The earnings call highlighted strong revenue growth, successful product launches, and a strategic acquisition, positioning AeroVironment for future growth. However, there were challenges with reduced revenues from Ukraine and some financial headwinds related to working capital and integration costs.

Company Guidance

During AeroVironment's fourth quarter and full fiscal year 2025 earnings call, the company provided guidance for fiscal year 2026, projecting revenue between $1.9 billion and $2 billion. This represents nearly 15% growth over the pro forma FY 2025 results, which included record fiscal year 2025 revenue of $821 million, a 14% increase from the previous year. The company also secured $1.2 billion in total bookings and ended with a funded backlog of $726 million, 82% higher than the prior year. The fiscal year 2026 guidance outlined adjusted EBITDA between $300 million and $320 million, and a non-GAAP adjusted EPS range of $2.8 to $3, with expectations for adjusted gross margins between 29% and 31%. AeroVironment highlighted its strong market position following the acquisition of Blue Halo and its focus on scaling production to meet increased demand across air, land, sea, space, and cyber domains.

Record-Breaking Revenue

AeroVironment achieved record fiscal year revenue of $821 million, up 14% from the prior year, and record fourth quarter revenues of $275 million, a 40% increase from the prior year.

Strong Demand and Backlog

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

Successful Acquisition of Blue Halo

AeroVironment closed the acquisition of Blue Halo, strengthening its position with an all-domain portfolio covering air, land, sea, space, and cyber.

Introduction of New Products

Launched three new products: P550, JUMP 20X, and Red Dragon, with significant demand expected for these products in FY 2026.

Loitering Munitions Systems Growth

LMS revenues for the fourth quarter rose 87% to $138 million, with a full fiscal year increase of 83% to $352 million. The company secured a $1 billion Army IDIQ contract for Switchblade products.

Positive Fiscal Year 2026 Guidance

Revenue guidance set between $1.9 billion to $2 billion for FY 2026, with significant growth expected in both Autonomous Systems and Space Cyber Directed Energy segments.

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 09, 2025	2026 (Q1)	0.33 / -	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.