AeroVironment
Builds uncrewed, precision-strike, counter-drone, space, directed-energy, and cyber defense systems.
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Profile
Develops uncrewed aircraft, Switchblade precision-strike systems, counter-drone systems, and ground robots, alongside space, directed-energy, electronic-warfare, and cyber capabilities. Revenue comes mainly from product sales and contract services for U.S. defense agencies and allied governments, across Autonomous Systems and Space, Cyber and Directed Energy.
Designs and delivers small and medium uncrewed aircraft, Switchblade loitering munitions, counter-drone and electronic-warfare systems, ground and maritime robots, and command-and-control software through Autonomous Systems. Space, Cyber and Directed Energy supplies satellite communications and space-qualified hardware, laser weapons, cyber operations, intelligence tools, and mission services, largely added with BlueHalo.
Links fielded systems to common control software and supports them with training, spares, repair, engineering, and customer-funded development. Customers are primarily U.S. defense and intelligence agencies and allied governments, with smaller commercial exposure and an international manufacturing footprint. Revenue and delivery depend on government budgets and awards, production capacity, specialized suppliers and cleared talent, and compliance with contracting and export-control rules.
Company facts
Key statistics
Year to date −42.3% · Average volume (30d) 1.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 16, 2026 | Raymond James | Upgrade | Strong Buy | Outperform | $348 | $210 |
| Jul 10, 2026 | Canaccord Genuity | Reiterate | Buy | $280 | $240 | |
| Jul 9, 2026 | Piper Sandler | Reiterate | Overweight | $391 | $235 | |
| Jul 9, 2026 | RBC Capital | Downgrade | Outperform | Sector Perform | $210 | $180 |
| Jul 1, 2026 | Jefferies | Reiterate | Buy | $390 | $229 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 29, 2026Q4 FY26 | $1.47 | $1.84 | +25.2% | $556.0M | $641.6M | +15.4% | +18.76% |
| Mar 10, 2026Q3 FY26 | $0.68 | $0.64 | −5.6% | $475.5M | $408.0M | −14.2% | −6.25% |
| Dec 9, 2025Q2 FY26 | $0.78 | $0.44 | −43.3% | $469.5M | $472.5M | +0.6% | −12.85% |
| Sep 9, 2025Q1 FY26 | $0.37 | $0.32 | −12.4% | $437.6M | $454.7M | +3.9% | +6.95% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $167.6M | $275.1M | $454.7M | $472.5M | $408.0M | $641.6M | |
| Gross profit | $63.2M | $104.6M | $95.1M | $82.0M | $69.6M | $253.9M | |
| Operating income | −$3.1M | $13.8M | −$69.3M | −$22.0M | −$20.8M | −$198.9M | |
| Net income | −$1.8M | $16.7M | −$67.4M | −$17.1M | −$156.6M | −$24.1M | |
| Diluted EPS | −$0.06 | $0.59 | −$2.39 | −$0.34 | −$3.15 | −$0.49 | |
| Gross margin | 37.7% | 38.0% | 20.9% | 17.4% | 17.1% | 39.6% | |
| Operating margin | -1.8% | 5.0% | -15.2% | -4.6% | -5.1% | -31.0% |
Fiscal years (4-quarter sums)FY22 $445.7M · FY23 $540.5M · FY24 $716.7M · FY25 $820.6M · FY26 $1.98B
Revenue by product · Q4 FY26
Revenue by geography · Q4 FY26
Balance sheet, Apr 30, 2026Cash & short-term investments $632.3M · Total debt $834.8M · Total assets $5.72B · Shareholders' equity $4.40B
Dividends
No dividends on record.
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 50.61M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Bluehalo Holdings Parent, LLC · 10 percent owner | 17.43M | 34.43% | Form 4 | May 8, 2025 |
| David Wodlinger · director | 17.43M | 34.43% | Form 4 | May 8, 2025 |
| Arlington Capital Partners V, L.P. | 6.73M | 13.50% | 13D | Jun 24, 2026 |
| BlackRock, Inc. | 3.48M | 6.88% | 13F | Aug 7, 2026 |
| State Street Corp | 2.19M | 4.33% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Stephen F. Page | director | −250 | $191.98 |
| Aug 14, 2026 | Brian Charles Shackley | officer: SVP, Chief Accounting Officer | −205 | $201.86 |
| Jul 15, 2026 | Stephen F. Page | director | −248 | $143.00 |
| Jul 15, 2026 | Brian Charles Shackley | officer: SVP, Chief Accounting Officer | −300 | $143.00 |
| Jun 15, 2026 | Stephen F. Page | director | −250 | $174.41 |
Peers
- L3Harris Technologies
Cross-domain prime for EW, C-UAS, space, and multi-domain comms systems.
- Lockheed Martin
Defense prime in directed energy, UAS integration, and precision strike systems.
- RTX
Raytheon-led C-UAS and directed energy prime with Coyote and space systems.
- Northrop Grumman
Defense prime with HALE UAS, space systems, and tactical EW capabilities.
- Elbit Systems
Israeli defense prime with SkyStriker loitering munitions and SkyLark UAS.
- Textron
UAS prime with Aerosonde and Shadow legacy for Group 2/3 Army programs.
- Kratos Defense & Security Solutions
Tactical jet drones, space software, and attritable UAS on price and speed.
- Teledyne Technologies
Sensor and nano-UAS provider with Black Hornet competing in Group 1 small-UAS.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| AeroVironment | $148.44 | +0.40% | $7.49B | — | 45.5 | 3.8 | +133.3% |
| L3Harris Technologies | $262.82 | +0.01% | $48.94B | 26.5 | 21.3 | 2.1 | +8.4% |
| Lockheed Martin | $564.08 | +0.07% | $130.13B | 20.8 | 17.9 | 1.7 | +10.5% |
| RTX | $212.00 | +0.13% | $285.33B | 37.3 | 28.8 | 3.1 | +14.5% |
| Northrop Grumman | $546.65 | +0.20% | $77.51B | 17.3 | 18.6 | 1.8 | +5.1% |
| Elbit Systems | $708.68 | −0.18% | $33.20B | 53.0 | — | 3.9 | +15.9% |
| Textron | $83.04 | +0.01% | $14.28B | 15.7 | 12.5 | 0.9 | +8.5% |
| Kratos Defense & Security Solutions | $52.02 | +0.02% | $9.75B | 305.2 | 54.5 | 6.4 | +30.5% |
| Teledyne Technologies | $621.96 | +0.02% | $28.83B | 30.0 | 24.4 | 4.5 | +9.8% |
| Median | 28.3 | 21.3 | 2.6 | +10.2% |