AeroVironment Q1 Beats: Revenue Up 6%, EPS $0.59 vs $0.25 Estimate
AVAV is trading near its 52-week low of $135.2 (7.6% above the low) on elevated volume (2.5× avg).
Summary
AeroVironment's fiscal Q1 revenue rose 6% to $480.5M, beating the $456.2M consensus, while adjusted EPS of $0.59 crushed the $0.25 estimate. Gross margin improved to 26% on lower non-cash amortization and reduced operating expenses, narrowing the operating loss to $10.9M. Management reaffirmed FY2027 revenue guidance of $2.125B-$2.225B and introduced net income guidance of $10M-$27M with non-GAAP EPS of $3.02-$3.34. This follows a turbulent period marked by a $240.7M goodwill impairment, an $87.3M restatement, and securities class actions, making this clean beat a notable inflection. The stock trades at 41x forward earnings versus 51x three months ago, with a median price target of $229.50.
Updates
· Benzinga — Funded backlog rose 37% YoY to a record $1.5B, total backlog about $2.8B. The company won a $465M U.S. Army EHEL contract for LOCUST laser weapons and a $500M sole-source IDIQ for TITAN MS with an initial $80M award. Shares jumped 6.87% premarket to $150.47.
At the time of this announcement, AVAV was trading at $145.45 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $7.2B. The 52-week trading range was $135.20 to $417.86. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.