SKYX Platforms (SKYX) Projected to Post Earnings on Monday

SKYX Platforms (NASDAQ:SKYX) is expected to be posting its Q1 2026 results after the market closes on Monday, May 11th. Analysts expect SKYX Platforms to post earnings of ($0.07) per share and revenue of $21.9820 million for the quarter. Individuals are encouraged to explore the company’s upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Monday, May 11, 2026 at 4:30 PM ET.

SKYX Platforms (NASDAQ:SKYX) last posted its earnings results on Thursday, March 26th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The firm had revenue of $24.94 million during the quarter, compared to analysts’ expectations 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 Stock Performance

NASDAQ SKYX opened at $1.36 on Friday. The company has a market capitalization of $181.26 million, a P/E ratio of -4.39 and a beta of -3,565.99. SKYX Platforms has a one year low of $0.96 and a one year high of $3.29. The stock has a 50 day moving average price of $1.44 and a 200-day moving average price of $1.87.

Hedge Funds Weigh In On SKYX Platforms

Several hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in shares of SKYX Platforms by 685.0% during the first quarter. Goldman Sachs Group Inc. now owns 264,724 shares of the company’s stock worth $302,000 after purchasing an additional 231,000 shares during the last quarter. Jane Street Group LLC lifted its position in shares of SKYX Platforms by 258.5% during the first quarter. Jane Street Group LLC now owns 190,265 shares of the company’s stock worth $217,000 after purchasing an additional 137,193 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of SKYX Platforms by 96.9% during the second quarter. Geode Capital Management LLC now owns 1,460,777 shares of the company’s stock worth $1,527,000 after purchasing an additional 718,712 shares during the last quarter. New York State Common Retirement Fund bought a new stake in shares of SKYX Platforms during the second quarter worth $82,000. Finally, Invesco Ltd. bought a new stake in shares of SKYX Platforms during the second quarter worth $34,000. 11.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

About SKYX Platforms

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.