AIRO Group beats Q2 revenue estimates, keeps FY view
AIRO•What drove the quarter
The company said revenue growth was driven by stronger-than-expected performance in its drones segment.
Gross margin improvement was primarily driven by a favorable product mix shift back toward higher-margin drone products.
Operating income growth reflected higher revenue, improved gross margins, and the absence of costs associated with the company’s initial public offering incurred during the prior-year period.
Q2 results beat estimates
AIRO Group said second-quarter revenue rose 76% year over year and beat analyst expectations. The aerospace and defense technology provider also said adjusted EBITDA beat consensus, driven by performance in its drones segment.
Gross margin improved to 64%, reflecting a favorable product mix shift toward drones.
Full-year outlook unchanged
AIRO reiterated its full-year 2026 revenue growth guidance of 15% to 25% year over year. The company also maintained its full-year 2026 adjusted EBITDA guidance in the negative mid- to high-teens dollar range.
AIRO said it expects the majority of its $163 million drone backlog to convert to revenue over the next 12 months.
