Parrot (PARRO) Q3 2026 TU earnings summary

Executive summary

• Consolidated Q3 revenue was €23.7m, up 40% YoY (38% at constant exchange rates); 9M revenue reached €81.0m, up 60% and above FY25 revenue of €79.8m.

• Professional micro-UAVs drove growth, with revenue up 68% in Q3 and 110% in 9M; ordinary operating income broke even over the 12 months to end-September, despite a Q3 loss.

Financial highlights

• Q3 revenue was €23.7m versus €17.0m in Q3 2025; 9M revenue was €81.0m versus €50.6m in 9M 2025.

• 9M professional micro-UAV revenue was €58.7m versus €27.9m; critical infrastructure solutions revenue was €22.1m versus €22.6m at current exchange rates.

Outlook and guidance

• Q4 micro-UAV revenue is expected to exceed €20m; H2 micro-UAV revenue is forecast to grow 20%–30% despite a high comparison base.

• FY26 micro-UAV revenue is expected near €80m, with growth above 65% vs. 2025; micro-UAV operations are expected to break even for the full year.

• FY26 revenue from professional UAVs and critical infrastructure solutions is expected to exceed €100m, reaching approximately €110m, assuming stable critical infrastructure solutions revenue.