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2mo ago

AeroVironment Stock Surges 25% After Q4 Beat and BlueHalo Acquisition

With international orders now making up most of its sales, AeroVironment expects fiscal 2026 revenue of up to $2 billion on the strength of its expanding backlog.

AeroVironment signage is seen during the Association of the United States Army annual meeting and exposition at the Walter E. Washington Convention Center in Washington, U.S., October 14, 2024. REUTERS/Nathan Howard/ File Photo
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AeroVironment is seeing robust demand for its drones, sending sales and its stock price surging.

Overview

  • On June 25, shares jumped 25% after reporting Q4 revenue of $275.1 million, exceeding the $242.7 million consensus and marking a 40% year-over-year gain.
  • Fiscal 2025 closed with record annual revenue of $821 million, up 14% year-over-year and propelled by an 87% surge in Loitering Munition Systems sales.
  • Its May completion of the $4.1 billion all-stock BlueHalo acquisition broadens its capabilities in laser weapons, space systems, cyber defense and unmanned underwater vehicles.
  • Funded backlog reached $726.6 million, an 82% increase from a year earlier, supported by $1.2 billion in bookings that signal sustained demand.
  • Management forecasts adjusted earnings of $2.80–$3.00 per share and up to $2 billion in fiscal 2026 revenue, driven by broadened international contracts.