Overview

* Axon Q3 2025 revenue grows 31% yr/yr, beating analysts' expectations

* Company raises full-year revenue outlook to $2.74 bln

* Net loss of $2 mln reported, with non-GAAP net income of $98 mln

Outlook

* Company raises full-year revenue outlook to approximately $2.74 bln, up from $2.65-$2.73 bln

* Axon expects Q4 revenue between $750 mln and $755 mln, about 31% growth

* Company anticipates Q4 Adjusted EBITDA of $178 mln to $182 mln, 24% margin

Result Drivers

* SOFTWARE & SERVICES GROWTH - Revenue increased 41% due to premium software adoption and expanding user base

* CONNECTED DEVICES DEMAND - Revenue rose 24% with strong demand for TASER 10 and Axon Body 4

* ACQUISITIONS - Completed acquisitions of Prepared and Carbyne to enhance 911 call handling and dispatch workflows

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $710.64 $703.50

Revenue mln mln (16

Analysts

)

Q3 EPS -$0.03

Q3 Net -$2 mln

Income

Q3 $177 mln

Adjusted

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "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 ( AXON ) is $877.50, about 17.5% above its November 3 closing price of $724.10

* The stock recently traded at 94 times the next 12-month earnings vs. a P/E of 107 three months ago

Press Release:

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(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.)