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XTI Aerospace Reports Second Quarter 2026 Results

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MIAMI, Oct. 20, 2026 /PRNewswire/ — XTI Aerospace, Inc. (Nasdaq: XTIA) (“XTI Aerospace,” “XTI,” or the “Company”), an aerospace and advanced technology platform and parent company of Drone Nerds, LLC, (“Drone Nerds”), a leading drone solutions platform serving commercial, enterprise and government customers, today announced financial results for its second quarter ended June 30, 2026, and provided an update on the Company’s outlook for 2026.

2026 Second Quarter Highlights (Inpixon results excluded and reflected in discontinued operations):

Revenue of $32.4 millionGross profit of $5.6 millionGross profit as a percentage of revenue of approximately 17%

“Demand for enterprise drone solutions continues to build across enterprise and government buyers and, as one of the nation’s leading enterprise drone providers, we believe we are well positioned to capitalize on that opportunity,” said Jeremy Schneiderman, XTI Aerospace’s Interim Chief Executive Officer. “My focus is on building a disciplined organization, spending carefully, and executing consistently. Importantly, the leadership team, sales organization and technical experts who built this business remain in place and are committed to supporting our customers across public safety, government, energy, infrastructure, agriculture and commercial markets.” 

“While we are navigating a dynamic regulatory environment, including Section 232 tariffs that took effect on September 3 and other pending drone-related regulations, our team remains focused on accelerating growth by strengthening our product offerings, increasing our marketing investments, and maintaining disciplined expense management. This is an exciting new chapter for the Company and while we are taking a prudent view towards our full-year outlook, we remain confident in our ability to drive improved performance and deliver sustainable growth.”

Updated 2026 Financial Outlook and Guidance:

Full year 2026 revenue of $125 million to $130 millionFull year 2026 gross profit as a percentage of revenue of 17 percent to 19 percent

The Company’s outlook assumes, among other things, continued access to its asset-based credit facility and no material further changes in tariff policy, and is subject to the risks described below under “Cautionary Statement Regarding Forward-Looking Statements.

2026 Second Quarter and Recent Events:

Announced the addition of the XREAL xbx a01+, a lightweight pair of augmented reality (“AR”) screen-casting glasses, to Drone Nerds’ product lineupEntered a partnership with DBOX to expand access to autonomous drone docking solutions across the U.S. public safety and government markets through Drone Nerds’ enterprise solutions portfolioDr. Allan Evans appointed as Chairman of the Board of Directors, and Jeremy Schneiderman appointed as Interim CEO, further enhancing the Company’s expertise in the U.S. enterprise drone marketCompletion of the internal review of matters relating to the Company’s former Chief Executive Officer and related corporate governance matters by a committee of independent directors, assisted by independent counsel, concluding that no financial misstatements were identified.

Liquidity and Reduction of Corporate Expenses
As of June 30, 2026, the Company had $7.2 million of unrestricted cash and cash equivalents and $9.1 million of remaining availability on the borrowing base under its credit facility at Drone Nerds.

During the second quarter the Company took significant action to reduce its corporate and ADS headcount and related compensation, to consolidate its office footprint, and to terminate non-core consulting, vendor and software contracts. On a preliminary basis, average monthly operating cash outflows of the Company’s ADS and corporate operations (excluding Drone Nerds) during the third quarter were approximately $1.1 million per month, down approximately 42% from the second quarter, and 62% from the first quarter.    

As of September 30, 2026 on a preliminary basis the Company had $5.1 million of unrestricted cash and cash equivalents. The Company continues to reduce its monthly cash burn, resulting in an expected transition to positive net cash provided by operating activities during the fourth quarter of 2026.

Unaudited Supplemental Combined Financial Information
For purposes of this release, references to “supplemental combined” financial information refer to the unaudited supplemental combined financial information described below.

The Company has provided unaudited supplemental financial information of the combined company in this press release. The following financial information combines XTI and Drone Nerds historical operating results as if the businesses had been operated together on a combined basis during prior periods. This financial information is intended to illustrate the current operating footprint of the Company following the acquisition of Drone Nerds and divestiture of the Company’s Industrial IoT / Real-Time Location Systems business.

