AeroVironment Sees 133% Q4 Revenue Jump to $641.6M, Sets $2.125B–2.225B FY2027 Target

AVAV

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2026-06-29

AeroVironment posted record fiscal Q4 revenue of $641.6 million, up 133% year-over-year, and full-year revenue hit $1.98 billion, up 141%, driven by acquisitions contributing $282.3 million. Net income rose to $63.2 million ($1.25 per share) and the company forecasts FY2027 revenue of $2.125–2.225 billion.

1. Record Fiscal Q4 and Annual Revenue

AeroVironment posted fourth-quarter revenue of $641.6 million, up 133% year-over-year, marking its highest quarterly sales to date. Full-year revenue reached $1.98 billion, a 141% increase driven by robust demand for defense technologies and recent acquisitions.

2. Earnings and Adjusted Metrics

Net income rose to $63.2 million ($1.25 per diluted share) from $16.7 million a year earlier, while adjusted earnings per share climbed to $1.84 from $1.61. Adjusted EBITDA more than doubled to $140.1 million, reflecting operational leverage on higher volumes.

3. Acquisition Impact and Margin Dynamics

Acquisitions of BlueHalo and Empirical Systems Aerospace contributed $282.3 million in quarterly revenue, expanding the company’s offerings. Gross margin narrowed to 32% from 36% due to a higher mix of service revenue and increased amortization costs.

4. FY2027 Financial Outlook

For fiscal 2027, the company forecasts revenue between $2.125 billion and $2.225 billion, adjusted EBITDA of $305 million to $325 million, and adjusted EPS of $3.02 to $3.34. GAAP earnings are projected at $0.16 to $0.48 per share, underscoring continued top-line growth expectations.