Q4 25 EPS
$1.61
BEAT +13.92%
Est. $1.41
Q4 25 Revenue
$275.1M
BEAT +13.33%
Est. $242.7M
vs S&P Since Q4 25
-50.8%
TRAILING MARKET
AVAV -28.7% vs S&P +22.1%
Full Year 2025 Results
FY 25 EPS
$3.28
BEAT +6.74%
Est. $3.07
FY 25 Revenue
$820.6M
BEAT +4.25%
Est. $787.2M
Market Reaction
Did AVAV Beat Earnings? Q4 2025 Results
AeroVironment closed fiscal Q4 2025 with a convincing beat on both the top and bottom lines, as the drone and munitions maker reported earnings per share of $1.61 against a consensus estimate of $1.39, a 15.83% positive surprise, while revenue of $27… Read more AeroVironment closed fiscal Q4 2025 with a convincing beat on both the top and bottom lines, as the drone and munitions maker reported earnings per share of $1.61 against a consensus estimate of $1.39, a 15.83% positive surprise, while revenue of $275.05 million topped expectations by 13.85% and rose 39.6% year-over-year. The primary engine behind those results was an 87% surge in Loitering Munition Systems revenue, with the Switchblade product line fueling record full-year bookings of $1.20 billion and driving unfunded backlog up 472% to $774.60 million. The strong operating performance, however, was partially offset by an $18.36 million goodwill impairment and $4.60 million in accelerated amortization tied to the Uncrewed Ground Vehicle unit, which together clipped GAAP EPS by $0.65. The transformational BlueHalo acquisition, which closed May 1, 2025, reshapes the company's scale entirely, with FY26 guidance reflecting the combined entity at $1.90 billion to $2.00 billion in revenue and non-GAAP EPS of $2.80 to $3.00, though investors have grown cautious about dilution from the $1.35 billion capital raise accompanying the deal.
Key Takeaways
- • 87% year-over-year growth in Loitering Munition Systems revenue driven by strong product sales
- • Record fiscal year bookings of $1.2 billion reflecting significantly higher demand
- • Higher product sales of $77.6 million driving Q4 revenue growth
- • Decrease in R&D expense of $10.2 million contributing to operating income improvement
- • Multiple Switchblade orders driving unfunded backlog growth of 472%
AVAV YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
AVAV Revenue by Segment
With YoY comparisons, source: SEC Filings
“AeroVironment finished out fiscal year 2025 with a remarkable fourth quarter, which included record revenue, significantly higher profits and a robust backlog nearly double that from fiscal year 2024. The investments we've consistently made in our multi-generational Uncrewed Systems and Loitering Munition Systems products coupled with our strong execution, continue to pay off, as evidenced by significantly higher demand and key strategic wins leading to a record $1.2 billion in total bookings throughout this fiscal year.”
— Wahid Nawabi, Q4 2025 Earnings Press Release
AVAV Earnings Trends
AVAV vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AVAV EPS Trend
Earnings per share: estimate vs actual
AVAV Revenue Trend
Quarterly revenue: estimate vs actual
AVAV Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $1.47 | $1.84 | +25.01% | $641.6M | +14.76% |
| FY Full Year | $2.87 | $3.31 | +15.27% | $1.98B | +4.14% |
| Q3 26 MISS | $0.69 | $0.64 | -7.39% | $408.0M | -14.21% |
| Q2 26 MISS | $0.79 | $0.44 | -44.23% | $472.5M | +1.48% |
| Q1 26 MISS | $0.34 | $0.32 | -6.71% | $454.7M | +4.06% |
| Q4 25 BEAT FY | $1.41 | $1.61 | +13.92% | $275.1M | +13.33% |
| FY Full Year | $3.07 | $3.28 | +6.74% | $820.6M | +4.25% |
| Q3 25 MISS | $0.66 | $0.30 | -54.77% | $167.6M | -18.78% |