Q1 26 EPS
$1.61
BEAT +0.80%
Est. $1.60
Q1 26 Revenue
$807.3M
BEAT +3.56%
Est. $779.6M
vs S&P Since Q1 26
+12.8%
BEATING MARKET
AXON +13.1% vs S&P +0.3%
Market Reaction
Did AXON Beat Earnings? Q1 2026 Results
Axon Enterprise kicked off fiscal 2026 with a strong beat on both the top and bottom lines, posting first-quarter revenue of $807.35 million, up 33.8% year over year and ahead of the $779.61 million consensus estimate by 3.56%. Non-GAAP earnings of $… Read more Axon Enterprise kicked off fiscal 2026 with a strong beat on both the top and bottom lines, posting first-quarter revenue of $807.35 million, up 33.8% year over year and ahead of the $779.61 million consensus estimate by 3.56%. Non-GAAP earnings of $1.61 per diluted share edged past the $1.60 analyst estimate, while GAAP net income nearly doubled to $169.31 million, supported by $189.01 million in investment-related gains. The primary growth engine was a potent combination of Software and Services momentum, where annual recurring revenue climbed 35% to $1.49 billion, and a dramatic acceleration in counter-drone hardware through Dedrone, which drove Platform Solutions revenue up 95% year over year to $111.22 million. AI-powered products also contributed meaningfully, with AI Era Plan revenue surging over 700% year over year. Management responded to the quarter's strength by raising full-year 2026 revenue growth guidance to 30% to 32%, up from a prior range of 27% to 30%, while maintaining an Adjusted EBITDA margin target of approximately 25.5%.
Key Takeaways
- • AI Era Plan product revenue up over 700% year over year
- • Counter-drone (Dedrone) product revenue up over 300% year over year
- • Strong demand for TASER 10 and Axon Body 4 deployments
- • Net revenue retention of 125% reflecting upsell of premium software
- • Annual recurring revenue of $1.5 billion, up 35% year over year
- • Future contracted bookings grew 44% year over year to $14.3 billion
- • Expansion into international, corrections, U.S. federal and enterprise markets
AXON YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
AXON Revenue by Segment
With YoY comparisons, source: SEC Filings
AXON Revenue by Geography
With YoY comparisons, source: SEC Filings
“Axon's customers are being asked to do more with greater transparency and higher expectations. We are breaking down information barriers and providing a secure, compliant foundation to help prevent harm, accelerate justice and protect life in the communities our customers serve.”
— Rick Smith, Q1 2026 Earnings Press Release
AXON Earnings Trends
AXON vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AXON EPS Trend
Earnings per share: estimate vs actual
AXON Revenue Trend
Quarterly revenue: estimate vs actual
AXON Quarterly Results
7 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | — | — | — | — |
| Q1 26 BEAT | $1.60 | $1.61 | +0.80% | $807.3M | +3.56% |
| Q4 25 BEAT FY | $1.60 | $2.15 | +34.56% | $796.7M | +5.49% |
| FY Full Year | $6.32 | $6.85 | +8.47% | $2.78B | +1.54% |
| Q3 25 MISS | $1.54 | $1.17 | -24.08% | $710.6M | +0.82% |
| Q2 25 BEAT | $1.46 | $2.12 | +45.02% | $668.5M | +4.30% |
| Q1 25 BEAT | $1.24 | $1.41 | +13.52% | $603.6M | +2.95% |
| Q4 22 BEAT FY | $0.51 | $0.70 | +37.25% | $336.1M | +9.90% |
| FY Full Year | — | $2.19 | — | $1.19B | — |