AIRO Group Holdings Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw 76% revenue growth year-over-year, driven by drone segment strength and improved gross margins. Backlog rose to $163M, with Blue UAS certification unlocking U.S. defense opportunities. Full-year revenue growth guidance of 15%-25% was reiterated.
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Q1 2026 revenue and margins declined year-over-year due to product mix, but results met expectations and set up for a strong second half. The company is focused on drone market expansion, new product launches, and Blue UAS certification, with a $150M backlog and 15%-25% revenue growth guidance for 2026.
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Drones, especially for defense, are the main growth driver, supported by strong demand, proprietary technology, and vertical integration. Expansion into new regions, focus on R&D, and government certifications position the business for long-term growth and recurring revenue.
Fiscal Year 2025
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2025 saw strong revenue growth, a shift to medium-lift drones, and major investments in manufacturing and joint ventures. The $150M drone backlog supports a 15%-25% revenue growth outlook for 2026, with further upside possible from U.S. sales and new partnerships.
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Q3 revenue declined due to shipment timing and upgrades, but gross margin remained strong and net loss improved year-over-year. Over $190 million in bookings are in progress, with full-year revenue expected to exceed 2024. Major joint ventures and new production facilities position the company for growth.
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Q2 2025 revenue surged 151% year-over-year to $24.6 million, with strong growth in drones and training segments and a robust $200 million bookings pipeline. The company is scaling U.S. production, advancing Blue UAS certification, and expects continued momentum amid rising global defense spending.