The unaudited supplemental combined financial information is not “pro forma” financial information as that term is used in Article 11 of Regulation S-X. The unaudited supplemental combined financial information was not prepared in accordance with Article 11 of Regulation S-X and differs from the unaudited pro forma condensed combined financial information included in the Current Report on Form 8-K/A filed with the SEC on February 9, 2026 (the “Pro Forma 8-K Filing”), which was prepared in accordance with Article 11 of Regulation S-X and presented the year ended December 31, 2024 and the nine months ended September 30, 2025, which includes the 2025 periods shown in this press release, but did not present those periods separately. The unaudited supplemental combined financial information was not prepared in accordance with Article 11 of Regulation S-X and is presented for illustrative purposes to assist investors in understanding the operational performance of the combined business, timing and operational impact of the acquisition, and integration of the combined business, and should not be considered a substitute for the pro forma financial information included in the Company’s prior filings prepared in accordance with Article 11 of Regulation S-X.

Consequently, the unaudited supplemental combined financial information is intentionally different from, but does not supersede, the pro forma financial information set forth in the Pro Forma 8-K Filing or the pro forma financial information set forth in the Company’s most recent annual report on Form 10-K.

In addition, the unaudited supplemental combined financial information does not purport to indicate the results that actually would have been obtained had the companies been operated together during the periods presented, or which may be realized in the future. The unaudited supplemental combined financial information has no impact on XTI’s or Drone Nerds’ previously reported consolidated balance sheets or statements of operations, cash flows or equity.

XTI Aerospace, Inc. and Subsidiaries
Pro Forma(1) Combined Financial Data
(Unaudited)

For the Three Months Ended
June 30,

(in thousands, except percentages)

2026
(Actual)
Amount

2025
(Pro Forma)
Amount

$ Change

% Change

Revenues

$       32,449

$       25,130

$         7,319

29 %

Gross profit

5,643

6,047

(404)

(7) %

Gross profit %

17.4 %

24.1 %

(6.7) %

(28) %

Net loss from continuing operations

(850)

(13,267)

12,417

(94) %

(1) For information on unaudited supplemental combined financial information presented, see the section titled “Unaudited Supplemental Combined Financial Information” in this press release.

The unaudited supplemental combined financial information excludes non-recurring transaction-related costs associated with the Drone Nerds acquisition.

Conference Call
The Company will not host a conference call in conjunction with its second quarter results.  It currently plans to resume conference calls with the issuance of its third quarter 2026 results.

About XTI Aerospace, Inc.

XTI Aerospace, Inc. (“XTI”) (Nasdaq: XTIA) is focused on building a leading platform for commercial and government drone adoption in the growing unmanned aircraft systems (“UAS”) industry. Through its subsidiary, Drone Nerds, LLC, XTI supports enterprise and government customers in sectors including public safety, agriculture, construction, and energy across the drone program lifecycle, from hardware sourcing and deployment to training, service, repair, and the proprietary Always Flying™ program. Its established U.S. customer base and reputation as a trusted solutions provider position the company as a go-to-market partner for drone manufacturers and software developers seeking to scale in the domestic market.

For more information about XTI, please visit xtiaerospace.com and follow XTI on LinkedIn, Instagram, X, and YouTube.

Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release are forward-looking statements.

