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  4. [8-K] AgEagle Aerial Systems Inc. Reports Material Event

AgEagle Aerial Systems (NYSE American: UAVS) nearly doubles Q2 revenue on defense demand

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

AgEagle Aerial Systems Inc. (EagleNXT) reported second quarter 2026 results and strategic progress for the quarter ended June 30, 2026. Management stated that revenue nearly doubled sequentially, with drone revenue up 67% and sensor revenue up 112% compared to the first quarter, helped by normalized U.S. federal procurement and seasonal demand.

The company’s Allen, Texas facility is now manufacturing eBee VISION drones, MicaSense cameras, and counter-drone systems via its majority-owned joint venture ThirdEye USA, following a $10 million investment in ThirdEye Systems and a 51% controlling interest in the U.S. venture. ThirdEye USA was selected for the EXTiC 26-2 U.S. Central Command experimentation event, where it demonstrated the MeduzaX counter-UAS system, classified at Technology Readiness Level 9.

EagleNXT is preparing to deliver nine eBee VISION systems to the U.S. Army in the third quarter and is advancing Blue-listed eBee TAC and eBee VISION platforms toward listing on the Army’s UAS Marketplace. The company highlighted strategic investments in counter-drone, loitering munitions via Aerodrome, and domestic quadcopter capability via Agilis Air, and expressed expectations for continued revenue progression in the second half of 2026.

Positive

  • Sequential revenue surge and segment growth: management reported revenue nearly doubled sequentially in Q2 2026, with drone revenue up 67% and sensor revenue up 112%, signaling strong short-term demand recovery and traction from recent strategic repositioning.

Negative

  • None.
Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Sequential revenue trend Revenue nearly doubled sequentially Second quarter 2026 compared to first quarter 2026
Drone revenue growth 67% sequential increase Drone revenue in Q2 2026 versus Q1 2026
Sensor revenue growth 112% sequential increase Sensor revenue in Q2 2026 versus Q1 2026
ThirdEye Systems investment $10 million Strategic investment to form ThirdEye USA joint venture
ThirdEye USA ownership 51% controlling interest AgEagle’s stake in ThirdEye USA joint venture
U.S. Army eBee VISION deliveries Nine systems Shipments expected in the third quarter of 2026
ThirdEye USA system maturity Technology Readiness Level 9 MeduzaX counter-UAS system readiness classification
EXTiC 26-2 event dates July 27 to 29, 2026 U.S. Central Command experimentation initiative participation
Technology Readiness Level 9 technical
"Technology Readiness Level 9 and are available for sale in the United States"
Technology Readiness Level 9 (TRL 9) indicates a product or system has completed development and been proven fully functional in its intended, real-world operating environment. For investors, TRL 9 signals minimal technical risk from further development — like a car that has passed all road tests and is ready for showroom sales — which makes commercialization and revenue generation more predictable but does not remove market, regulatory, or execution risks.
loitering munitions technical
"an Israeli developer of autonomous loitering munitions, includes an option"
A loitering munition is a weapon that combines a small, guided aircraft and its explosive warhead into a single system that can fly over an area, wait while searching for a target, then dive in to destroy it — think of it as a drone with a built‑in bomb that can loiter like a hawk before striking. Investors care because demand, production, export rules, and ethical or regulatory restrictions can sharply affect defense company revenues, supply chains, and share prices.
Operations Over People (OOP) regulatory
"approvals for Operations Over People (OOP) and Beyond Visual Line of Sight"
A management stance that prioritizes systems, processes, metrics and efficiency over individual employee needs, well-being or autonomy; decisions are driven by operational consistency and measurable output rather than personal circumstances. Like favoring a machine’s schedule over a single worker’s request, this approach can affect productivity, staff turnover, legal and reputational risk, and the reliability of execution—factors investors watch to assess a company’s long-term performance.
Beyond Visual Line of Sight (BVLOS) regulatory
"Operations Over People (OOP) and Beyond Visual Line of Sight (BVLOS), as well as EASA"
Beyond visual line of sight (BVLOS) describes drone or unmanned aircraft operations where the pilot cannot see the aircraft directly and must rely on sensors, cameras or remote systems to control it. For investors, BVLOS capability matters because it unlocks larger, higher‑value commercial uses—like long‑range deliveries, inspections and mapping—so regulatory approval, safety systems and reliable communications can drive revenue potential and affect operational costs and risk.
Blue UAS list regulatory
"inclusion on the U.S. Department of Defense’s Blue UAS list."
counter-UAS system technical
"MeduzaX, an AI-powered counter-UAS system manufactured at the Allen facility"
Overall revenue nearly doubled sequentially nearly doubled versus first quarter 2026
Drone revenue 67% sequential increase 67% increase versus first quarter 2026
Sensor revenue 112% sequential increase 112% increase versus first quarter 2026
Guidance

