XTI Aerospace management cites enterprise drone demand, expanded offerings as drivers of Q3 2026 revenue growth

• XTI Aerospace management attributed third-quarter 2026 revenue of $35.3 million, up 46% pro forma, to enterprise drone demand and expanded offerings.
• Reported gross margin reached 21.7%, including a $2 million nonrecurring benefit primarily from tariff refunds.
• Excluding that benefit, gross margin was 16%, versus 17.4% in the second quarter, primarily reflecting channel mix.
• Corporate and development monthly operating cash outflows fell 42% sequentially to $1.1 million following headcount reductions, office consolidation and noncore spending cuts.
• Net income reached $26.6 million, primarily reflecting a $32 million gain from changes in warrant fair value.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XTI Aerospace Inc. published the original content used to generate this news brief on November 14, 2026, and is solely responsible for the information contained therein.