AeroVironment Q1 FY27: Record Revenue and Backlog, Loss Narrows Sharply
AVAV is trading near its 52-week low of $135.2 (5.0% above the low) on elevated volume (2.1× avg).
Summary
AeroVironment reported record Q1 FY27 revenue of $480.5M and record funded backlog of $1.5B, with a sharply narrower GAAP net loss of $5.1M. Non-GAAP EPS of $0.59 beat the prior year's $0.32, and full-year guidance was reaffirmed.
Key Events · Earnings and Guidance · AVAV
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Record Q1 Revenue and Backlog
Revenue of $480.5M, up 6% YoY, with funded backlog of $1.5B, up 37% YoY. Bookings of $0.7B produced a book-to-bill ratio of 1.4.
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Loss Narrows Sharply
GAAP net loss improved to $5.1M ($0.10/share) from $67.4M ($1.44/share) a year ago. Non-GAAP EPS of $0.59 beat the prior-year $0.32.
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Segment Divergence
Autonomous Systems revenue grew 21% to $346M, while Space, Cyber and Directed Energy fell 21% to $134.5M.
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FY27 Guidance Reaffirmed
Management reiterated revenue guidance of $2.125B-$2.225B and non-GAAP EPS of $3.02-$3.34, with 86% revenue visibility at the midpoint.
Analysis · AVAV · Manufacturing
AeroVironment delivered record first-quarter revenue of $480.5 million, up 6% year-over-year, and record funded backlog of $1.5 billion, up 37% year-over-year. The GAAP net loss narrowed dramatically to $5.1 million from $67.4 million a year ago, while non-GAAP EPS of $0.59 beat the prior-year $0.32. Management reaffirmed full-year guidance for revenue of $2.125-$2.225 billion and non-GAAP EPS of $3.02-$3.34. This matters because it shows the company is stabilizing after a brutal FY26 that included a $265 million net loss, a $241 million goodwill impairment, and material weaknesses in internal controls. The stock trades near its 52-week low, so evidence that demand is strong and losses are shrinking could shift sentiment. The SCDE segment remains a drag, with revenue down 21% year-over-year, but the Autonomous Systems segment grew 21% and drove the margin improvement.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30% of the 1973 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, AVAV was trading at $141.90 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $7.2B. The 52-week trading range was $135.20 to $417.86. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.