AeroVironment Inc ( AVAV ) reported second-quarter financial results for fiscal 2025 Wednesday after the bell. Here’s a look at the key metrics from the quarter.

Q2 Earnings: AeroVironment ( AVAV ) reported second-quarter revenue of $188.5 million, up from $180.8 million year-over-year, according to Benzinga Pro. The company reported adjusted earnings of 47 cents per share, down from adjusted earnings of 97 cents per share year-over-year.

Total revenue was up 4% year-over-year, reflecting higher product sales and service revenue. Income from operations was $7 million in the quarter, down from $25.2 million in the prior year’s quarter. The company said it had a funded backlog of $467.1 million as of Oct. 26, up from $400.2 million as of April 30.

"AeroVironment ( AVAV ) continues to deliver strong results, including record second-quarter revenue along with a healthy funded backlog that is 25% higher than the prior quarter. Key wins from our Loitering Munition Systems segment continue to drive growth for the company,” said Wahid Nawabi, chairman, president and CEO of AeroVironment ( AVAV ).

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Looking Ahead: AeroVironment ( AVAV ) continues to expect full-year 2025 revenue of $790 million to $820 million and full-year adjusted earnings of $3.18 to $3.49 per share.

"We expect our proposed acquisition of BlueHalo to further advance our growth opportunities with a highly complementary portfolio of products, customers and capabilities in key defense space and intelligence sectors and establish AeroVironment ( AVAV ) as the next generation defense technology company for our customers. We look forward to continued momentum beyond fiscal year 2025,” Nawabi said.

Management is currently discussing the quarter on a call with analysts and investors that started at 4:30 p.m. ET.

AVAV Price Action: AeroVironment ( AVAV ) shares were down 7.98% in after-hours, trading at $181.18 at the time of publication Wednesday, according to Benzinga Pro.