Forward-looking statements may be identified by words such as “believe,” “continue,” “could,” “would,” “will,” “expect,” “intend,” “plan,” “target,” “estimate,” “project,” or similar expressions. These statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. Such risks include, but are not limited to, the Company’s ability to obtain a waiver of the existing cross-defaults under its asset-based credit facility and to restructure or repay its acquisition-related promissory notes before the limited waiver period expires, which may occur on ten days’ notice from the noteholders and in any event no later than December 31, 2026, the risk that its lender declines to make further advances or accelerates outstanding borrowings, substantial doubt about the Company’s ability to continue as a going concern, the Company’s ability to maintain the listing of its common stock on Nasdaq, the impact of Section 232 tariffs and other trade measures; pending regulatory inquiries and proceedings relating to its Anzu Robotics subsidiary; potential conflicts of interest arising from its Interim Chief Executive Officer’s economic interest in the holders of its acquisition-related notes, market adoption, regulatory requirements, supply chain conditions, technological development, integration of the acquired businesses, the Company’s liquidity and ability to access additional capital on acceptable terms or at all, the Company’s negative stockholders’ equity and the sufficiency of its capital resources, and changes in applicable laws or regulations, customer demand variability and seasonal purchasing patterns, the Company’s ability to achieve projected gross margins and operating cost reductions, working capital timing and inventory management, the outcome of pending legal proceedings involving the Company and its subsidiaries, the Company’s ability to maintain relationships with key suppliers, restrictions and covenants under the Company’s ABL credit facility, risks related to the wind-down of the Company’s ADS division and the development of its ATM division, which has not generated revenues, and the potential for significant non-cash charges related to changes in the fair value of warrant liabilities as well as the other risks and uncertainties described in the Company’s filings with the SEC. The Company’s financial outlook and other projections in this press release are based on management’s current expectations and assumptions and are particularly subject to these risks. XTI undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law. Readers are encouraged to review the risk factors described in XTI’s filings with the SEC, including its most recent Annual Report on Form 10-K and subsequent filings.

Contacts:

General inquiries:
Email: contact@xtiaerospace.com
Web: https://xtiaerospace.com/contact

Investor Relations:
IR@xtiaerospace.com

XTI Aerospace, Inc. and Subsidiaries
Consolidated Statements of Operations
(In thousands, except share and per share data)
(Unaudited)

For the Three Months Ended
June 30,

For the Six Months Ended
June 30,

2026

2025

2026

2025

Revenues

$       32,449

$            —

$       60,145

$            —

Cost of Revenues

26,806

—

49,356

—

Gross Profit

5,643

—

10,789

—

Operating Expenses

Research and development

577

1,380

1,774

2,504

Sales and marketing

1,975

934

4,338

1,209

General and administrative

11,855

3,474

23,601

10,270

Merger and acquisition transaction costs

90

—

90

—

Amortization of intangible assets

228

8

458

16

Total Operating Expenses

14,725

5,796

30,261

13,999

Loss from Operations

(9,082)

(5,796)

(19,472)

(13,999)

Other Income (Expense)

Interest expense, net

(148)

(1)

(302)

(218)

Loss on extinguishment of debt

—

—

—

(421)

Warrant issuance expense

—

(3,779)

—

(5,795)

Change in fair value of warrant liability

8,413

(5,934)

(13,034)

(5,431)

Other

(33)

(5)

212

(349)

Total Other Income (Expense)

8,232

(9,719)

(13,124)

(12,214)

Loss from Continuing Operations Before Income
Taxes

(850)

(15,515)

(32,596)

(26,213)

Income tax (expense) benefit

—

(9)

—

6

Net Loss from Continuing Operations, net of tax

(850)

(15,524)

(32,596)

(26,207)

Loss from operations of discontinued component,
inclusive of tax

(1,600)

(5,334)

(4,852)

(7,523)

Net loss

(2,450)

(20,858)

(37,448)

(33,730)

Net income attributable to noncontrolling interest

304

—

576

—

Net Loss Attributable to XTI Aerospace, Inc

(2,754)

(20,858)

(38,024)

(33,730)

Less: Preferred stock dividends

—

—

42

29

Net Loss Attributable to Common Stockholders

$     (2,754)

$    (20,858)

$    (38,066)

$    (33,759)

Net Loss Per Share – Basic and Diluted:

Continuing operations

$        (0.03)

$        (2.18)

$        (0.90)

$        (4.98)

Discontinued operations

$        (0.04)

$        (0.75)

$        (0.13)

$        (1.43)

Net loss per share

$        (0.07)

$        (2.93)

$        (1.03)

$        (6.41)

Weighted Average Shares Outstanding, Basic and
Diluted

38,476,439

7,121,837

36,857,677

5,263,609

Net loss per share from continuing and discontinued operations is calculated based on net loss attributable to common stockholders. Preferred stock dividends and deemed dividends are allocated to continuing and discontinued operations on a proportional basis.

