Red Cat: Big Order Promises Intact

Red Cat Holdings maintains a bullish outlook despite mixed Q2'26 results and market hesitancy. The drone company reaffirmed FY guidance of $150–$180M revenue, but reaching this target requires a significant ramp in 2H sales. The Dept. of War is long overdue to place major drone orders while Red Cat has built a large manufacturing base to support a pipeline topping $1 billion.