AeroVironment (NASDAQ:AVAV) shares surged about 15% in early trading following the company's fiscal fourth-quarter results, as investors reacted to stronger-than-expected revenue and earnings, alongside a sharply higher backlog and upbeat defense demand outlook.
AeroVironment (NASDAQ:AVAV) reported Q4 revenue of $641.6 million, a 133% increase from $275.1 million a year earlier and well above Wall Street expectations of about $558 million.
The company attributed the jump to higher product and service revenue, as well as contributions from recent acquisitions, including BlueHalo and Empirical Systems Aerospace.
Adjusted non-GAAP earnings per diluted share came in at $1.84, compared with consensus estimates of $1.47. Net income for the quarter rose to $63.2 million, or $1.25 per diluted share, compared with $16.7 million, or $0.59 per diluted share, in the prior-year period.
AeroVironment (NASDAQ:AVAV) also reported total annual bookings of $2.7 billion, with a book-to-bill ratio of 1.4 for fiscal 2026. Funded backlog increased to $1.2 billion, up 65% year-over-year, which the company said reflects sustained demand across its autonomous systems and defense technology portfolio.
AeroVironment (NASDAQ:AVAV) reported Q4 revenue of $641.6 million, a 133% increase from $275.1 million a year earlier and well above Wall Street expectations of about $558 million.
The company attributed the jump to higher product and service revenue, as well as contributions from recent acquisitions, including BlueHalo and Empirical Systems Aerospace.
Adjusted non-GAAP earnings per diluted share came in at $1.84, compared with consensus estimates of $1.47. Net income for the quarter rose to $63.2 million, or $1.25 per diluted share, compared with $16.7 million, or $0.59 per diluted share, in the prior-year period.
AeroVironment (NASDAQ:AVAV) also reported total annual bookings of $2.7 billion, with a book-to-bill ratio of 1.4 for fiscal 2026. Funded backlog increased to $1.2 billion, up 65% year-over-year, which the company said reflects sustained demand across its autonomous systems and defense technology portfolio.
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