Axon Enterprise
Connects TASER devices, cameras and drones with cloud software for public-safety operations.
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Profile
Sells TASER conducted-energy devices, cameras, drones and counter-drone systems alongside cloud software for digital evidence, reporting, records, real-time operations and emergency communications. Revenue combines device sales and warranties with recurring software subscriptions, largely serving U.S. public-safety agencies through integrated, multi-year plans.
Links TASER conducted-energy devices, body, fleet and fixed cameras, drones and counter-drone systems with cloud software for public safety. Axon Evidence stores and manages digital evidence; Draft One assists report writing; Axon Records supports agency workflows; Axon Fusus and Axon 911 extend the platform into real-time operations and emergency communications. Hardware sales, cartridges, accessories and warranties sit alongside recurring software subscriptions and implementation services.
Serves U.S. federal, state and local agencies, international governments, enterprises and consumers, with U.S. public safety remaining the core market. Multi-year plans connect device deployments and refreshes to cloud workflows, while Arizona facilities perform manufacturing, final assembly and testing. Demand and deployments depend on government budget and procurement cycles, privacy and data-security rules, and weapon, spectrum and export approvals.
Company facts
Categories
Key statistics
Year to date +6.7% · Average volume (30d) 836.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 6, 2026 | Morgan Stanley | Reiterate | Overweight | $600 | $640 |
| Aug 6, 2026 | Goldman Sachs | Reiterate | Buy | $535 | $715 |
| Aug 6, 2026 | Piper Sandler | Reiterate | Overweight | $724 | $732 |
| Aug 6, 2026 | Barclays | Reiterate | Overweight | $523 | $688 |
| Jul 13, 2026 | Piper Sandler | Reiterate | Overweight | $674 | $724 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $1.84 | $1.88 | +2.2% | $876.4M | $904.4M | +3.2% | −14.28% |
| Aug 4, 2026Q2 FY26 | $1.84 | $1.88 | +2.2% | $876.4M | $904.4M | +3.2% | +0.38% |
| May 6, 2026Q1 FY26 | $1.60 | $1.61 | +0.6% | $778.9M | $807.3M | +3.7% | +10.63% |
| Feb 24, 2026Q4 FY25 | $1.60 | $2.15 | +34.4% | $755.6M | $796.7M | +5.4% | +17.55% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $603.6M | $668.5M | $710.6M | $796.7M | $807.3M | $904.4M | |
| Gross profit | $365.7M | $403.7M | $427.3M | $461.3M | $477.3M | $546.4M | |
| Operating income | −$7.9M | $1.1M | −$2.1M | $10.0M | $29.2M | $46.8M | |
| Net income | $88.0M | $36.1M | −$2.2M | $3.0M | $169.3M | $29.4M | |
| Diluted EPS | $1.08 | $0.44 | −$0.03 | $0.03 | $2.05 | $0.36 | |
| Gross margin | 60.6% | 60.4% | 60.1% | 57.9% | 59.1% | 60.4% | |
| Operating margin | -1.3% | 0.2% | -0.3% | 1.3% | 3.6% | 5.2% |
Fiscal years (4-quarter sums)FY21 $863.4M · FY22 $1.19B · FY23 $1.56B · FY24 $2.08B · FY25 $2.78B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $692.5M · Total debt $1.83B · Total assets $7.48B · Shareholders' equity $3.67B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 80.60M · Float 75.98M · 94.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 8.33M | 10.34% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 5.13M | 6.36% | 13F | Aug 13, 2026 |
| State Street Corp | 3.89M | 4.82% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 3.68M | 4.57% | 13F | Aug 13, 2026 |
| Invesco Ltd. | 3.23M | 4.01% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Jeffrey C. Kunins | officer: CPO & CTO | −9,605 | $626.70 |
| Aug 7, 2026 | Patrick W. Smith | director, officer: CHIEF EXECUTIVE OFFICER | −10,000 | $548.90 |
| Jul 7, 2026 | Patrick W. Smith | director, officer: CHIEF EXECUTIVE OFFICER | −10,000 | $643.79 |
| Jun 29, 2026 | Patrick W. Smith | director, officer: CHIEF EXECUTIVE OFFICER | −10,000 | $500.00 |
| Jun 4, 2026 | Patrick W. Smith | director, officer: CHIEF EXECUTIVE OFFICER | −20,000 | $500.00 |
Peers
- Motorola Solutions
Broadest public-safety rival across cameras, DEM, RTOC, CAD/RMS, and NG-911.
- Tyler Technologies
Dominant US municipal CAD/RMS incumbent that Axon Records directly challenges.
- NiCE (ADR)
DEM and ECC analytics platform overlapping Axon Evidence and Axon 911.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Axon Enterprise | $601.00 | −0.05% | $48.42B | 249.0 | 67.0 | 15.0 | +35.3% |
| Motorola Solutions | $461.92 | −4.94% | $80.67B | 38.3 | 26.8 | 6.6 | +13.3% |
| Tyler Technologies | $379.74 | +0.48% | $15.48B | 50.1 | 26.4 | 6.4 | −6.1% |
| NiCE (ADR) | $108.17 | −0.68% | $6.38B | 15.8 | 9.2 | 2.0 | +7.7% |
| Median | 38.3 | 26.4 | 6.4 | +7.7% |