Axon Enterprise reported Q3 2026 revenue of $909 million, falling short of analyst estimates by up to $29 million, and earnings per share below expectations. The company disclosed delays in three Federal Dedrone deployments worth $130 million in revenue, pushing them into 2027. Following this announcement, Axon's stock dropped about 18%, reflecting investor concerns over the delays and weaker financial results. A law firm has launched an investigation into possible securities law violations by Axon and its management, though no lawsuit has been filed yet.
Axon Enterprise trades at USD 298.58 on Pluang with a 1-day decline of 1.52% as of Nov 11, 2026 03:31 WIB. Despite the article noting an 18% drop after Q3 revenue misses and deployment delays, Pluang data shows a more moderate sell-off with 80% of order activity still on the buy side. The company’s market cap stands at $24.69 billion, reflecting sustained investor interest amid ongoing legal scrutiny.
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 mis...
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 ...
