XTI Aerospace reported second-quarter revenue of $32.4 million and gross profit of $5.6 million, excluding discontinued operations. The company raised its full-year 2026 revenue guidance to a range of $125 million to $130 million, with expected gross margins between 17% and 19%. Management highlighted cost reductions that lowered monthly corporate cash burn by approximately 42% in the third quarter compared to the second. The firm also announced leadership changes, appointing Dr. Allan Evans as Chairman and Jeremy Schneiderman as Interim CEO, alongside new product and partnership initiatives for its Drone Nerds subsidiary. XTI Aerospace operates in the aerospace industry, building a commercial and government drone adoption platform through its Drone Nerds subsidiary.
