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Axon Enterprise (DE:TCS)
FRANKFURT:TCS
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.34Last Year’s EPS
1.19Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized broad and accelerating commercial momentum—record bookings (~$7.4B, +~46%), strong revenue growth (+39% to $797M), expanding ARR and NRR, and meaningful AI and international traction. Management also laid out ambitious 2026 guidance (27%–30% revenue growth) and 2028 targets (~$6B revenue, 28% adjusted EBITDA margin). Near‑term challenges include tariff impacts, product‑mix margin volatility, inventory and collection timing that reduced free cash flow conversion in 2025, and elevated investments that increased operating expenses. Regulatory/privacy risks and some timing variability from large deals were called out as risks. On balance, the positives—accelerating bookings, software/AI adoption, international expansion, and clear long‑term targets—outweigh the near‑term and operational headwinds.Company Guidance
Record bookings acceleration
2025 full-year bookings reached ~$7.4 billion, up ~46% year‑over‑year; Q4 bookings accelerated >50% year‑over‑year. Management cited bookings as a leading indicator and expects sustained demand into 2026.
Strong revenue growth across the business
Q4 revenue was $797 million, up 39% year‑over‑year; this marked the eighth consecutive quarter and fourth year in a row with >30% growth.
Software & ARR momentum (including AI products)
Software and Services grew 40% year‑over‑year to $343 million; ARR grew 35% year‑over‑year to >$1.3 billion; net revenue retention expanded to 125% in the quarter. New product bookings (AI and Fusus) totaled >$1 billion (nearly 3x 2024) and the AI Era Plan accounted for ~ $750 million in bookings (~10% of total bookings).
Hardware and connected devices strength
Connected Devices revenue grew 38% year‑over‑year to $454 million. TASER revenue was $264 million (+32%); Personal Sensors $109 million (+28%); Platform Solutions $81 million (+81%) in the quarter. Management highlighted continued hardware innovation (TASER 10, Body 4, Axon Body Mini).
Profitability and cash generation progress
Adjusted EBITDA grew 46% year‑over‑year to $206 million in Q4 (adjusted EBITDA margin 25.9%). Management reported delivering over $700 million of EBITDA for 2025 and targets sustained adjusted EBITDA margin of ~25.5% for 2026 and ~28% by 2028.
Geographic and market expansion
Bookings in new & emerging markets (outside U.S. state/local) surpassed $2 billion; international bookings exceeded $1 billion for the first time, including multiple large European cloud deals and record international corrections & justice wins.
Strategic M&A and balance sheet actions
Closed acquisition of Prepared in Q4 and completed Carbyne acquisition in February; redeemed outstanding convertible notes to limit dilution and updated capital structure to support growth.
Product impact and mission progress
Company reported nearly 0.5 million VR training sessions in 2025; stored >60 million hours of body-camera footage on Body 3/4 in the last year; Axon Assistant live in >500 agencies generating >200,000 monthly messages; Fusus powers >1 million monthly live streams and >300,000 community cameras. Management cited anecdotal evidence of reduced officer-involved shootings and TASER 10 life‑saving instances.
Forward targets and long-term model
2026 guidance: revenue growth of 27%–30% and adjusted EBITDA margin ~25.5%. 2028 targets: revenue of ~ $6 billion (more than double current) and adjusted EBITDA margin of ~28% (implying ~250 bps expansion); Rule of 40 expected to remain ~55%+.
DE:TCS Earnings History
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
DE:TCS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | €363.10 | €438.40 | +20.74% |
Nov 04, 2025 | €615.00 | €550.00 | -10.57% |
Aug 04, 2025 | €637.40 | €755.00 | +18.45% |
May 07, 2025 | €526.00 | €617.40 | +17.38% |
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.
FAQ
When does Axon Enterprise (DE:TCS) report earnings?
Axon Enterprise (DE:TCS) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Axon Enterprise (DE:TCS) earnings time?
Axon Enterprise (DE:TCS) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Axon Enterprise stock?
The P/E ratio of Axon Enterprise is N/A.
What is DE:TCS EPS forecast?
DE:TCS EPS forecast for the fiscal quarter 2026 (Q1) is 1.34.
