AIRO Group (NASDAQ:AIRO) Announces Quarterly Earnings Results

AIRO Group (NASDAQ:AIRO) posted its quarterly earnings data on Thursday. The company reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.23, FiscalAI reports. AIRO Group had a negative return on equity of 3.48% and a negative net margin of 23.86%. The company had revenue of $17.51 million during the quarter.

Here are the key takeaways from AIRO Group’s conference call:

• Third-quarter revenue rose nearly 180% year over year to $17.5 million, while gross margin improved to 57% from 44%. Adjusted EBITDA loss narrowed to $7.5 million from $8 million.
• Drone backlog exceeded $200 million, including U.S. opportunities, with most expected to convert to revenue within 12 months; the company said its existing manufacturing capacity can support the orders. U.S. programs account for about one-quarter of backlog.
• AIRO reaffirmed 2026 revenue growth guidance of 15%–25% but now expects results at the lower end, citing orders pushed into 2027 and foreign-exchange headwinds. It continues to expect a full-year adjusted EBITDA loss in the mid-to-high teens of millions.
• The company reported its first U.S. orders for the RQ-35 and RQ-70 and a $1.5 billion opportunity pipeline across its segments. Management said RQ-70 production remains on track for January 2027, though pipeline opportunities are not guaranteed orders.
• Net loss widened to $12 million from $8 million a year earlier, and management said investment in the JC/JX250 programs is a significant contributor to cash burn. Avionics revenue was also lower year over year amid softness in general aviation.

AIRO Group Stock Down 9.7%

Shares of AIRO opened at $5.04 on Friday. AIRO Group has a 52-week low of $4.53 and a 52-week high of $13.80. The stock has a fifty day simple moving average of $6.14 and a two-hundred day simple moving average of $7.80. The company has a market capitalization of $159.06 million, a PE ratio of -6.03 and a beta of 2.20.

AIRO Group News Roundup

These are some of the AIRO news items that stood out recently:

• Positive Sentiment: Management reaffirmed its 2026 revenue-growth target of 15%–25%, and the company’s drone backlog exceeds $200 million, supporting potential future demand. AIRO reaffirms 2026 revenue growth outlook
• Negative Sentiment: Full-year 2026 revenue guidance is $104.5 million–$113.6 million, a range that includes the $107.9 million analyst consensus, but management indicated growth could land near the low end of its target. AIRO Q3 and nine-month results
• Negative Sentiment: The company entered an at-the-market equity offering agreement and filed a $100 million mixed shelf registration. These provide financing flexibility but could lead to future share dilution if equity is issued. AIRO Group Enters At-the-Market Equity Offering Agreement AIRO Files $100 Million Mixed Shelf

Analyst Ratings Changes

AIRO has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AIRO Group in a research note on Wednesday, August 26th. Mizuho reduced their price objective on AIRO Group from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Wall Street Zen raised AIRO Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Roth Capital began coverage on AIRO Group in a report on Tuesday, November 3rd. They issued a “buy” rating and a $16.00 price objective on the stock. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.50.

Insider Activity

In other AIRO Group news, COO John Uczekaj sold 7,230 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $7.10, for a total transaction of $51,333.00. Following the completion of the sale, the chief operating officer owned 214,342 shares of the company’s stock, valued at $1,521,828.20. This trade represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mariya Pylypiv sold 8,697 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $7.08, for a total transaction of $61,574.76. Following the completion of the sale, the chief financial officer directly owned 267,333 shares in the company, valued at $1,892,717.64. This trade represents a 3.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 22.90% of the company’s stock.

Institutional Trading of AIRO Group

Several institutional investors have recently added to or reduced their stakes in AIRO. BlackRock Inc. acquired a new position in AIRO Group during the second quarter worth $9,609,000. Bank of America Corp DE purchased a new position in shares of AIRO Group during the second quarter worth $1,478,000. Russell Investments Group Ltd. grew its stake in shares of AIRO Group by 954.0% in the third quarter. Russell Investments Group Ltd. now owns 99,439 shares of the company’s stock valued at $657,000 after buying an additional 90,005 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of AIRO Group in the second quarter valued at $435,000. Finally, Royal Bank of Canada grew its stake in shares of AIRO Group by 373.3% in the first quarter. Royal Bank of Canada now owns 63,803 shares of the company’s stock valued at $485,000 after buying an additional 50,322 shares in the last quarter.

AIRO Group Company Profile

AIRO Group is an aerospace and defense company that develops and supplies technologies for commercial, government and defense customers. Its businesses span unmanned aircraft systems, avionics, pilot training and electric air mobility. The company’s offerings include drones and related systems, cockpit avionics through its Aspen Avionics business, and flight-training services. Its electric-air-mobility activities include the development of electric vertical takeoff and landing aircraft through Jaunt Air Mobility.