Description

AeroVironment Is Not Just Switchblade — LOCUST Hits 100% Interception!

AeroVironment reported record fourth quarter and full fiscal year 2026 financial results, highlighted by strong revenue growth, expanding profitability, and an increased backlog. Fourth quarter revenue reached $642 million, marking 31% organic growth year-over-year and a 30% increase pro forma. Full fiscal year revenue was nearly $2 billion, ahead of recent guidance and aligned with prior year expectations, supported by bookings totaling $2.7 billion. Adjusted EBITDA for the fourth quarter was $140 million (22% margin), more than doubling from the prior year’s quarter, with full-year adjusted EBITDA at $286 million, exceeding guidance. Non-GAAP EPS was $3.31 for the year, above the higher end of guidance. The company’s Autonomous Systems segment, comprising 69% of full-year revenue, demonstrated robust growth, driven by products such as the Switchblade loitering munitions family, RedDragon one-way attack drones, and the Titan RF Counter-UAS systems. Key contract wins included a $117 million U.S.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

Want unlimited access to our reports? Purchase our $99 annual subscription!