AIRO Group Holdings, Inc. Common Stock

AIRO Group Holdings reported second-quarter revenue of $43.2 million, up 76% year over year, driven by outperformance in its unmanned aircraft systems segment. Gross margin improved to 64% from 61% a year earlier, and the company swung to operating income of $1.7 million from a loss of $19.7 million. Drone backlog rose 9% sequentially to $163 million, and management reiterated full-year revenue growth guidance of 15% to 25%. The company also announced Blue UAS certification for its RQ-35 drone and unveiled the RQ-70 long-range ISR platform, with production expected to begin in January 2027.