XTI Aerospace — Third Quarter 2026 Earnings Summary

XTI Aerospace reported third-quarter 2026 revenue of $35.3 million, representing an 8.8% sequential increase and a 46.1% rise compared to the prior year's proforma revenue. The company achieved an adjusted EBITDA of $1.6 million, a significant improvement from a negative $4.9 million in the second quarter, driven by cost realignment initiatives and tariff recovery benefits. Management has completed its strategic pivot to focus exclusively on the Drone Nerds business, discontinuing the XTI aircraft operations while expanding its portfolio with new programs for pressure washing, airport detection, and first responders. Looking ahead, XTI Aerospace has reiterated its full-year 2026 revenue guidance of $125 million to $130 million and expects to transition to positive ongoing operating cash flows by the fourth quarter.