AeroVironment Reports Record Q4 Revenue, Guides for FY27 Profitability After FY26 Loss
AVAV is trading near its 52-week low of $135.2 (8.7% above the low).
Summary
AeroVironment announced record Q4 and full-year FY26 revenue, but a significant GAAP net loss for FY26. The company provided FY27 guidance, projecting a return to GAAP net income and continued revenue growth.
Key Events · Earnings and Guidance · AVAV
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Record Q4 and Full-Year Revenue
AeroVironment reported record fourth-quarter fiscal 2026 revenue of $641.6 million, a 133% year-over-year increase, contributing to a record full fiscal year revenue of $1.98 billion, up 141% year-over-year, largely driven by recent acquisitions.
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Significant FY26 GAAP Net Loss
The company recorded a GAAP net loss of $(265.1) million, or $(5.40) per diluted share, for fiscal year 2026. This loss was primarily attributed to non-cash acquisition-related expenses and goodwill impairment, following the recent Q3 restatement.
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Positive FY27 Guidance for Profitability
AeroVironment initiated fiscal year 2027 guidance, forecasting revenue between $2.125 billion and $2.225 billion, and a return to GAAP net income of $8 million to $24 million, with diluted EPS between $0.16 and $0.48. This marks a projected return to profitability after the significant FY26 loss.
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Strong Backlog and Bookings
The company reported $2.7 billion in bookings for fiscal year 2026, achieving a book-to-bill ratio of 1.4. Funded backlog stood at $1.2 billion as of April 30, 2026, indicating strong future revenue visibility.
Analysis · AVAV · Manufacturing
This 8-K reports AeroVironment's fourth-quarter and full fiscal year 2026 results, alongside initial fiscal year 2027 guidance. This filing is highly important as it provides the first comprehensive financial update following the recent restatement of Q3 2026 financials, which revealed a significant understatement of net loss and material weakness in internal controls. While the company reported a substantial GAAP net loss for the full fiscal year 2026, the record Q4 revenue and the projection for a return to GAAP profitability in fiscal year 2027 are crucial signals for investors seeking stability and a clear path forward after recent accounting issues and director resignations.
At the time of this filing, AVAV was trading at $146.94 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $6.9B. The 52-week trading range was $135.20 to $417.86. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.