Highlights from the company's Q1 include $1.5 billion in funded backlog, up 37% year over year, and $2.8 billion in total backlog, providing clear visibility into the coming quarters.
AeroVironment scales LOCUST and other franchise programs as backlog and capacity investments support a back-half ramp-up and unchanged fiscal 2027 guidance.
AeroVironment (NASDAQ:AVAV) shares are up 6% to trade at $149.33 after the company reported fiscal first-quarter earnings and revenue that surpassed Wall Street's estimates.
On September 2, Jim Cramer told Mad Money viewers he was saying “not yet, not now” on AeroVironment (NASDAQ:AVAV | AVAV Price Prediction) because competition in its corner of defense was too strong.
AeroVironment (NASDAQ:AVAV | AVAV Price Prediction) stock is up 5% to $147.90 in early Thursday trading after the company reported fiscal Q1 2027 results and announced its first international commercial order for the LOCUST laser weapon system.
AeroVironment stock has come under intense pressure in the past few months, crashing from $417 in October last year to $140.80. That downtrend is now being tested after the company published a strong earnings report, demonstrating solid revenue and backlog growth.
Drone maker AeroVironment reported better-than-expected fiscal first-quarter numbers on Wednesday.
AeroVironment remains a buy, supported by record Q1 revenue, strong bookings, and a $1.5 billion funded backlog. Q1 growth was concentrated in Autonomous Systems, while Space, Cyber and Directed Energy posted declines and a segment loss. FY27 guidance is unchanged, but execution risk is elevated as profitability depends heavily on second-half performance.
AeroVironment, Inc. (AVAV) Q1 2027 Earnings Call Transcript
AeroVironment NASDAQ: AVAV reported record first-quarter fiscal 2027 revenue and funded backlog, while reaffirming its full-year outlook as it expands production capacity for uncrewed systems, loitering munitions and counter-drone technologies.
The headline numbers for AeroVironment (AVAV) give insight into how the company performed in the quarter ended July 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
AeroVironment (AVAV) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.32 per share a year ago.