Overview
- AeroVironment’s shares climbed about 25% in early trading, marking the company’s largest daily rise since March 2024.
- Adjusted earnings came in at $1.61 per share, topping analyst forecasts of $1.39.
- Quarterly revenue rose 40% year-over-year to $275.1 million, surpassing the $241.6 million consensus estimate.
- Full-year revenue reached a record $820.6 million, a 14% increase over the prior fiscal period.
- Robust military drone orders driven by heightened defense spending have analysts forecasting continued growth in unmanned systems.