Parrot: €81M in revenue in first nine months, already exceeding full 2025
Over the first nine months of the fiscal year, Parrot has already achieved €81.0M in revenue, exceeding the €79.8M generated over the entire 2025 fiscal year. The group targets approximately €110M in consolidated revenue in 2026 and would thus cross the €100M threshold for the first time in drones and professional solutions.
This trajectory is based on micro-drones, whose sales increased by 110% over nine months. The press release of October 28, 2026 also provides a profitability benchmark for this activity: breakeven operating income over a twelve-month rolling period, despite a negative result in the third quarter alone.
Third quarter revenue of €23.7M, up 40%
In the third quarter of 2026, Parrot achieved consolidated revenue of €23.7M, up 40% year-on-year (+38% at constant exchange rates). Over the first nine months, revenues reached €81.0M, up 60%.
The professional micro-drones activity recorded €16.6M in the quarter, compared to €9.9M a year earlier, representing a 68% increase (+66% at constant exchange rates). Over nine months, it totaled €58.7M, up 110%.
The Essential Infrastructure Solutions activity, driven by Pix4D, generated €7.0M in the third quarter, compared to €7.1M a year earlier. Over nine months, its revenue stands at €22.1M, stable at constant exchange rates.
Micro-drones at operational breakeven over twelve rolling months
The group attributes this growth to the ANAFI UKR range, with new orders and deliveries to defense forces and government organizations, particularly in Sweden, Denmark, the United States, France and Canada. On October 12, 2026, Parrot had reported initial orders on the US Army's UAS Marketplace procurement platform.
The main change concerns the profitability of this activity. Its cumulative operating income reaches breakeven over the last twelve months as of September 30, 2026, whereas the third quarter alone shows a negative result. The group describes a market characterized by significant variations in the pace of orders and deliveries.
At Pix4D, revenue remains stable despite a marked decline in perpetual license sales, offset by a growing number of subscriptions, particularly in Europe and the American continent. According to the group, sales of next-generation software solutions now exceed those of legacy products.
Approximately €110M in consolidated revenue targeted for 2026
For the fourth quarter of 2026, Parrot anticipates micro-drones revenue exceeding €20M. The activity should thus grow by 20% to 30% over the second half, despite a high comparative base, and approach €80M over the fiscal year, representing an increase of more than 65% compared to 2025.
During its half-yearly publication on July 31, 2026, the group had flagged this higher comparative base in the second half, particularly in the fourth quarter. It had also mentioned a significant temporary increase in working capital requirements and greater cash mobilization over the same period.
Parrot stated its confidence in achieving operational breakeven for the micro-drones activity over the entire 2026 fiscal year. With Essential Infrastructure Solutions activity expected to remain stable, consolidated revenue in drones and professional solutions should reach approximately €110M, surpassing the €100M threshold for the first time.
