SKYX Platforms (SKYX) Expected to Announce Earnings on Wednesday

SKYX Platforms (NASDAQ:SKYX) is expected to post its Q1 2026 results before the market opens on Wednesday, May 13th. Analysts expect SKYX Platforms to post earnings of ($0.07) per share and revenue of $21.9820 million for the quarter. Individuals can find conference call details on the company’s upcoming Q1 2026 earning report page for the latest details on the call scheduled for Wednesday, May 13, 2026 at 4:30 PM ET.

SKYX Platforms (NASDAQ:SKYX) last issued its earnings results on Thursday, March 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The firm had revenue of $24.94 million for the quarter, compared to analyst estimates of $25.12 million. On average, analysts expect SKYX Platforms to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SKYX Platforms Trading Up 8.0%

Shares of SKYX Platforms stock opened at $1.08 on Wednesday. The company has a fifty day simple moving average of $1.46 and a 200-day simple moving average of $1.87. SKYX Platforms has a 12-month low of $0.96 and a 12-month high of $3.29. The stock has a market cap of $143.94 million, a price-to-earnings ratio of -3.48 and a beta of -3,565.99.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Roth Mkm restated a “buy” rating and issued a $5.00 target price (up from $4.25) on shares of SKYX Platforms in a report on Thursday, January 22nd. Lake Street Capital began coverage on shares of SKYX Platforms in a research note on Thursday, March 5th. They set a “buy” rating and a $5.00 price target for the company. Wall Street Zen cut shares of SKYX Platforms from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of SKYX Platforms in a research note on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, SKYX Platforms has a consensus rating of “Hold” and a consensus target price of $5.00.

Hedge Funds Weigh In On SKYX Platforms

Large investors have recently bought and sold shares of the company. Invesco Ltd. purchased a new position in SKYX Platforms during the 2nd quarter worth $34,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in SKYX Platforms during the 2nd quarter worth $35,000. Vise Technologies Inc. purchased a new position in SKYX Platforms during the 4th quarter worth $35,000. JPMorgan Chase & Co. raised its position in SKYX Platforms by 31.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 40,088 shares of the company’s stock worth $45,000 after buying an additional 9,647 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in SKYX Platforms during the 4th quarter worth $49,000. Hedge funds and other institutional investors own 11.79% of the company’s stock.

SKYX Platforms Company Profile

SKYX Platforms (NASDAQ:SKYX) provides comprehensive maintenance, repair and overhaul (MRO) services and operational support for commercial unmanned aerial systems (UAS). Through its digital platform, the company streamlines the booking, tracking and management of drone maintenance events, ensuring that operators maintain compliance with aviation regulations and industry best practices. SKYX Platforms’ offering is designed to reduce downtime, improve safety and extend the service life of UAS fleets across a wide range of applications.

The company’s service portfolio includes scheduled and unscheduled maintenance, component repair, spare parts provisioning, firmware and software updates, and field support.