Axon Enterprise, Inc. (AXON) Earnings
Axon Enterprise, Inc. is expected to report next earnings on August 3, 2026 (in NaN days), with a consensus EPS estimate of $1.83. AXON has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +5.7% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $1.60 | $1.61 | +0.6% | $807M | +3.7% |
| Feb 24, 2026 | $1.60 | $2.15 | +34.4% | $797M | +5.4% |
| Nov 4, 2025 | $1.52 | $1.17 | -23.0% | $711M | +0.8% |
| May 7, 2025 | $1.27 | $1.41 | +11.0% | $604M | +2.9% |
| Feb 25, 2025 | $1.37 | $2.08 | +51.8% | $575M | +1.6% |
| Nov 7, 2024 | $1.20 | $1.45 | +20.8% | $544M | +3.6% |
| Feb 27, 2024 | $0.86 | $1.12 | +30.2% | $432M | +2.7% |
| Feb 28, 2023 | $0.50 | $0.70 | +40.0% | $336M | +9.9% |
| Aug 9, 2022 | $0.38 | $0.44 | +15.8% | $286M | +10.3% |
| Feb 24, 2022 | $0.16 | $0.46 | +187.5% | $218M | +7.4% |
| Nov 15, 2021 | $0.27 | $1.17 | +333.3% | $232M | +14.7% |
| Aug 5, 2021 | $0.22 | $0.38 | +72.7% | $219M | +24.9% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Rick emphasized the explosion of AI capabilities over the past year, including fax-on-assisting, chatbots, vehicle intelligence, smart detection, and Axon Gravity. Josh reported Q1 was the strongest first quarter in revenue, bookings, and new products, with AI bookings up 140% and D-Drone bookings up 500% year over year. Brittany noted revenue growth, software and services growth, strong net revenue retention, and ARR growth. They also discussed the integration of acquisitions like Fusys and D-Drone, and the momentum in various segments including enterprise and international.
Guidance
Raised revenue guidance for the year to a range of 30% to 32% growth. Still expect 25.5% adjusted EBITDA margins for the year, with operating leverage expected in the second half. Expect free cash flow conversion to improve meaningfully and deliver approximately $450 million of free cash flow for the full year in 2026. Stock-based compensation expense expected to be down from last year, with average annual dilution less than 2.5%.
Segment performance
Revenue was $807 million, up 34% year-over-year. Software and services increased 35% year-over-year to $355 million, with AI product revenue growing more than 700% year-over-year. Connected devices revenue grew 33% to $453 million, with platform solutions (including counter-drone hardware) up 95% year-over-year. International revenue was up over 100% year over year, representing 20% of revenue for the quarter. Future contracted bookings was up 44% year over year to $14.3 billion.
Risks & headwinds
No specific risks detailed in the provided transcript but mentioned that forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially as discussed in SEC filings.