Airship AI

Q2 FY2026 EarningsQ2 FY26 missed revenue consensus at $4.12M vs. $5.00M expected, primarily due to federal award timing variability. However, Gross Margin significantly outperformed at 75.1% vs. 58.1% expected, driven by a favorable shift toward higher-margin commercial orders. Normalized Net Loss of $0.72M missed the $0.80M profit consensus as increased OpEx from stock-based compensation offset margin gains. Strong forward visibility is supported by a $6.9M backlog and a validated pipeline of $206.1M.