AeroVironment Reports Strong Q1 Results with Record Revenue
AeroVironment delivered strong results for its fiscal first quarter of 2027, reporting record revenue of $480.5 million and adjusted diluted earnings per share (EPS) up 84% to $0.59. The company exceeded analyst expectations with revenue surpassing the projected $456.1 million and EPS beating estimates by a wide margin. The autonomous systems segment, which includes drones, saw significant growth of 21%, reaching $346 million in sales for the quarter. Meanwhile, the space, cyber, and directed energy segment declined year over year but was offset by major contract wins such as an international order worth $50 million for its LOCUST system and a U.S. Army production contract valued at $464.8 million. AeroVironment also reported strong backlog figures with funded orders reaching $1.5 billion, up 37% year over year. Despite the company maintaining full-year guidance calling for revenue between $2.125 billion and $2.225 billion, Wall Street remains optimistic about its future performance.
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