 

XTI Aerospace, Inc. and Subsidiaries
Consolidated Balance Sheets
(In thousands)
(Unaudited)

As of June 30,
2026

As of December 31,
2025

Assets

Current Assets

Cash and cash equivalents

$               7,214

$              16,696

Accounts receivable, net

13,170

12,093

Inventories

19,092

15,400

Prepaid expenses and other current assets

5,864

3,989

Current assets of discontinued operations

—

3,645

Total Current Assets

45,340

51,823

Property and equipment, net

401

385

Operating lease right-of-use asset, net

1,511

2,965

Intangible assets, net

8,879

9,338

Goodwill

11,544

11,544

Note receivable

4,286

—

Other assets

879

403

Non-current assets of discontinued operations

—

4,788

Total Assets

$             72,840

$             81,246

Liabilities, Mezzanine Equity and Stockholders’ Equity (Deficit)

Current Liabilities

Accounts payable

$               2,590

$               5,212

Accrued expenses and other current liabilities

7,738

6,556

Customer deposits

1,916

3,071

Warrant liability

56,482

22,561

Operating lease obligation, current

630

550

Note payable-related party

450

—

Acquisition-related promissory note-related party

4,431

7,931

Asset-based revolving line of credit

8,760

—

Income tax payable

1,241

—

Current liabilities of discontinued operations

—

1,722

Total Current Liabilities

84,238

47,603

Note payable-related party

—

450

Operating lease obligation, noncurrent

909

2,427

Non-current liabilities of discontinued operations

—

322

Total Liabilities

85,147

50,802

Commitments and Contingencies

Mezzanine Equity

Representative and placement agent warrants, net of issuance costs

2,701

2,701

Stockholders’ Equity (Deficit)

Preferred Stock

—

—

Series 4 Convertible Preferred Stock

—

—

Series 5 Convertible Preferred Stock

—

—

Series 9 Convertible Preferred Stock

—

—

Series 10 Convertible Preferred Stock

—

21,793

Common Stock

38

33

Additional paid-in capital

174,720

157,354

Accumulated other comprehensive income

—

881

Accumulated deficit

(200,347)

(162,323)

Total Stockholders’ Equity (Deficit)

(25,589)

17,738

Noncontrolling interest

10,581

10,005

Total Equity (Deficit)

(15,008)

27,743

Total Liabilities, Mezzanine Equity and Equity (Deficit)

$             72,840

$             81,246

 

XTI Aerospace, Inc. and Subsidiaries
Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)

For the Six Months Ended June 30,

2026

2025

Cash Flows Used in Operating Activities

Net loss

$        (37,448)

$        (33,730)

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation and amortization

110

68

Amortization of intangible assets

458

152

Amortization of right-of-use asset

390

76

Non-cash interest (income) expense, net

(206)

145

Stock-based compensation

8,619

1,177

Impairment of goodwill

—

4,049

Impairment of intangible assets

—

631

Loss on extinguishment of debt

—

421

Warrant issuance expense

—

5,795

Change in fair value of warrant liability

13,034

5,431

Loss on sale of Inpixon Business

831

—

Other income

(250)

—

Other

257

(291)

Changes in operating assets and liabilities:

Accounts receivable and other receivables

203

401

Inventories

(3,673)

(4)

Prepaid expenses and other current assets

(1,582)

(264)

Other assets

(19)

362

Accounts payable

(2,648)

(1,814)

Related party payables

—

(51)

Accrued expenses and other current liabilities

2,256

(4,838)

Customer deposits

(980)

376

Operating lease obligation

(360)

(75)

Net Cash Used in Operating Activities

(21,008)

(21,983)

Cash Flows Used in Investing Activities

Purchase of property and equipment

(170)

