Q1 26 EPS
$0.32
MISS 6.71%
Est. $0.34
Q1 26 Revenue
$454.7M
BEAT +4.06%
Est. $436.9M
vs S&P Since Q1 26
-55.8%
TRAILING MARKET
AVAV -42.2% vs S&P +13.6%
Market Reaction
Did AVAV Beat Earnings? Q1 2026 Results
AeroVironment delivered a tale of two metrics in fiscal Q1 2026, posting record quarterly revenue of $454.68 million, up 140% year-over-year and ahead of the $436.94 million consensus by 4.06%, while its $0.32 adjusted EPS fell short of the $0.34 est… Read more AeroVironment delivered a tale of two metrics in fiscal Q1 2026, posting record quarterly revenue of $454.68 million, up 140% year-over-year and ahead of the $436.94 million consensus by 4.06%, while its $0.32 adjusted EPS fell short of the $0.34 estimate by 6.71%, a divergence that tells the story of a company still absorbing a transformative acquisition. The May 2025 closing of the BlueHalo deal, which contributed $235.20 million in revenue and spawned an entirely new Space, Cyber and Directed Energy segment, drove the top-line surge but also unleashed $79.70 million in intangible amortization and purchase accounting charges, helping push the company to a GAAP operating loss of $69.27 million against operating income of $23.06 million a year earlier. Legacy organic revenue still grew 16% to $219.50 million, underscoring underlying business momentum. Management reaffirmed full-year FY26 revenue guidance of $1.90 billion to $2.00 billion and non-GAAP adjusted EBITDA of $300 million to $320 million, with margins expected to climb from 10–12% in Q1 to high-teens by the fourth quarter.
Key Takeaways
- • BlueHalo acquisition contributed $235.2 million of revenue in Q1 FY26
- • Legacy AeroVironment revenue of $219.5 million up 16% year-over-year
- • Higher product sales of $154.0 million and higher service revenue of $111.2 million year-over-year
- • Record first quarter funded backlog of $1.1 billion
- • Strong bookings of $399.0 million in Q1
AVAV YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
AVAV Revenue by Segment
With YoY comparisons, source: SEC Filings
“As we complete the first quarter of our new fiscal year, we are excited by the continued strength across both our Autonomous Systems and Space, Cyber and Directed Energy segments with record revenue and backlog. With a broad and diversified portfolio of solutions, we are confident in our ability to deliver best-in-class solutions that are aligned to our customers' highest priorities in all domains across air, land, sea, space and cyber.”
— Wahid Nawabi, Q1 2026 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% |