Axon reported third-quarter revenue of about $909 million and adjusted earnings per share of $1.72, both below Wall Street expectations. The company disclosed a delay in a $30 million Federal Dedrone counter-drone deployment, which contributed to missing revenue forecasts. Following these results, a securities law investigation has been initiated to examine whether Axon misled investors about the timing and revenue impact of these deployments. Investors who suffered losses may be eligible to participate in legal actions to recover their investments.
Axon shares are trading at USD 314.00 on Pluang as of Nov 09, 2026 22:32 WIB, showing a modest 0.32% increase in one day. The stock's market capitalization stands at $25.49 billion, highlighting its significant presence in the industrials sector. Despite recent revenue misses and an ongoing securities investigation, Axon remains actively traded with a volume of 5,230,655 shares on the platform.
Axon Enterprise lowered its 2026 revenue forecast to $3.61-$3.63 billion on November 5, removing about $130 million due to delays in three Federal Dedrone counter-drone deployments. This revision followed an August 5 forecast increase to 32%-34% grow...
Axon Enterprise made its largest-ever investment by committing $1.2 billion to private drone maker Skydio, increasing its stake to 37% and becoming Skydio's exclusive public safety distributor in the U.S. and Canada. This move supports Axon's vision ...
Axon announced a $1.2 billion investment in Skydio, increasing its ownership stake by about 20% at a $5.2 billion valuation. This deal makes Axon the exclusive distributor of Skydio drones for public safety agencies in the U.S. and Canada, expanding ...