(103)

Net cash paid on disposal of the Inpixon Business

(694)

—

Net Cash Used in Investing Activities

(864)

(103)

Cash Flows Provided by Financing Activities

Proceeds from the exercise of liability classified warrants

7,927

3,771

Payment of offering costs and commissions in connection with exercise of liability
classified warrants

(488)

—

Net proceeds from sale of common stock and pre-funded warrants via public offerings

—

36,396

Net proceeds from ATM stock offering

—

1,667

Redemption of Series 9 preferred stock

—

(1,427)

Borrowings on asset-based revolving line of credit

45,008

—

Repayment of borrowings on asset-based revolving line of credit

(36,248)

—

Payment of debt issuance costs

(565)

—

Repayments of promissory notes-related party

(3,500)

(2,719)

Net Cash Provided by Financing Activities

12,134

37,688

Effect of Foreign Exchange Rate on Changes on Cash

33

339

Net (Decrease) Increase in Cash and Cash Equivalents

(9,705)

15,941

Cash and Cash Equivalents – Beginning of period

16,919

4,105

Cash and Cash Equivalents – End of period

$          7,214

$        20,046

 

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SOURCE XTI Aerospace, Inc.

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Japan’s first DJI and Hasselblad Dual-Concept Flagship Store: “DJI | Hasselblad Authorized Concept Store Tokyo Omotesando” to Grand Open in Late October 2026!

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39 minutes ago

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October 22, 2026

By

Offering an unprecedented creative experience with hands-on latest drones and medium-format cameras, an indoor drone flight cage, and 1-on-1 support from multilingual dedicated specialists

TOKYO, Oct. 22, 2026 /PRNewswire/ — DJI, the global leader in innovative aerial and imaging technology, will announce that SEKIDO Co., Ltd., an authorized domestic distributor, will hold the grand opening of the “DJI | Hasselblad Authorized Concept Store Tokyo Omotesando” in the Omotesando area of Tokyo on Saturday, October 31, 2026. This dual-concept store allows visitors to experience the combined worlds of DJI and Hasselblad, the Swedish premium camera brand boasting over 180 years of history as the pinnacle of medium-format photography.

The store consists of two floors, the first and second floors above ground, bringing together the world’s finest imaging technologies, from DJI’s latest drones, handheld gimbals, and action cameras to Hasselblad’s flagship medium-format digital camera systems. The store features a permanent indoor “Drone Flight Cage” for actual flight and operational experiences. It also offers 1-on-1 personalized consulting by expert staff and a multilingual support system (Japanese, English, and Chinese), strongly backing the expressive activities of all creators from Japan and abroad.

Background and Aim of Opening: A Permanent Flagship Hub to Meet the Growing Demand for “Real-World Experience and Expert Consultation”

The use of DJI products has been rapidly expanding in the Japanese market across a wide range of fields, including aerial photography, film and commercial production, still photography, and even industrial applications such as surveying and infrastructure inspection.

In recent years, while the demand for high-performance imaging equipment for creators has further increased, many customers have voiced their desire for real-world experiential value, stating, “I want to check the actual operational feel, image quality, and holding grip before purchasing,” and “I want to consult professionals to select the optimal equipment for my specific production needs and shooting environments.” For highly advanced equipment like drones in particular, it is extremely crucial to verify the intuitive operability and shooting sensation, which are difficult to convey solely through spec sheets and online information.

In response to these changing market dynamics, we decided to open a store in “Tokyo Omotesando,” an epicenter of trends and culture. This permanent flagship hub integrates “product experience,” “expert consulting,” and “experiencing the brand’s world view,” which cannot be fully covered by online sales and short-term events alone. We aim to create an open creative community space for all visual expressers, from highly sensitive top creators domestically and internationally to entry-level enthusiasts aspiring to begin serious content creation.

