Overview

• Shares jumped 25% on June 25 after the defense drone maker reported earnings of $1.61 per share and $275.1 million in revenue, surpassing expectations.
• Revenue rose 40% year-over-year in Q4, driven by an 87% jump in loitering munition system sales.
• The company closed the quarter with a funded backlog of $726.6 million and total bookings of $1.2 billion, up 82% and nearly double last year’s levels.
• May’s $4.1 billion BlueHalo acquisition expanded AeroVironment’s portfolio into laser warfare, space systems and cyber technologies.
• Management forecast adjusted earnings of $2.80 to $3.00 per share and revenue between $1.9 billion and $2 billion for fiscal 2026.