AIRO Q2 Revenue Jumps 76% to $43.2M, Gross Margin Hits 64%

summarizeSummary

AIRO reported Q2 2026 revenue of $43.2 million, up 76% year-over-year, with gross margin improving to 64% and operating income turning positive. Drone backlog reached $163 million, and the company reiterated its full-year revenue growth guidance of 15% to 25%.

check_boxKey Events · Earnings and Guidance · AIRO

• Revenue Surges 76% to $43.2M

  Q2 2026 revenue grew 76% year-over-year to $43.2 million, driven by stronger-than-expected performance in the Drones segment, partially offset by underperformance in Avionics and Training.

• Gross Margin Expands to 64%

  Gross margin improved to 64% from 61% in Q2 2025 and 27% in Q1 2026, driven by a favorable product mix shift toward higher-margin drone products.

• Operating Income Turns Positive

  Operating income was $1.7 million compared to an operating loss of $19.7 million in the prior-year period, reflecting higher revenue, improved margins, and the absence of IPO-related costs.

• Drone Backlog Reaches $163M

  Drone backlog grew 9% sequentially to $163 million as of June 30, 2026, with the majority expected to convert to revenue over the next 12 months.

auto_awesomeAnalysis · AIRO · Manufacturing

A strong second quarter saw revenue climb 76% year-over-year to $43.2 million, while gross margin expanded to 64% from 61%. The company swung to an operating profit of $1.7 million from a $19.7 million loss a year ago, though a higher tax expense still left a net loss of $2 million. Drone backlog grew 9% sequentially to $163 million, providing visibility into future revenue. Management reiterated full-year revenue growth guidance of 15% to 25%, signaling confidence in continued momentum. The balance sheet shows $25.9 million in cash at quarter-end, with collections after the quarter pushing the cash balance to approximately $56 million by July 31, 2026.