Loading...
•
Aug 02
AeroVironment Q1 2026 Earnings Report
AeroVironment reported its fiscal first quarter 2026 results, marked by significant revenue growth driven by the BlueHalo acquisition, despite a net loss due to increased expenses.
Key Takeaways
AeroVironment announced record first-quarter revenue of $454.7 million, a 140% increase year-over-year, largely due to the acquisition of BlueHalo. However, the company reported a net loss of $67.4 million, or $(1.44) per diluted share, primarily impacted by intangible amortization and acquisition-related expenses. Non-GAAP adjusted EBITDA increased to $56.6 million.
Record first quarter revenue of $454.7 million, up 140% year-over-year, significantly boosted by the BlueHalo acquisition.
Reported a net loss of $67.4 million, or $(1.44) per diluted share, primarily due to $79.7 million in intangible amortization and other non-cash purchase accounting expenses.
Non-GAAP adjusted EBITDA increased to $56.6 million from $37.2 million in the prior-year period.
Record first quarter backlog of $1.1 billion and bookings of $399.0 million, indicating strong future demand.
AeroVironment
AeroVironment
AeroVironment Revenue by Segment
Revenue by Segment
Autonomous Systems Revenue
CapyFin.comSpace, Cyber and Directed Energy Revenue
CapyFin.com Forward Guidance
For fiscal year 2026, AeroVironment maintains its revenue guidance between $1.9 billion and $2.0 billion, with an expected net loss between $(77) million and $(72) million. Non-GAAP adjusted EBITDA is projected to be between $300 million and $320 million, and non-GAAP earnings per diluted share between $3.60 and $3.70.
Positive Outlook
- Maintained strong revenue guidance for fiscal year 2026, indicating continued growth.
- Projected significant non-GAAP adjusted EBITDA of $300 million to $320 million for fiscal year 2026.
- Anticipated non-GAAP earnings per diluted share of $3.60 to $3.70 for fiscal year 2026.
- High visibility of 82% to the midpoint of fiscal year 2026 revenue guidance as of September 9, 2025.
- Confidence in delivering best-in-class solutions aligned with customer priorities across all domains.
Challenges Ahead
- Expected net loss for fiscal year 2026 between $(77) million and $(72) million.
- Forecasted loss per diluted share between $(1.63) and $(1.53) for fiscal year 2026.
- Guidance is subject to risks and uncertainties, including efficient integration of acquisitions.
- Potential for goodwill and other intangible asset impairments in the future.
- Reliance on sales to the U.S. government and availability of government funding.
Revenue & Expenses
Visualization of income flow from segment revenue to net income