XTEND Reports Preliminary Third Quarter 2026 Results, Names Former Navy SEAL Captain Matt McGraw U.S. CEO, and Issues Letter to Shareholders
XTEND reported preliminary, unaudited nine-month 2026 revenue of $24.5-$26.5 million, already exceeding its full-year 2025 revenue. The AI Robotics segment contributed $23-$24 million of that total, with a segment backlog of roughly $84 million as of September 30, 2026; the newly acquired JFB construction business added $1.5-$2.5 million. The company also named Matt McGraw, a retired Navy SEAL Captain and former Defense Innovation Unit official, as CEO of XTEND U.S., leading U.S. sales, production and delivery as militaries build permanent autonomy commands.
Key figures
- Revenue
- $24.5m - $26.5m
- Guidance
- Full Q3 2026 results to be reported November 16, 2026
- Ai robotics backlog
- ~$84 million
- Ai robotics segment revenue
- $23m - $24m
- Construction segment revenue
- $1.5 - $2.5 million
AI analysis
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