Overview
- AeroVironment reported adjusted earnings of $0.44 per share versus the $0.78 consensus, on revenue of $472.51 million versus $468.48 million expected and $188.46 million a year ago.
- The company lowered its fiscal 2026 adjusted EPS outlook to $3.40 to $3.55 versus a $3.64 analyst estimate and raised its revenue guidance to $1.95 billion to $2.00 billion versus a $2.00 billion estimate.
- Shares fell 5.98% to $281.42 in extended trading after the results, according to Benzinga Pro.
- CEO Wahid Nawabi said the quarter delivered record results with all-time high bookings and long-term contract wins.
- One day earlier, the company disclosed an $874 million, five-year U.S. Army IDIQ for foreign military sales of unmanned aerial and counter-UAS systems, and the stock had closed up 1.5% to $282.47.