AeroVironment started the fiscal year with record revenue and strong bookings, driven by strategic acquisitions and innovative product introductions. Despite challenges such as decreased gross margins and a reported net loss due to acquisition-related expenses, the company maintains a positive outlook with its robust pipeline and maintained guidance. The highlights significantly outweigh the lowlights, indicating strong growth potential.

Company Guidance

During AeroVironment's first quarter fiscal year 2026 earnings call, the company reported record revenue of nearly $455 million and bookings of almost $400 million, with a funded backlog growing to $1.1 billion and an unfunded backlog of $3.1 billion. The fiscal year 2026 revenue guidance was maintained between $1.9 billion and $2 billion. Key achievements included a $240 million contract for long-haul space laser communications terminals and a $95 million contract for the Freedom Eagle One missile program. The company also introduced the AeroVironment Halo software platform and highlighted its expanded capabilities following the Blue Halo acquisition. AeroVironment emphasized its strong positioning for growth across several multibillion-dollar market opportunities, including counter UAS, space communications, and directed energy solutions.

Record First Quarter Revenue

AeroVironment achieved a record first quarter with revenue of nearly $455 million, representing a 140% increase over the prior year and an 18% increase on a pro forma basis.

Strong Bookings and Backlog

Bookings for the first quarter reached nearly $400 million, with a funded backlog of $1.1 billion and an unfunded backlog of $3.1 billion.

Innovative Product Introductions

Introduced several innovative solutions in Counter UAS, space communications, and direct energy, which align with customers' urgent priorities and represent multibillion-dollar market opportunities.

Successful Integration of Blue Halo

The acquisition of Blue Halo has created significant new growth opportunities, with integration efforts progressing ahead of plan.

Key Contract Wins

Announced a $240 million award for laser communications terminals and a $95 million contract for the Freedom Eagle One program with the US Army.

Positive Financial Guidance

Maintained fiscal year 2026 guidance with revenue between $1.9 billion and $2 billion.

AeroVironment (AVAV) Earnings, Revenues Date & History

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AVAV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 09, 2025	2026 (Q2)	0.73 / -	0.47	―	―	―
Sep 09, 2025	2026 (Q1)	0.36 / 0.32	0.89	-64.04% (-0.57)
Jun 25, 2025	2025 (Q4)	1.38 / 1.61	0.43	274.42% (+1.18)
Mar 04, 2025	2025 (Q3)	0.48 / 0.30	0.63	-52.38% (-0.33)
Dec 04, 2024	2025 (Q2)	0.76 / 0.47	0.97	-51.55% (-0.50)
Sep 05, 2024	2025 (Q1)	0.62 / 0.89	1	-11.00% (-0.11)
Jun 26, 2024	2024 (Q4)	0.22 / 0.43	0.99	-56.57% (-0.56)
Mar 04, 2024	2024 (Q3)	0.33 / 0.63	0.33	90.91% (+0.30)
Dec 05, 2023	2024 (Q2)	0.62 / 0.97	0	―
Sep 05, 2023	2024 (Q1)	0.26 / 1.00	-0.1	1100.00% (+1.10)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AVAV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 09, 2025	$230.99	$247.05	+6.95%
Jun 25, 2025	$234.94	$272.37	+15.93%
Mar 04, 2025	$141.90	$135.69	-4.38%
Dec 04, 2024	$196.89	$165.62	-15.88%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.