The earnings call highlighted significant achievements including record revenues, strong bookings, and strategic acquisitions, alongside challenges such as decreased revenues from Ukraine and lower service margins. Overall, the positive developments and future growth prospects outweigh the negatives.

Company Guidance -

Q1 2026

In AeroVironment's earnings call for the fourth quarter and full fiscal year 2025, the guidance for fiscal year 2026 was outlined with a revenue target set between $1.9 billion and $2 billion, marking significant growth from the previous year's record revenue of $821 million. The company achieved a 14% increase in annual revenue and reported $1.2 billion in total bookings for fiscal year 2025, leading to a funded backlog of $726 million, 82% higher than the prior year. AeroVironment also completed its acquisition of Blue Halo, bolstering its position in next-generation defense technology. For fiscal year 2026, the company anticipates adjusted EBITDA to be between $300 million and $320 million, with non-GAAP adjusted EPS ranging from $2.80 to $3.00. The growth is expected to be driven by strong demand for its innovative solutions, including new product launches such as the P550 UAS, JUMP 20X, and Red Dragon, and continued expansion in international markets.

Record Fiscal Year Revenue

AeroVironment achieved record fiscal year revenue of $821 million, which is 14% higher than the prior year period, and record fourth quarter revenues of $275 million, which is 40% higher than the prior year period.

Strong Bookings and Backlog

The company secured $1.2 billion in total bookings for fiscal year 2025 and ended the year with a funded backlog of $726 million, which is 82% higher than the prior fiscal year.

Blue Halo Acquisition

The acquisition of Blue Halo was completed, strengthening AeroVironment's position with an all-domain portfolio of innovative solutions across air, land, sea, space, and cyber.

Launch of New Products

AeroVironment launched three new products: the P550, JUMP 20X, and Red Dragon, which are designed to meet evolving market demands.

Growth in Loitering Munitions Systems

LMS segment revenues for the fourth quarter rose 87% to $138 million, and for the full fiscal year, revenues increased by 83% to $352 million.

Guidance for Fiscal Year 2026

The company set its fiscal year 2026 revenue guidance between $1.9 billion to $2 billion, with expected adjusted EBITDA between $300 million and $320 million.

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
Sep 03, 2025	2026 (Q1)	0.28 / -	0.89	―	―	―
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)
Jun 27, 2023	2023 (Q4)	0.95 / 0.99	0.3	230.00% (+0.69)	―

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
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%
Sep 05, 2024	$194.04	$183.73	-5.31%

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.