AeroVironment Reports Record Q1 Revenue Amid Autonomous Systems Growth
On September 9, AeroVironment Inc. (NASDAQ:AVAV) reported record first-quarter revenue of $480.5 million for fiscal year 2027, representing a 6% increase compared to the prior year. The growth was driven by strong performance in its Autonomous Systems segment and an expansion in both product sales and service revenue. Despite challenges from declining revenues in the Space, Cyber, and Directed Energy (SCDE) segment due to contract terminations and program wind-downs, management maintained full-year guidance with a projected revenue range of $2.125 billion to $2.225 billion. The company reported an adjusted diluted earnings per share increase from $0.32 in the prior year period to $0.59 for Q1 FY27 and improved gross margins, which rose to 26% compared to 21%. However, intangible amortization costs negatively impacted both gross profit by $18.5 million and operating metrics by $43.4 million. Despite these pressures, AeroVironment’s funded backlog increased to $1.5 billion from $1.2 billion at the start of the fiscal year.
Tickers: $AVAV
Topics: AeroVironment Q1 FY27 Results Revenue Growth Segment Performance