Overview
- The company reported results on June 29, showing fiscal Q4 revenue of about $642 million and full-year revenue near $2 billion, driven by rapid order wins and acquisition contributions.
- Funded backlog stood at $1.2 billion and the total pipeline reached roughly $2.7 billion, giving management visible work into fiscal 2027.
- AeroVironment guided fiscal 2027 revenue to $2.125 billion–$2.225 billion and adjusted EBITDA to $305 million–$325 million, which helped spark a roughly 19% one‑day stock rally.
- Despite strong sales, the firm posted a full-year GAAP net loss of about $265.1 million after a $240.7 million goodwill impairment and disclosed an $89 million accounting error that will require restatement.
- Key risks remain: the $4.1 billion BlueHalo acquisition must be integrated successfully, the U.S. Space Force canceled a $1.7 billion contract and a class‑action securities suit is pending, any of which could affect future cash flow and profit realization.