4 Key Highlights of “DJI Hasselblad Authorized Concept Store Tokyo Omotesando”

1. [Brand Convergence] A Dual-Concept Store to Experience the Worlds of DJI and Hasselblad

“DJI,” which develops innovative imaging technologies, and “Hasselblad,” which continues to support photographic expression as a historic medium-format camera brand. This is a new, dual-concept official store where the craftsmanship and cutting-edge technology of both brands intersect in a single space. From still images to motion pictures, and from the ground to the sky, we offer an equipment lineup that supports diverse creative activities.

2. [Real Experience] Indoor Drone Flight Cage & Product Touch & Try

On the 1st floor, a dedicated “Drone Flight Cage” is permanently installed, allowing visitors to safely fly and pilot drones. Without worrying about weather conditions or restricted flight areas, you can directly experience the hovering stability, camera operation, and control responsiveness of the latest drones on the spot. In addition, handheld cameras and gimbals such as the Osmo series led by the latest Osmo 360 II and Osmo Pocket 4P, as well as the Hasselblad medium-format cameras on the 2nd floor, are all displayed fully powered on, allowing you to freely pick them up and experience shooting.

3. [Expert Consultation] 1-on-1 Personalized Support System by Dedicated Specialists

Expert staff who are thoroughly familiar with product knowledge and on-site shooting know-how are permanently stationed at the store. We propose the optimal equipment configuration and peripheral accessories tailored to each customer’s shooting style, application, and business implementation goals. From comparing products to lectures on initial setup and consultation after introduction, we politely address all questions before and after purchase on a 1-on-1 basis.

4. [Global] Trilingual Support (Japanese, English, Chinese) to Fully Accommodate Inbound Demand

Tailored to the internationally diverse location of Omotesando, not only Japanese but also English and Chinese communication will be supported at the store. We have established a hospitable environment where international tourists and overseas business visitors can experience, purchase, and process tax exemptions for high-end equipment with peace of mind, without feeling any language barriers.

Floor Guide and Overview of Each Area

Each of the two floors offers independent themes and experiential value.

Floor

Main Exhibits and Services

1F
DJI Area

[DJI Touch & Try, Sales, and Flight Cage]
Latest aerial drones (Mavic series, Air series, Mini series, etc.)
Handheld gimbals and action cameras (Osmo Pocket, Osmo 360, Osmo Action, etc.)
Indoor drone flight cage (Actual piloting experience)
Product consultation by dedicated staff

2F
Hasselblad Area

[Hasselblad Touch & Try, Sales, and Gallery]
Medium-format mirrorless digital cameras (X2D II 100C, 907X series, etc.) and XCD lenses
Hasselblad art gallery (Exhibiting the overwhelming gradation and details captured by medium-format cameras)
Premium lounge and consulting booths for in-depth discussions in a relaxed atmosphere

Future Outlook: Regular Events and Workshops to Foster a Creator Community

This store will play a role not merely as an equipment sales hub, but as a communication hub where creators can connect, learn, and collaborate.

Following the grand opening, we plan to regularly host shooting workshops led by front-line professional photographers and video creators, drone flight experience seminars, and advance hands-on preview events for new products. Through the enthusiasm and learning opportunities unique to a physical store, we will contribute to the advancement of Japan’s creative culture.

Store Overview

Item

Store Basic Information

Store Name (Japanese)

DJI | Hasselblad Authorized Concept Store 東京表参道

Store Name (English)

DJI | Hasselblad Authorized Concept Store Tokyo Omotesando

Scheduled Opening Date & Time

Saturday, October 31, 2026 (Grand Opening)

Location

1F & 2F, La Porte Aoyama, 5-51-8 Jingumae, Shibuya-ku, Tokyo 150-0001

Access

4-minute walk from Exit B2 of Omotesando Station on the Tokyo Metro Ginza, Chiyoda,
and Hanzomon Lines

Business Hours / Holidays

11:00 – 20:00 (Planned) / Irregular holidays

Phone Number

03-6803-8400

Official Instagram

https://www.instagram.com/djihasselblad_tokyo_omotesando/

For details regarding the opening day and related campaigns, please check the store’s official Instagram or DJI’s official social media accounts.
We sincerely look forward to welcoming you to our store.