Management expects continued revenue progression through the second half of 2026, supported by federal procurement normalization, growing eBee VISION demand, initial counter-drone contribution, seasonal sensor revenue, and a pending Army UAS Marketplace listing.

FAQ

How is AgEagle (UAVS) using its Allen, Texas facility?
The Allen, Texas facility is operational and manufacturing eBee VISION drones, consolidated MicaSense cameras, counter-drone systems for ThirdEye USA, and capacity for additional products. Domestic production enhances eligibility for U.S. federal and defense procurement pathways.

What is ThirdEye USA and why is it important for AgEagle (UAVS)?
ThirdEye USA is a majority-owned counter-drone joint venture formed after a $10 million investment in ThirdEye Systems, giving AgEagle a 51% interest. It manufactures MeduzaX counter-UAS systems in Texas and was selected for the EXTiC 26-2 U.S. Central Command experimentation event.

How did AgEagle’s (UAVS) sensor business perform in Q2 2026?
Sensor revenue increased 112% sequentially in Q2 2026. Demand for MicaSense cameras accelerated during the growing season, supported by the RedEdge-P Green sensor release and development of two additional camera models in the pipeline.

What outlook did AgEagle (UAVS) provide for the second half of 2026?
AgEagle expects continued revenue progression in the second half of 2026, driven by normalized federal procurement, expanding eBee VISION demand, initial counter-drone contributions from ThirdEye USA, seasonal sensor revenue, and a pending Army UAS Marketplace listing.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): August 14, 2026

 

AGEAGLE AERIAL SYSTEMS INC.

(Exact Name of Registrant as Specified in Charter)

 

Nevada   001-36492   88-0422242

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

8201 E. 34th Street N, Suite 1307, Wichita, Kansas   67226
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (620) 325-6363

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock   UAVS   NYSE American

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 2.02 Results of Operations and Financial Condition

 

On August 14, 2026, AgEagle Aerial Systems Inc. issued a press release announcing its financial results for the quarter ended June 30, 2026, and provided a company update. A copy of the press release is furnished herewith as Exhibit 99.1.

 

The information furnished under Item 2.02 in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.

 

Item 9.01 Financial Statements and Exhibits.

 

The following exhibits are being furnished herewith:

 

(d) Exhibits.

 

Exhibit

Number

   Description
99.1   Press Release, dated August 14, 2026 (furnished herewith)
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: August 14, 2026 AGEAGLE AERIAL SYSTEMS INC.
     
  By: /s/ Alison Burgett
  Name: Alison Burgett
  Title: Chief Financial Officer

 

 

 

 

Exhibit 99.1

 

EagleNXT Reports Second Quarter 2026 Financial Results Highlighted by Strategic Repositioning and Multi-Division Sales Growth

 

●Second quarter revenue nearly doubled compared to the first quarter of 2026

 

●Drone revenue increased 67% sequentially from the first quarter of 2026

 

●Sensor revenue increased 112% sequentially from the first quarter of 2026

 

●Allen, Texas production facility scaling across drone, sensor, and counter-drone manufacturing

 

●ThirdEye USA counter-drone joint venture selected for U.S. Central Command EXTiC 26-2 experimentation event

 

●Systems are at Technology Readiness Level 9 and available for sale in the United States and Canada

 

●Company positioned to close 2026 from a stronger operating base following a first half of strategic investments that have reshaped the business

 

ALLEN, Texas, August 14, 2026 – AgEagle Aerial Systems Inc. (dba, EagleNXT) (the “Company” or “EagleNXT” or “AgEagle”) (NYSE: UAVS), a leading provider of full stack drone, sensors, counter-UAS, and software solutions for customers worldwide in the commercial and government verticals, today reported financial results for the second quarter ended June 30, 2026. Complete financial statements are available in the Company’s Quarterly Report on Form 10-Q filed today with the Securities and Exchange Commission (the “SEC”).

