AeroVironment Inc. reported surging fiscal fourth-quarter results, driven by strong global defense demand and major acquisitions that helped quarterly revenue scale to record highs.
- Fourth-quarter revenue skyrocketed 133% year-over-year to $641.6 million, propelled by strong defense demand.
- Adjusted quarterly earnings reached $1.84 per share, comfortably beating the consensus analyst estimate of $1.47 per share.
- The company's funded backlog climbed to $1.2 billion, up from $726.6 million as of April 30, 2025.
AeroVironment Inc. (AVAV) share price soared 20% after-hours on Monday after the defense contractor reported a substantial increase in fiscal fourth-quarter profit as revenue more than doubled, driven by heightened global demand for defense technologies.
The maker of unmanned aircraft and tactical missile systems recorded net income of $63.2 million, or $1.25 per share, for the quarter ended April 30. This marks a sharp climb from the $16.7 million, or $0.59 per share, reported during the same period last fiscal.
Excluding one-time items and non-cash purchase accounting costs, the company posted adjusted earnings of $1.84 per share for the quarter, surpassing analyst estimates of $1.47 per share as per data from Fiscal.ai.
Quarterly revenue stood at $641.6 million, an increase of 133% compared to the $275.1 million recorded in the prior year's fourth quarter. Analysts polled by Fiscal.ai were expecting revenue of $559.1 million.
The company attributed this surge to an increase of $256.7 million in product sales alongside a $109.8 million boost in service-related revenue. Strategic acquisitions, primarily BlueHalo and Empirical Systems Aerospace, played a foundational role, infusing $282.3 million into the quarter's top-line figure.
“AV is well-positioned to capture the rising global demand across lethal and non-lethal drones, counter-UAS, space and advanced technologies and deliver long-term shareholder value,” Chief Executive Officer Wahid Nawabi said in a press statement.
The company ended the quarter with a funded backlog of $1.2 billion, up from $726.6 million as of April 30, 2025.
AVAV Stock: FY27 Outlook And Guidance
Guidance came in lighter for FY27 than what analysts expected. For the new fiscal, the company expects adjusted earnings of $3.02 to $3.34 per share and revenue of $2.13 billion to $2.23 billion.
Analysts polled by Fiscal.ai are expecting full-year adjusted earnings of $4 a share on $2.18 billion in revenue.
AVAV Stock: Retail View
Retail sentiment on Stocktwits was ‘bullish’ with ‘high’ message volumes. Retail chatter surged 800% over the previous session, 42% over the past week and 350% over the past month.
AVAV stock has lost 42.5% year-to-date.
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