Filing Flows › Air Industries (AIRI) › Q2 2026
Air Industries (AIRI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 12, 2026
Air Industries (AIRI) reported revenue of $12.0M for the second quarter 2026 (Q2 2026), -5% from a year earlier and +3% from the quarter before. Operating margin was -3.1%, net loss $846K (7.1% of revenue).
Air Industries, Q2 2026: revenue $12.0M (-5% year over year), operating margin -3.1%, net loss $846K, operating cash flow $1.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.0M | +3% | -5% |
| Operating profit | −$366K | — | -4675% |
| Net earnings | −$846K | — | — |
| Operating cash flow | $1.5M | — | +341% |
| Free cash flow | $1.5M | — | — |
What changed
Revenue was $12.0M in Q2 2026, down 5% year over year and up 3% from the previous quarter. Military was the largest line at 68% of revenue. Commercial lost $2.0M year over year (down 34%), 301% of the total change.
Gross margin was 20.7%, up 4.7 points from Q2 2025. Operating costs exceeded revenue by $366K, an operating margin of -3.1%. Operating expenses grew 41% against a revenue fall of 5%. The quarter ended with a net loss of $846K, narrower than the previous quarter's $1.0M loss. Net interest and other expense of $462K was the main reason.
Operating cash flow was $1.5M (up 341% year over year). Non-cash charges added back $715K of depreciation and $59K of share-based compensation. Working capital and other items added $1.6M. Capital expenditures of $60K left free cash flow of $1.5M.
Questions
What was Air Industries' revenue in the second quarter 2026?
Air Industries (AIRI) reported revenue of $12.0M for the second quarter 2026 (Q2 2026), -5% from a year earlier and +3% from the quarter before.
Was Air Industries profitable in the second quarter 2026?
Operating loss was $366K (-3.1% of revenue) and net loss $846K.
Source: Air Industries 10-Q on SEC EDGAR.