 

“We entered 2026 with a defined plan to make strategic moves that would reposition this business for scale, and we have executed against that plan quarter by quarter,” commented EagleNXT CEO Bill Irby. “Revenue nearly doubled sequentially this quarter, and that is the first clear evidence that those decisions are converting. We now manufacture domestically in Allen, Texas, we have entered the counter-drone market through our majority-owned joint venture ThirdEye USA and demonstrated that capability at a U.S. Central Command experimentation event, and we are advancing platform certifications that open procurement pathways previously closed to us. Taken together, the strategic investments we made in the first half of 2026 have materially reshaped this company. Each of these actions was taken to build the operating foundation required for durable growth rather than to produce a single quarter’s result. That foundation is now in place, and our focus for the balance of this year is converting it into sustained commercial momentum.”

 

Sequential drone revenue growth

 

Drone revenue increased 67% in the second quarter of 2026 compared to the first quarter, reflecting improving order flow as federal procurement timing normalized and as the Company’s domestic manufacturing capability began supporting deliveries. First quarter order volume had been affected by delays associated with the U.S. government shutdown and the resulting lag in federal contract awards, a dynamic experienced broadly across the defense industry.

 

 

 

 

U.S. Army awards and defense demand

 

EagleNXT entered the second quarter with three U.S. Army contract awards in hand, which contributed revenue during the period:

 

●On April 16, 2026, the Company announced the sale of nine eBee VISION ISR kits, among the first units manufactured at the Allen, Texas facility, to the U.S. Army National Training Center at Fort Irwin, California, supporting OPFOR realism training and counter-UAS instruction

 

●On April 6, 2026, the Company announced the sale of 15 eBee VISION systems to a U.S. Army unit stationed in Europe, expanding deployment across allied defense missions

 

●On March 19, 2026, the Company announced that the U.S. Army selected the eBee VISION to support hands-on unmanned systems training, operator proficiency, and integration exercises

 

The Allen, Texas facility is preparing to complete delivery of nine eBee VISION systems to the U.S. Army, with shipment expected in the third quarter of 2026.

 

Domestic manufacturing at scale

 

The Allen, Texas production facility is operational and manufacturing across four functions: eBee VISION production, consolidated MicaSense camera manufacturing in a single U.S. facility, counter-drone production through the Company’s majority-owned ThirdEye USA joint venture, and capacity for additional products. Domestic production capability is an increasingly critical procurement eligibility requirement across U.S. federal and defense channels, and the facility opens contract pathways that were previously inaccessible to the Company.

 

Counter-drone: ThirdEye USA operational and selected for CENTCOM experimentation

 

Following the Company’s $10 million strategic investment in Israel-based ThirdEye Systems Ltd. and the formation of ThirdEye USA, LLC (“ThirdEye USA”), a joint venture in which EagleNXT holds a 51% controlling interest, counter-drone production is underway at the Allen, Texas facility. On July 27, 2026, the Company announced that ThirdEye USA, the Company’s majority-owned counter-drone joint venture, was selected to participate in Experimentation: Transforming in Contact (EXTiC) 26-2, a U.S. Central Command initiative conducted in collaboration with the Defense Innovation Unit, held July 27 to 29, 2026. The program tests emerging technologies in operationally relevant scenarios and carries the potential for contract awards without further competition following validation. ThirdEye USA demonstrated MeduzaX, an AI-powered counter-UAS system manufactured at the Allen facility that detects, tracks, and classifies hostile drones using passive electro-optical technology.

 

ThirdEye USA’s counter-drone systems are at Technology Readiness Level 9 and are available for sale in the United States and Canada. Customer response at the EXTiC 26-2 demonstration generated qualified sales leads in the U.S. market, and the Company is actively pursuing initial counter-drone orders during the second half of 2026. To support that effort, EagleNXT has added Lindsay Ryan and Caleb Johnson to form a dedicated counter-drone sales team.

