AeroVironment Reports Record Backlog and Beats Q1 Earnings Estimates
AeroVironment reported record revenue of $480.5 million for its first quarter of fiscal year 2027, surpassing analyst expectations by a significant margin. The company's funded backlog grew to $1.5 billion—up 37% from the previous year—with total backlog reaching $2.8 billion, offering strong visibility into future performance. This growth was driven primarily by its Autonomous Systems segment and recent large orders for counter-drone technology. The stock is currently viewed favorably by analysts, who maintain a Moderate Buy consensus with most rating it as a Buy. Price targets suggest over 80% upside potential from current levels if the company continues to outperform expectations. Institutional investors have also been accumulating shares in recent quarters, reinforcing confidence in its recovery trajectory. AeroVironment's financial health remains stable, and its expanding product lines—such as Locust drones and E-HEL counter-drone lasers—are expected to drive continued growth.
Tickers: $AVAV
Topics: AeroVironment counter-drone technology funded backlog growth Q1 earnings beat