Parrot (PARRO) Q1 2026 TU earnings summary

Executive summary

• Achieved record consolidated revenues of €27.9m in Q1 2026, up 52% at current rates and 61% at constant rates year-over-year.

• Professional micro-UAV sales doubled to €21.3m, driven by ANAFI UKR ramp-up and increased institutional deliveries.

• Slightly profitable in Q1 2026, with no cash consumption despite industrial scale-up and longer component lead times.

Financial highlights

• Q1 2026 consolidated revenues: €27.9m (Q1 2025: €18.4m).

• Professional micro-UAVs: €21.3m (76% of total), up 102% year-over-year.

• Critical infrastructure solutions: €6.6m (24% of total), down 16% year-over-year.

Outlook and guidance

• Expects further business growth in Q2 2026 versus Q2 2025, supporting significant first-half 2026 growth.

• Focus on securing essential components amid longer supply lead times.

• Transition to subscription model in Critical Infrastructure Solutions to weigh on 2026 revenues but improve recurring revenue and profitability in future years.