 

Counter-drone remains among the fastest-growing segments of global defense spending, and the joint venture positions EagleNXT to participate in that demand with domestically produced systems.

 

 

 

 

Expanded autonomous systems capability

 

The Company’s strategic investment in Aerodrome Group Ltd. (“Aerodrome”), an Israeli developer of autonomous loitering munitions, includes an option to form a joint venture serving the U.S. and Canadian markets, further broadening the Company’s addressable defense market beyond ISR into precision effects. Aerodrome continues to advance its Phoenix LT loitering munition in coordination with the Israel Defense Forces.

 

On July 22, 2026, the Company announced a strategic investment in Agilis Air Inc. (“Agilis Air”), a U.S.-based quadcopter UAS manufacturer, further expanding domestic platform capability across the Company’s product portfolio. Agilis Air is currently competing for U.S. Drone Dominance program opportunities.

 

Platform certification and procurement access

 

The eBee TAC and eBee VISION are Blue listed, and the Company continues to advance toward listing both platforms on the U.S. Army’s UAS Marketplace as Blue-Certified products. A successful listing is expected to streamline federal purchasing, reduce procurement cycle times, and expand the addressable customer base across defense and government channels.

 

Sensor portfolio expansion

 

Sensor revenue increased 112% sequentially in the second quarter. MicaSense camera demand accelerated during the growing season, supported by the RedEdge-P Green sensor introduced earlier this year. Two additional camera models remain in development. Jam-resistant capability for the eBee VISION continues in active development, a mission-critical feature for operations in GPS-contested environments that is expected to expand both the platform’s operational scope and its procurement eligibility.

 

Second quarter 2026 financial summary

 

●Revenue of $2.7 million, compared to $1.4 million in the first quarter of 2026 and $4.1 million in the second quarter of 2025

 

●Gross margin of 50.6%, compared to 41.7% in the first quarter of 2026 and 56% in the second quarter of 2025

 

●Cash and cash equivalents of $15.9 million as of June 30, 2026, compared to $29.5 million as of December 31, 2025

 

Additional details, including complete financial statements and accompanying notes, are available in the Company’s Quarterly Report on Form 10-Q filed with the SEC.

 

Outlook

 

EagleNXT expects continued revenue progression through the second half of 2026, supported by the normalization of federal procurement activity, growing eBee VISION demand across Army and allied military customers, initial counter-drone contribution from the Company’s majority-owned ThirdEye USA joint venture, seasonal commercial sensor revenue, and the pending Army UAS Marketplace listing. The Company continues to actively manage its cost structure while making the investments required to support scale.

 

 

 

 

About EagleNXT

 

EagleNXT is a leading developer of high-performance drones, advanced sensors, and intelligent software solutions that deliver critical aerial intelligence to customers around the world. With more than one million flights conducted globally, EagleNXT’s platforms are trusted across defense, public safety, agriculture, infrastructure, and environmental monitoring applications. The Company’s drone systems have achieved multiple industry firsts, including FAA approvals for Operations Over People (OOP) and Beyond Visual Line of Sight (BVLOS), as well as EASA C2 certification in Europe and inclusion on the U.S. Department of Defense’s Blue UAS list. EagleNXT’s sensors are integrated on more than 150 different drone models and are used in over 100 research publications worldwide, reinforcing its leadership in precision agriculture, surveying, and environmental sustainability initiatives.

 

For more information about the full suite of EagleNXT UAS solutions, or to schedule a demo, visit EagleNXT.com or contact the EagleNXT Media Relations team.

 

Forward-Looking Statements

 

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “suggest,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on AgEagle’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict, including risks related to the timing and fulfillment of current and future purchase orders relating to AgEagle’s products, the success of new programs and software updates, the ability to implement a new strategic plan and the success of a new strategic plan. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of AgEagle in general, see the risk disclosures in the most recently filed Annual Report on Form 10-K and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by AgEagle. All such forward-looking statements speak only as of the date they are made, and AgEagle undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise.

 

Media Contact

 

Andy Woodward

+1 (469) 451-2344

Andy.woodward@EagleNXT.com

 

LinkedIn | Facebook | X | YouTube

 

Investor Relations

 

Email: UAVS@EagleNXT.com

 

 

 

Source: View Original Filing on SEC EDGAR

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