*Please note that all store images featured in this press release are computer-generated (CG) conceptual renderings. The actual design, layout, and specifications are subject to change without prior notice.

About DJI
Since its founding in 2006, DJI has pioneered the civilian drone industry, driving innovation while empowering individuals to take flight for the first time, turning imagination into reality, and continuously revolutionizing professional video production. Today, DJI strives every day with the goal of promoting human advancement and building a better world. With a solution-oriented mindset and genuine curiosity, DJI has expanded its business into fields such as renewable energy, agriculture, public safety, surveying and mapping, and infrastructure inspection. In each of these areas, DJI products create new value and bring unprecedented, fundamental changes to the lives of people around the world.

www.dji.com/jp  |  facebook.com/dji.jp  |  twitter.com/djijapan  |  youtube.com/DJIJapan  |  instagram.com/dji_japan  |  www.linkedin.com/company/dji

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SOURCE DJI JAPAN

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Shareholder Proposal Support Nudges Up as Proposal Volume Falls, Broadridge ProxyPulse™ Report Finds

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39 minutes ago

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October 22, 2026

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2026 proxy season sees a sharp decline in environmental and social proposals, a 10-year high in say-on-pay support and expanded opportunities for investor participation

NEW YORK, Oct. 22, 2026 /PRNewswire/ — Shareholder support for proposals increased in the 2026 proxy season even as the number of proposals continued to decline, according to the latest ProxyPulse™ report from global Fintech leader Broadridge (NYSE: BR).  Average support for shareholder proposals rose to 27.9% from 24.3% in 2025 with increases in both retail and institutional investor segments.

“The number of environmental and social proposals that were voted on declined by 47% between the 2025 and 2026 proxy seasons,” said Chuck Callan, Senior Vice President of Regulatory Affairs at Broadridge. “At the same time, shareholder support for proposals on disclosing political spending, at 42% on average, rose to a new high. Backing for directors and say-on-pay remained strong, with say-on-pay support hitting a 10-year high.”

Retail Investors Vote More Shares as Participation Options Expand

Retail investors owned 6 billion more shares this season than last and voted 2 billion more of the shares they own. The report also highlights the continued expansion of “voting choice” and digital governance capabilities to expand the options that shareholders have to make their voices heard. More than 900 funds offered pass-through voting in the 12 months ended June 30, 2026, up from approximately 400 a year earlier, with more than 400,000 shareholders enrolled. Companies held a record 2,542 virtual shareholder meetings between July 2025 and June 2026, including more than 200 first-time adopters.

About ProxyPulse™

The 2026 Broadridge ProxyPulse report examines ownership and voting trends across the past five proxy seasons and explores developments shaping corporate governance, including standing voting instructions, voting choice and support for tokenized equities.

ProxyPulse™ is based on Broadridge’s processing of shares held in street name at the 1,000+ broker-dealers and custodian banks it services. Accounts are classified as either “retail” or “institutional” based on the delivery channels and voting platforms they utilize. All data is reported in the aggregate. Comparative information covers annual meetings between January 1 and June 30 in each of the past five years.

About Broadridge

Broadridge (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Broadridge’s technology and operations platforms process and generate over 8 billion communications annually and underpin the daily average trading of over $18 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing approximately 16,000 associates in 28 countries. For more information about us, please visit www.broadridge.com.

Broadridge Contacts:

Investors: broadridgeir@broadridge.com

Media: Gregg.Rosenberg@broadridge.com

 

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SOURCE Broadridge Financial Solutions, Inc.

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UMC and AP Memory Collaborate to Enable Advanced Power Delivery Solutions for AI and HPC Systems

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40 minutes ago

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October 22, 2026

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HSINCHU, Oct. 22, 2026 /PRNewswire/ — United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”) and AP Memory (TWSE: 6531) today announced a technology and manufacturing collaboration to advance power delivery solutions for AI and high-performance computing (HPC) systems. This partnership combines UMC’s deep trench capacitor (DTC) foundry technology and scalable wafer manufacturing with AP Memory’s silicon capacitor designs and system-level integration to address the power efficiency challenges of next-generation data centers.

