Overview

* AeroVironment ( AVAV ) fiscal Q1 revenue rises 140% yr/yr, beating analyst expectations

* Net loss of $67.4 mln due to increased amortization and acquisition expenses

* Record backlog of $1.1 bln

Outlook

* Company expects fiscal 2026 revenue between $1.9 bln and $2.0 bln

* AeroVironment ( AVAV ) forecasts fiscal 2026 net loss between $(77) mln and $(72) mln

* Company anticipates fiscal 2026 adjusted EBITDA between $300 mln and $320 mln

* AeroVironment ( AVAV ) projects fiscal 2026 non-GAAP EPS between $3.60 and $3.70

Result Drivers

* BLUEHALO ACQUISITION - Acquisition contributed $235.2 mln to revenue, boosting overall qtr results

* SEGMENT PERFORMANCE - Strong performance in Autonomous Systems and Space, Cyber and Directed Energy segments with record revenue and backlog

* GROSS MARGIN IMPACT - Gross margin affected by increased amortization and non-cash expenses from BlueHalo acquisition

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Beat $454.70 $439.50

Revenue mln mln (11

Analysts

)

Q1 Gross 21.0%

Margin

Q1 -$69.30

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "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 ( AVAV ) is $300.00, about 21% above its September 8 closing price of $236.91

* The stock recently traded at 62 times the next 12-month earnings vs. a P/E of 45 three months ago

Press Release:

(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.)