AeroVironment Reports $1.5 Billion Funded Backlog and Q1 Revenue Growth
AeroVironment (NASDAQ:AVAV) reported fiscal first-quarter revenue of $480.5 million, a 6% increase year-over-year for the period ending August 1, 2026. The company's funded backlog rose to approximately $1.5 billion from $1.2 billion in April 2026, indicating strong future revenue potential as these are firm customer orders with appropriated funding. Non-GAAP adjusted diluted earnings were reported at $0.59 per share, while the GAAP net loss was $5.1 million or $0.10 per diluted share. Management maintained its fiscal 2027 guidance for revenue between $2.125 billion and $2.225 billion and non-GAAP adjusted EBITDA of $305 million to $325 million, suggesting confidence in production schedules. The Autonomous Systems segment saw a significant increase with revenue up 21% year-over-year to $346 million. However, quarterly adjusted EBITDA declined slightly from the previous year and was negatively impacted by an $8.9 million loss in the Space, Cyber, and Directed Energy segment.
Tickers: $AVAV
Topics: Adjusted EBITDA Guidance Funded Backlog Revenue Growth