening order, with an illustrative capacity goal of moving from 1,000 drones a month to 10,000 a month; cargo projects include drones with almost 100 to 200 kg lift capacity, with more demos happening in Q1 of next year, and management hopes to see good traction in wind turbines in 2027.
- Third-Quarter Revenue GrowthQ3 revenue was CAD 10.5 million, in line with analyst consensus and up 24.9% from Q2, consistent with the normal seasonal pattern. Revenue through September was CAD 24.6 million, representing consecutive three-quarter increases.
- Improved Adjusted EBITDA PerformanceThe Adjusted EBITDA loss was CAD 2.9 million, better than analyst expectations and narrowed 34% from Q2. Operating expenses declined 7.5% sequentially.
- First Canadian Armed Forces ContractVolatus qualified across all five streams of Canada's Defence Drone Initiative marketplace in September and secured its first Canadian Armed Forces contract. The company is targeting delivery of the first 100 systems in late November or early December, materially ahead of the September 2027 delivery schedule.
- Defence Drone Initiative OpportunityThe Defence Drone Initiative has a proposed budget of CAD 2.3 billion over five years. Management said as many as 20 additional RFPs may be in the queue, and Volatus submitted two RFIs in the prior week.
- Record Committed OrdersTotal committed orders and contracts crossed the CAD 100 million mark, with a stated total contract value of CAD 101.7 million through 2031, including up to CAD 26 million in customer options. Approximately 25% relates to defense and approximately CAD 76 million relates to commercial contracts and agreements.
- NATO ISR Training Program ProgressVolatus completed the initial delivery of its NATO Allied ISR training systems on October 7. Approximately CAD 3 million of the second tranche, worth up to CAD 4.5 million, has been exercised, with the remaining amount indicated for exercise and delivery required before March 31, 2027.
- International Revenue ContributionMarkets outside Canada contributed approximately 39% of revenue through September, including CAD 7.3 million from the U.K. and Europe and CAD 2.3 million from the U.S.
- Mirabel Manufacturing Facility OperationalVolatus formally inaugurated its approximately 53,000-square-foot Mirabel manufacturing facility in September. Operations began in June, and the facility is already producing and deploying docking stations and other proprietary technologies while preparing additional aircraft and systems for manufacturing.
- Manufacturing Scale-Up CapabilityThe company is developing Mirabel as an adaptable, scalable manufacturing operation capable of supporting its own products, integrating partner technologies, and responding to commercial and defense requirements. Management is working with large contractors on an adaptable manufacturing system and plans to introduce autonomous manufacturing through a scalable work cell.
- Technology Development MilestonesVolatus completed initial flight testing of its V-Cortex AI, including navigation in a GNSS-denied environment. Transport Canada accepted the Canary under the Pre-Validated Declaration process, enabling easier beyond-visual-line-of-sight operations in approved airspace.
- Product Roadmap AdvancementSKYDRA, the company's counter-UAS planning and simulation tool, is ready. Sentinel Dock is in production and delivering systems into commercial use, while V-Cortex continues to advance. The 2027 roadmap includes swarm autonomy, NeuroX, the V100, and the Condor, subject to testing, qualification, and customer requirements.
- AISPECO Acquisition CompletedVolatus completed its acquisition of Lithuania-based AISPECO on October 28 for a CAD 10 million headline valuation, comprising CAD 3 million in cash and CAD 7.5 million in shares allocated at CAD 0.57 per share. AISPECO brings advanced airborne sensors, mission software, European engineering capabilities, and its HELIUX modular sensor pods.
- AISPECO Commercial and Revenue SynergiesAISPECO has sold approximately 50 systems across five continents, with installations approved on dozens of helicopter models. Management expects CAD 7 million-CAD 12 million of revenue synergies over two years and said current discussions indicate the synergies may be realized in a much reduced time. The acquisition supports a vertically integrated offering combining sensor technology, aircraft, operations, data collection, and mission software.
- Strategic Partnerships ExpandedPartnerships with Singular Aircraft and Kraus Hamdani Aerospace broadened the aircraft technologies available to Volatus, including opportunities in wildfire response.
- Commercial Business Remains ActiveThe established commercial business continues to operate across energy, utilities, and infrastructure, supported by extensive operating experience and established customer relationships. Volatus also won contracts for offshore wind turbine projects, subject to regulatory approvals.
- Docking Station and Cargo ActivityThree docking stations are active and operational and generating revenue under a SaaS model. Cargo projects are live in Canada and the U.S., including smaller last-mile deliveries and larger deliveries using drones with approximately 100 to 200 kg lift capacity. Additional demonstrations are planned for Q1 of next year.
- Strong Liquidity and Balance Sheet PositionVolatus ended September with CAD 50.6 million in cash and approximately CAD 58 million in working capital. Working capital increased CAD 21.3 million from year-end, the current ratio was 9.19 times versus a covenant requirement of 1.25, borrowings declined to CAD 9.4 million, and all remaining preferred shares were redeemed.
- Gross Margin Improved SequentiallyQ3 gross margin was 30.4%, up 110 basis points from Q2. Management's long-term gross margin objective remains 35%-40%, with larger production runs, proprietary platforms, defense software, and commercial growth expected to contribute to higher gross margin over time.
- Active Swarm Technology DevelopmentSwarm technology is an active development program. Volatus is testing software capabilities in synthetic environments before introducing them to small drones such as quadcopters.
- Defense Market Tailwinds and Allied PositioningBudget 2026 proposes CAD 2.3 billion over five years for the Defence Drone Initiative and CAD 7.6 billion over five years to extend and expand Operation REASSURANCE. Management said AISPECO's Lithuanian presence could support potential Canadian and allied requirements in the Baltic region.
DE:ABB Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| May 05, 2027 | 2026 (Q4) | ―- | -0.01 | ― | ― |
| Nov 10, 2026 | 2026 (Q3) | -0.00-0.01 | -0.01 | 0.00% (+0.00) | |
| Aug 13, 2026 | 2026 (Q2) | -0.01-0.01 | -0.01 | 0.00% (+0.00) | |
| May 14, 2026 | 2026 (Q1) | ―- | -0.01 | ― | |
| Mar 31, 2026 | 2025 (Q4) | -0.01-0.01 | -0.01 | 0.00% (+0.00) | |
| Nov 27, 2025 | 2025 (Q3) | 0.00-0.01 | -0.01 | 50.00% (+0.01) | |
| Aug 20, 2025 | 2025 (Q2) | 0.00-0.01 | 0 | -66.67% (-0.00) | |
| May 29, 2025 | 2025 (Q1) | ―- | -0.01 | ― | |
| Apr 30, 2025 | 2024 (Q4) | -0.01-0.01 | -0.01 | -25.00% (-0.00) | |
| Nov 28, 2024 | 2024 (Q3) | 0.00-0.01 | -0.01 | -100.00% (-0.01) |
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.
