RR: Net loss narrowed 36% on higher investment income as RaaS revenue surged 189% year-over-year

Richtech Robotics (NASDAQ:RR) shares rose 21.6% to $1.97 after announcing a $12 million share buyback plan covering 2.7% of outstanding shares. The company has $362.6 million in cash and investments, with recent revenue growth of 6.1% and a net loss of $10.4 million. Trading volume surged to 3.5 times the 10-session average.

Rolls-Royce shares rose 3.7% to 1,430.4p after the company reported H1 2026 results. Underlying operating profit was £2.53bn vs £2.37bn expected, and underlying revenue was £11.28bn vs £11.0bn expected. Rolls-Royce raised 2026 guidance to £4.7–£4.9bn profit and £3.8–£4.0bn free cash flow, declared a 6.0p interim dividend, and saw Moody’s and Fitch upgrade credit ratings.

Richtech Robotics (RR) shares fell nearly 35% in H1 2026 amid allegations its Microsoft AI partnership was overstated, subsequent class action lawsuits, and weaker results. Q1 fiscal 2026 revenue fell to about $1.15M and net loss rose to $8.4M. The company missed its Q2 filing, received Nasdaq noncompliance notice, and disclosed restatements for prior financials.

Jefferies upgraded Leonardo to Buy and named it its new top pick in European aerospace and defense, replacing Rheinmetall. The bank shifted to a 2028 sum-of-the-parts valuation, raised 2026 estimates, and cited Defense Electronics and air-defense exposure. Jefferies sees 30% upside to its price target and expects re-rating.

Richtec Robotics (NASDAQ: RR) said its board audit committee found its audited financial statements for the two most recent fiscal years “should not be relied upon” and require restatement, and that several quarterly unaudited periods in 2024–2025 are similarly unreliable. The company plans updated 10-Ks and corrected quarterly filings; RR shares fell slightly over 30% in June. It also bought a Las Vegas warehouse for $21M and planned to unveil an AI pallet-jack robot.

The UK confirmed an extra £15bn ($19.9bn) in defense spending over four years under its Defence Investment Plan, raising annual spending to £79.1bn by 2029 (2.7% of GDP), according to the UK government. The FTSE 350 Aerospace & Defense index rose ~5% after the announcement, with BAE Systems, Babcock and Chemring among gainers. Analysts cite fiscal risks and higher gilt yields.