AIRO Group Holdings, Inc.

Thank you for standing by. My name is Jonathan and I will be your conference moderator today. At this time, I would like to welcome everyone to the AIRO Q2 2026 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question, please press star 1 to raise your hand. To withdraw your question, press star 1 again. Thank you. I would now like to turn the call over to Jack Sneft, Investor Relations at AIRO. Please go ahead.

Thank you, Operator, and good morning, everyone. Welcome to the AIRO Group Holdings, Inc. second quarter 2026 earnings call. We appreciate you joining us today and look forward to sharing an update on our progress and performance. With me on the call are Dr. Chirinjeev Kathuria, our Executive Chairman, Captain Joseph Burns, our Chief Executive Officer, and Dr. Mariya Pylypiv, our Chief Financial Officer. Today's call will include forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements relating to AIRO'S 2026 outlook. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results, performance, or achievements to be materially different from those expressed or implied by the forward-looking statements. Forward-looking statements represent management's beliefs and assumptions only as of the date made. Information on factors that could affect the company's financial results is included in the company's most recent annual report on Form 10-K and other filings with the SEC from time to time. In addition to our prepared remarks, our earnings press release, SEC filings, and a replay of today's call can be found on our investor relations website at investor.theairogroup.com. We have also posted our earnings presentation on the investor relations section of our website. In addition, during today's call, we will discuss non-GAAP financial measures. These non-GAAP financial measures are in addition to and not a substitute for or superior to measures of financial performance prepared in accordance with GAAP. Reconciliations between GAAP and non-GAAP financial measures and the discussion of the limitations of using non-GAAP measures versus their closest GAAP equivalent is available in our earnings release. Additionally, we plan to discuss drone segment backlog, a definition of which can be found in our earnings release. We will also discuss our cash balance as of July 31st, 2026, which is a preliminary estimate based on information available to us as of the date of this presentation. Additional information on this metric can be found in the earnings presentation on our investor relations website. With that, I will turn it over to our Executive Chairman, Dr. Chirinjeev Kathuria.

Thanks, Jack, and thank you all for joining us today. AIRO delivered a strong second quarter that was marked by revenue outperformance against expectations driven by solid execution within our drone segment. Gross margins improved to 64%, and we swung to a small operating profit for the quarter. A big improvement from the loss we saw in the same period last year. Looking ahead, and as Maria will discuss in her section, we are reiterating full year revenue growth guidance of 15 to 25%. And she will detail some additional thoughts to think through the rest of the year. On top of this, total drone backlog grew roughly 9% from last quarter to approximately 163 million. On the strategic front, it was also a busy quarter. The RQ-35 drone achieved blue UAS certification. which opens up meaningful new opportunities in US defense procurement. We also unveiled our new RQ-70 long-range ISR platform. Development continues on the JC-250 and the JX-250 cargo and ISR drone variants. and costs there are coming in below expectations with the first flight still on track for later this year. We remain squarely focused on the unmanned drone market. Second quarter was a solid quarter of execution and we expect that momentum to continue as we scale manufacturing, diversify our revenue base and stay disciplined on cost, all while continuing to invest in AIRO's next phase of growth. With that, let me turn it over to Joe to discuss our strategy and the operational highlights.