AeroVironment Reports Q1 2027 Earnings with Revenue Growth, Backlog Increase
AeroVironment (AVAV) reported first-quarter revenue of $480.5 million for fiscal year 2027, reflecting a 6% increase from the prior year driven by higher product and service sales. The company's funded backlog reached $1.5 billion, up 37%, due to strong order flow and sole-source contract wins. Adjusted EBITDA was reported at $53.4 million compared to $56.6 million in Q1 of the previous year. The Autonomous Systems segment saw a revenue increase of 21% to $346 million, while Precision Strike Revenue rose by 8%. However, Space, Cyber and Directed Energy Revenue declined by 21%, attributed to the termination of the SCAR contract. Uncrewed Aircraft Systems revenue surged by 71% due to increased sales of specific systems. AeroVironment provided FY 2027 guidance with projected revenue between $2.125 billion and $2.225 billion, expecting stronger performance in the second half of the year.
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