Companies /Industrials

Axon Enterprise Inc

NASDAQ: AXON Aerospace & Defense
$609.74
â–² $2.26 (+0.37%) today
Markets open · 12:50pm ET

Q2 2026 Earnings

Reported Aug 5, 2026, 4:12pm ET · SEC source
$1.88
Beat +1.96%
EPS · est. $1.84 Adjusted
$904.4M
Beat +3.19%
Revenue · est. $876.5M
3 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−12%−6%0+6%Aug 5Aug 6report 4:12pm ETearnings−0.3%−12.8%
−12%−6%0+6%Aug 5Aug 6earnings−0.3%−12.8%
AXON −12.8%S&P 500 −0.3%
−12%−6%0+6%Aug 5Aug 6report 4:12pm ETearnings−0.1%−12.8%
−12%−6%0+6%Aug 5Aug 6earnings−0.1%−12.8%
AXON −12.8%NASDAQ −0.1%
−6%0+6%+12%Aug 4Aug 13report 4:12pm ETearnings+0.9%+7.4%
−6%0+6%+12%Aug 4Aug 13earnings+0.9%+7.4%
AXON +7.4%S&P 500 +0.9%
−6%0+6%+12%Aug 4Aug 13report 4:12pm ETearnings+2.2%+7.4%
−6%0+6%+12%Aug 4Aug 13earnings+2.2%+7.4%
AXON +7.4%NASDAQ +2.2%
−14.28%
Day of report
+9.29%
Next session
+17.83%
One week

Did AXON Beat Earnings? Q2 2026 Results

Axon Enterprise delivered a strong second quarter, beating Wall Street expectations on both the top and bottom lines as accelerating demand for its AI and drone products powered broad-based growth. The company reported Q2 2026 revenue of $904.39 million, up 35.3% year over year and ahead of the $876.46 million consensus, while adjusted EPS of $1.88 edged past the $1.84 estimate by 1.96%. The clearest driver behind the outperformance was momentum across its platform, with Software and Services revenue climbing 36% to $397.84 million and Dedrone counter-drone revenue crossing $100 million, helping Platform Solutions grow 123% to $149.84 million. Investors had been closely watching whether Axon could sustain its high-growth trajectory and justify its premium valuation, and the quarter offered a clear answer; future contracted bookings grew 41% to $15.10 billion, giving management enough confidence to raise its full-year 2026 revenue growth outlook to 32% to 34%, up from its prior 30% to 32% range, while holding Adjusted EBITDA margin guidance steady at approximately 25.5%.

Key Takeaways
  • AI Era Plan revenue grew nearly 700% year over year
  • Dedrone revenue surpassed $100 million
  • Platform Solutions revenue grew 123% year over year
  • Net revenue retention reached 126%
  • Annual recurring revenue grew 39% to $1.6 billion
  • Future contracted bookings grew 41% to $15.1 billion
  • Global tariff refunds of $47 million received in the quarter
  • Over 80% of customers deploy at least one integrated hardware-software solution

Forward Guidance & Outlook

Axon raised its full-year 2026 revenue growth outlook to 32%-34%, up from 30%-32% previously, supported by $15.1 billion in future contracted bookings and an expanding pipeline that supports greater than 30% growth in five-year normalized bookings year over year. The company maintains full-year 2026 Adjusted EBITDA margin guidance of approximately 25.5%. Full-year stock-based compensation expense is expected to be approximately $590 million to $620 million, and capital expenditures are expected to be $160 million to $190 million (excluding new headquarters costs).

AXON YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$300.0M$600.0M$900.0M$668.5M$904.4MRevenue$403.7M$546.4MGross Profit$1.1M$46.8MOperating Income$36.1M$29.4MNet Income
$0$300.0M$600.0M$900.0MRevenueGross ProfitOperating IncomeNet Income

AXON Revenue by Segment

Connected Devices$506.6M+34.6%
Software & Services$397.8M+36.2%
TASER$261.3M+20.9%
Platform Solutions$149.8M+122.6%
Personal Sensors$95.4M+2.8%

AXON Revenue by Geography

United States$742.3M+38.1%
Rest of World$162.1M+23.6%

Figures from SEC filings and company reports. Not investment advice.