Axon Q4 revenue rises 39%, beats expectations

Axon Enterprise

24/02/2026 21:19

Overview

Public safety tech firm's Q4 revenue grew 39% yr/yr, beating analyst expectations

Software & Services revenue grew 40% yr/yr, driven by premium software adoption

Net income decreased due to operating losses and strategic investments

Outlook

Axon expects 2026 revenue growth of 27% to 30%

Company targets $6 bln in annual revenue by 2028

Axon plans 2026 capital expenditures of $185 mln to $215 mln

Result Drivers

SOFTWARE & SERVICES GROWTH - Revenue rose 40% yr/yr, driven by new users and premium software adoption

CONNECTED DEVICES DEMAND - Revenue increased 38% yr/yr, fueled by TASER 10, Axon Body 4, and counter-drone solutions

Company press release: ID:nPn4C2hz6a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$797 mln
$755.40 mln (14 Analysts)
Q4 Net Income
$3 mln
Q4 Adjusted EBITDA
$206 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 2 "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 Axon Enterprise Inc is $800.00, about 88.9% above its February 23 closing price of $423.44

The stock recently traded at 56 times the next 12-month earnings vs. a P/E of 96 three months ago

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