Rapid scaling of AI workloads is placing unprecedented demands on power delivery within computing systems, driving an architecture shift in data center design from placing power stabilization components on the circuit board to embedding capacitors directly in the interposer or substrate. This innovative approach shortens the power delivery path, improves power integrity, and supports more efficient voltage regulation within advanced packages.

The collaboration reached a significant milestone in the third quarter of 2026, with AP Memory’s S-SiCap™ Gen2D discrete silicon capacitor designs completing tape-out and initial functional validation. The next step is to proceed to comprehensive system-level performance and reliability testing of capacitors in substrate packages, targeting support for a range of capacitance and operating voltage requirements. UMC and AP Memory are also exploring opportunities to extend the collaboration to other product lines including capacitor-embedded interposers and landside capacitors to address diverse system designs.

GC Hung, Senior Vice President of UMC, said: “The growth of AI and HPC is driving a fundamental shift in power delivery – from board-level towards increasingly vertical power integration on the chip-level. UMC is offering robust power delivery solutions, including our DTC technology, which enables high-density capacitance to be placed closer to the computing die for more stable power delivery. By partnering with AP Memory, we are helping to bring scalable solutions to the market to solve the critical power bottleneck challenges as AI infrastructure continues to evolve.”

Ivan Hong, President of AP Memory, said: “The successful tape-out and initial wafer validation of our customized S-SiCap™ products using DTC technology represents an important milestone in demonstrating the flexibility and manufacturability of AP Memory’s S-SiCap™ design. By working with UMC, we are providing our customers a total solution, from product design to wafer manufacturing.”

UMC’s power delivery solutions roadmap covers both discrete and embedded silicon capacitors that can be applied to different system architectures, and extends to active components such as internal voltage regulators. UMC is also leveraging its advanced packaging capabilities to enable higher-density integration of power components to meet the higher voltage and capacitance requirements of next-generation data centers. In parallel, UMC is further investing in new manufacturing capacity to support both power delivery and heterogeneous integration solutions.

About UMC

UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor foundry company. The company provides high-quality IC fabrication services, focusing on logic and various specialty technologies to serve all major sectors of the electronics industry. UMC’s comprehensive IC processing technologies and manufacturing solutions include Logic/Mixed-Signal, embedded High-Voltage, embedded Non-Volatile-Memory, RFSOI, BCD etc. Most of UMC’s 12-in and 8-in fabs with its core R&D are located in Taiwan, with additional ones throughout Asia. UMC has a total of 12 fabs in production with combined capacity of more than 400,000 wafers per month (12-in equivalent), and all of them are certified with IATF 16949 automotive quality standard. UMC is headquartered in Hsinchu, Taiwan, plus local offices in United States, Europe, China, Japan, Korea & Singapore, with a worldwide total of 20,000 employees. For more information, please visit: http://www.umc.com.

Note from UMC Concerning Forward-Looking Statements

Some of the statements in the foregoing announcement are forward-looking within the meaning of the U.S. Federal Securities laws, including statements about introduction of new services and technologies, future outsourcing, competition, wafer capacity, business relationships and market conditions. Investors are cautioned that actual events and results could differ materially from these statements as a result of a variety of factors, including conditions in the overall semiconductor market and economy; acceptance and demand for products from UMC; and technological and development risks. Further information regarding these and other risks is included in UMC’s filings with the U.S. Securities and Exchange Commission. UMC does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

About AP Memory

AP Memory (TWSE: 6531) is a global fabless design semiconductor company specializing in customized memory design and IP solutions. Products include IoT memory (IoTRAM™), AI memory solutions (VHM™), and silicon capacitors (S-SiCap™). With strong R&D capabilities, AP Memory is committed to providing high performance, low-power and innovative customized products and solutions for applications such as mobile communication, wearable, IoT, high-end mobile application, high-performance computing, and edge computing.

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SOURCE United Microelectronics Corporation; AP Memory Technology Corp.

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