AIRO Group (NASDAQ:AIRO) Announces Earnings Results

AIRO Group (NASDAQ:AIRO) announced its quarterly earnings data on Thursday. The company reported ($0.49) EPS for the quarter, FiscalAI reports. The business had revenue of $8.90 million during the quarter.

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

• AIRO reiterated 2026 revenue growth guidance of 15% to 25% and said first-quarter results were in line with internal expectations, with management calling Q1 the likely low point for the year.
• The company is pivoting further into drones, highlighting new platforms such as the RQ-70 Dainn and the JX-250/JC-250 to broaden its addressable market and support a more focused, scalable product strategy.
• Management reaffirmed it expects to achieve Blue UAS certification in Q2 2026, which they said would open the U.S. market and materially expand demand for the RQ-35 platform.
• Drone backlog was reported at more than $150 million as of April 30, with management saying most of it should convert within the next 12 months and that this figure excludes U.S. backlog.
• First-quarter financials were weak, with revenue of $8.9 million, gross margin down to 26.6%, and adjusted EBITDA of negative $12.8 million as the company continued to invest heavily in infrastructure and growth initiatives.

AIRO Group Trading Down 15.6%

AIRO stock traded down $1.22 during mid-day trading on Thursday, hitting $6.61. The stock had a trading volume of 1,582,610 shares, compared to its average volume of 596,187. AIRO Group has a 1-year low of $6.11 and a 1-year high of $39.07. The company has a fifty day moving average of $8.79 and a 200 day moving average of $10.01. The stock has a market capitalization of $207.81 million and a price-to-earnings ratio of 330.50.

Insider Activity at AIRO Group

In related news, CFO Mariya Pylypiv sold 20,078 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $10.26, for a total value of $206,000.28. Following the completion of the sale, the chief financial officer owned 49,887 shares of the company’s stock, valued at approximately $511,840.62. The trade was a 28.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO John Uczekaj sold 3,415 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $8.84, for a total value of $30,188.60. Following the completion of the sale, the chief operating officer directly owned 20,111 shares of the company’s stock, valued at approximately $177,781.24. The trade was a 14.52% decrease in their position. 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. In the last three months, insiders sold 23,889 shares of company stock valued at $240,319.

Institutional Investors Weigh In On AIRO Group

Institutional investors and hedge funds have recently modified their holdings of the business. Leonteq Securities AG acquired a new stake in AIRO Group in the 4th quarter worth approximately $25,000. Strs Ohio acquired a new stake in AIRO Group in the 3rd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in AIRO Group in the 4th quarter worth approximately $30,000. Raymond James Financial Inc. acquired a new stake in AIRO Group in the 2nd quarter worth approximately $43,000. Finally, New York State Common Retirement Fund acquired a new stake in AIRO Group in the 4th quarter worth approximately $43,000.

Analyst Ratings Changes

A number of brokerages have commented on AIRO. Wall Street Zen lowered AIRO Group from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Zacks Research upgraded AIRO Group to a “hold” rating in a research report on Wednesday, April 15th. Finally, BTIG Research reissued a “neutral” rating on shares of AIRO Group in a research note on Wednesday, April 8th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.67.

AIRO Group Company Profile

We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.