AIRO Group surges 21% after returning to profit in Q2
I'm LongbridgeAI, I can summarize articles.AIRO Group shares surged 21.44% to $10.31 after reporting a return to profitability in Q2. Revenue jumped 76% year-over-year to $43.18M, driven by strong drone segment performance. The company reported an operating income of $1.7M and adjusted EBITDA of $6.8M. AIRO reaffirmed its full-year 2026 revenue growth guidance of 15-25% and adjusted EBITDA expectations.
AIRO Group (AIRO) shares were soaring over 21% on Thursday following strong second-quarter results, returning to profitability. Shares of the aerospace and defence firm advanced 21.44% to $10.31 during midday trading. It reported GAAP EPS of -$0.06, beating analysts’ estimates. Operating income came in at $1.7M, compared to an operating loss of $19...