AeroVironment-s Q2 revenue up 151%, slightly above estimates

AeroVironment

09/12/2025 21:24

Fixes possessive form in headline

Overview

Defense technology leader's fiscal Q2 revenue rose 151% yr/yr, slightly above analyst expectations

Company swung to an operating loss in fiscal Q2 due to increased non-cash purchase accounting  expenses

Fiscal Q2 gross margin fell to 22% from 39%, impacted by amortization expenses

Outlook

AeroVironment expects fiscal 2026 revenue between $1.95 bln and $2.0 bln

Company forecasts fiscal 2026 net loss between $38 mln and $30 mln

AeroVironment anticipates fiscal 2026 adjusted EBITDA of $300 mln to $320 mln

Result Drivers

BLUEHALO ACQUISITION - Significant revenue contribution from BlueHalo acquisition, adding $245.1 mln to Q2 results

RECORD BOOKINGS - Co reported all-time high bookings of $1.4 bln, indicating strong demand and future revenue potential

INCREASED EXPENSES - Operating loss impacted by $48.2 mln in intangible amortization and other acquisition-related expenses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$472.50 mln
$469.70 mln (12 Analysts)
Q2 Gross Margin
22%
Q2 Operating Loss
$30.20 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for AeroVironment Inc is $403.00, about 42.7% above its December 8 closing price of $282.47

The stock recently traded at 68 times the next 12-month earnings vs. a P/E of 63 three months ago

Press Release: ID:nBw5fMTbva

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)