Merlin, Inc. has fallen more than 44% over the past six months to an all-time low of $4.83, following a fiscal first-quarter 2026 earnings miss on May 14 where revenue of $1.0 million came in well below the $3 million consensus. Analysts' average 12-month price target implies a potential rebound of over 169% from current levels. Operationally, the company completed its first fully automated takeoffs on fixed-wing aircraft in the US and New Zealand, and its civil certification program is advancing with New Zealand's aviation authority alongside the FAA. On June 4, Merlin announced it had completed the Critical Design Review for its C-130J autonomy program with US Special Operations Command, shifting the effort from design development into aircraft integration and a formal test campaign.
Merlin, Inc.Fiscal Q1 2026 earnings miss with revenue of $1.0M vs $3M consensus, driving stock to all-time low.