PREVIEW:  AeroVironment shares dip with earnings on deck

AeroVironment

10/03/2026 18:19

** AeroVironment AVAV.O shares off 0.6% at $225.90 ahead of qtrly results due after the closing bell

** The defense technology provider is expected to report Q3 adj EPS of 69 cents on revenue of $475.6 mln, per LSEG data, vs yr-ago EPS of 30 cents and $167.6 mln in revenue

** Stock surged more than 20% on March 2 as iran conflict widened, only to reverse course and close down more than 17% after Raymond James analyst team led by Brian Gesuale pointed to AVAV's potential loss of exclusivity on $1.4 bln contract with U.S. Space Force's Satellite Communications Augmentation Resource (SCAR) program

** Axios reported in late Ferbuary the U.S. Army was purchasing the co's Switchblade drones for $186 mln

** AVAV has topped adj EPS estimates in four of past eight quarters, but has missed expectations in most recent two qtrs

** AVAV shares down 6.1% YTD vs 1.6% decline in Nasdaq Composite

** AVAV recently traded at 53.6 times fwd earnings, above its five-year avg of 47.5

(Reporting by Chuck Mikolajczak)

((charles.mikolajczak@tr.com; @chuckmik.bsky.social))