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AeroVironment ( (AVAV) ) has provided an update.
AeroVironment reported fiscal third-quarter 2026 results on March 10, 2026, with revenue surging 143% year over year to $408 million and nine-month revenue reaching $1.3 billion, driven in part by the BlueHalo acquisition and strong demand across its Autonomous Systems and Space, Cyber and Directed Energy segments. Despite record funded backlog of $1.1 billion and robust bookings, the company posted a net loss of $156.6 million, largely due to a $151.3 million goodwill impairment in its Space unit following a January 2026 stop-work order on the BADGER phased array antenna agreement for the Space Force SCAR program and higher non-cash purchase accounting expenses.
On March 10, 2026, the U.S. Government told AeroVironment during SCAR program negotiations that it intends to terminate the BADGER agreement for convenience but will allow the company to compete for future SCAR work, prompting AeroVironment to continue investing in BADGER by developing a commercial phased array antenna product. While these developments weighed on margins and earnings in the quarter, non-GAAP adjusted EBITDA improved to $44.5 million and management highlighted strong order flow, manufacturing scale-up and a record backlog as positioning the company for a strong fourth quarter and a solid start to fiscal 2027, with significant implications for long-term defense market opportunities and shareholder value.
The most recent analyst rating on (AVAV) stock is a Hold with a $225.00 price target. To see the full list of analyst forecasts on AeroVironment stock, see the AVAV Stock Forecast page.
Spark’s Take on AVAV Stock
According to Spark, TipRanks’ AI Analyst, AVAV is a Neutral.
AVAV scores low-to-mid primarily due to weak financial performance (losses, margin compression, revenue contraction, and negative operating cash flow) and a bearish technical backdrop (price below key moving averages with negative MACD). These are partially offset by a constructive earnings outlook (raised guidance, record bookings/awards, and strong backlog visibility), while valuation is constrained by a negative P/E and lack of dividend data; corporate events are mixed with a notable stop-work risk.
To see Spark’s full report on AVAV stock, click here.
More about AeroVironment
AeroVironment, Inc. is a U.S. defense technology company that provides integrated capabilities across air, land, sea, space and cyber domains. Its portfolio includes autonomous systems, precision strike and counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare solutions aimed at meeting current and future military mission needs.
Average Trading Volume: 1,691,953
Technical Sentiment Signal: Hold
Current Market Cap: $11.35B
See more insights into AVAV stock on TipRanks’ Stock Analysis page.