Amaero Slashes FY2026 Revenue Forecast Amid U.S. Government Contract Delays
Event summary
- Amaero cuts FY2026 revenue guidance to A$18M–A$20M from A$30M–A$35M due to U.S. government contracting delays.
- December quarter revenue up 390% YoY to A$3.1M; first-half FY2026 revenue up 366% YoY to A$7.7M.
- A$9.7M in contracts secured for second-half FY2026, with A$7.2M expected in Q4.
- Cash balance at A$52.6M as of December 31, 2025, up A$1.7M from September quarter.
- U.S. Navy validates Amaero’s PM-HIP process as a scalable alternative to traditional casting and forging.
The big picture
Amaero’s revised guidance reflects short-term delays in U.S. government contracting, but strong demand persists across defense, aerospace, and energy sectors. The company’s focus on domestic manufacturing aligns with policy shifts toward supply chain resilience, positioning it for long-term growth despite near-term headwinds. With A$9.7M in contracted revenue for the second half of FY2026, Amaero’s ability to execute on these contracts will be critical to achieving positive AEBITDA in 2027.
What we're watching
- Contracting Momentum
- Whether U.S. federal budget resolution in early 2026 accelerates defense contracting and revenue recognition.
- Production Scaling
- The pace at which Amaero ramps up powder production and PM-HIP manufacturing to meet contracted demand.
- Policy Tailwinds
- How defense budget increases and procurement reforms impact Amaero’s long-term growth prospects.
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