Overview
- Axon, which reported results Wednesday, posted $807.3 million in revenue that topped forecasts and earned $1.61 per share on an adjusted basis with GAAP earnings of $2.05.
- The company raised its 2026 growth target to 30%–32% and projected full‑year sales of $3.61 billion to $3.67 billion.
- Software and services revenue rose 35% to $355 million, AI tools grew more than sevenfold year over year, counter‑drone sales climbed over 300%, and Platform Solutions reached $111 million for a 95% gain.
- Shares swung after the release as some outlets cited a miss against Zacks’ $1.66 estimate while LSEG data showed a modest beat versus a $1.60 consensus.
- Management highlighted lower gross margin from tariffs and product mix, negative operating cash flow, and a growing backlog up 44% to $14.3 billion that will require strong delivery.