AeroVironment Reports Record Revenue and Strong Earnings
AeroVironment (NASDAQ:AVAV) delivered strong financial results in its fiscal first quarter of 2027, with revenue reaching a record $480.5 million — up 6% year over year — driven by robust performance from the autonomous systems segment. Adjusted diluted earnings per share surged 84% to $0.59, far exceeding analyst expectations. The company also reported significant contract wins and an expanded backlog of future orders. The AxS (autonomous systems) segment grew 21% year over year to $346 million in revenue, while the SCDE (space, cyber, directed energy) segment declined by 21%. AeroVironment secured a major international order for its LOCUST counter-drone system and received a historic U.S. Army contract worth $464.8 million for high-energy laser weapons. Despite earlier volatility due to restated financials and the loss of a key contract, Wall Street remains optimistic about the stock's potential with 85% of analysts recommending it as a buy or strong buy.
Topics: autonomous systems book-to-bill ratio defense drones revenue growth