AIRO Group beats Q2 revenue estimates, keeps FY view

AIRO group

13/08/2026 11:39

Overview
Aerospace and defense technology provider's Q2 revenue rose 76% yr/yr, beating analyst expectations
Q2 adjusted EBITDA beat consensus, driven by drone segment performance
Gross margin improved to 64%, reflecting favorable product mix shift toward drones

Outlook
AIRO reiterates full-year 2026 revenue growth guidance of 15% to 25% year over year
Company maintains full-year 2026 Adjusted EBITDA guidance in negative mid- to high-teens dollar range
AIRO expects majority of $163 mln drone backlog to convert to revenue over next 12 months

Result Drivers
DRONES SEGMENT - Co said Q2 revenue growth was driven by stronger-than-expected performance in its Drones segment
PRODUCT MIX SHIFT - Gross margin improvement was primarily driven by a favorable product mix shift back toward higher-margin drone products
ABSENCE OF IPO COSTS - Operating income growth reflects higher revenue, improved gross margins, and the absence of costs associated with the Companys initial public offering incurred during the prior-year period

Company press release: ID:nBw7kSLxla

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$43.20 mln
$31.15 mln (3 Analysts)
Q2 Net Loss
 
$2 mln
 
Q2 Adjusted EBITDA
Beat
$6.80 mln
-$1.85 mln (3 Analysts)
Q2 Gross Margin
 
64.00%
 
Q2 Gross Profit
 
$27.70 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for AIRO Group Holdings Inc is $19.00, about 123.8% above its August 12 closing price of $8.49

Reuters Recommended Reads
Aug 10 - Canada's Draganfly Q2 revenue rises on higher product sales; loss widens
Aug 12 - Enovix Q2 revenue beats on defense and drone business strength
Aug 10 - Defense tech firm Lyntris targets $2.5 billion valuation in US IPO

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)