Drone maker AeroVironment rises as first-quarter results beat estimates

AeroVironment

10/09/2026 09:40

** Shares of drone maker AeroVironment AVAV.O rise 5.8% to $149 premarket
** Company reports first-quarter adj. EPS of 59 cents, above analysts estimates of 25 cents, according to LSEG-compiled data
** AeroVironment says results driven by increased product sales and higher service revenue
** AeroVironment reports first-quarter revenue of $480.5 million, above analysts' estimates of $456.2 million
** Company reaffirms FY27 revenue and profit forecast
** As of last close, stock down 41.8% YTD, and on track for yearly losses after four consecutive yearly gains   
     

 (Reporting by Darshan Kumar in Bengaluru)
 ((darshan.kumar@thomsonreuters.com))