Live: Will AeroVironment (AVAV) Beat Q3 Earnings Tonight?

Here’s a final quote from AeroVironment’s CEO summarizing the company’s opportunities:

“Before turning the call over to Kevin, let me summarize with key following comments. While results were below expectations, we are extremely confident in the top line growth on several of our key programs and product lines in the fourth quarter and beyond, and are on track for a record fourth quarter and record fiscal year.

We’re focused on scaling manufacturing to meet rising demand on several of our product lines and high-growth markets. We recognize the one center generation opportunity we’re part of, and we will continue to drive results. The current conflict in Iran is a reminder that our country and our international allies rely on our defense, aerospace and space capabilities. AV’s innovative portfolio is very well positioned to meet this demand and support our country and our allies critical defense needs.

We’re confident that we are well positioned to deliver high priority multi-domain solutions due to our scalable manufacturing, differentiated technology and innovation and strong customer alignment, which enables us to meet our customers’ evolving needs. “

We’re 15 minutes into AeroVironment’s call and so far there’s been no movement. Shares are still down 10%.

AeroVironment CEO Wahid Nawabis tarted off today’s call by directly addressing their poor results relative to expectations in Q3.

Here’s what he had to say:

“This past quarter’s results came in below expectations, primarily driven by revenue timing and adjustments made in our space business. Given industry-wide delays in government funding, along with the shutdown, several orders we anticipated to receive in the third quarter have shifted to the right by a quarter or 2.

Recognizing we fell short on expectations this quarter, we are now more than ever focused on leveraging our unique operational and execution capabilities and driving long-term value creation. We have a track record of delivering strong results and our core strengths in product innovation, deep customer relationships and manufacturing scalability will enable us to capture increased demand in this high-growth market.

Strong order flow increased our funded backlog in the third quarter, which is positioning us for record fourth-quarter revenue and a solid start to our fiscal year 2027. “

AeroVironment’s conference call is starting now. We’ll provide updates from their call.

As we noted earlier, management has a lot to answer for tonight. Their comments could cause either a steeper drop or shares to recover much of today’s losses. 

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If you’re an AeroVironment investors, tonight’s 9% drop follows another earnings miss. The company has now missed four out of its last five earnings. That’s a troubling trend.

Yet, the company’s conference call starts in 5 minutes, so we’ll see if anythign management says could calm fears that have sent shares down after hours.

For example, could AeroVironment provide commentary looking ahead to Fiscal 2027 that points to significant improvement?

It’s worth noting that Wall Street expected $3.31 in adjusted EPS this year and AeroVironment’s guidance now calls for $2.75 to $3.10.

That poor guidance is another weight on the stock. Revenue guidance is also below Wall Street expectations of $1.963 for the year.

The headline figures for AVAV are:

• Revenue: $408 million
• Adjusted EPS of $.64

That’s a miss on both revenue and earnings.

Guidance calls for $1.9 billion with adjusted EPS of $2.75 to $3.10.

AVAV’s earnings are expected at 4:10 p.m. ET.

If you stay on this page live updates will post automatically. We will begin providing news and analysis the moment earnings are released.

AeroVironment shares are down 1.7% headed into earnings today. That’s notable since other drone plays are up today. For example, Ondas (ONDS) is up 5.2% in late trading.

Many ‘momenum’ stocks have been outperforming in today’s trading as oil prices continue falling after briefly hitting $120 per barrel on Sunday night.