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Axon Enterprise’s AI Surge — The AI Era Plan Expands Nearly 700%!

Axon Enterprise, Inc. reported a second quarter 2026 performance highlighting continued strong growth across its diverse product and service offerings, driven by both core and emerging sectors. Total revenue reached $904 million, marking a 35% increase year-over-year and sustaining over 30% growth for ten consecutive quarters. This growth was broad-based, supported by robust demand in Software & Services and Connected Devices segments. Software & Services revenue increased 36% to $398 million, with the Axon Evidence platform remaining central while newer software offerings such as real-time operations, productivity applications, AI Era Plan, counter-drone software, and Axon 911 contributed meaningfully. Notably, these newer services grew approximately 70% year-over-year, with the AI Era Plan expanding nearly 700%, reflecting early-stage growth potential. Annual recurring revenue stood at $1.6 billion with a net revenue retention rate of 126%, indicating strong customer retention and expansion.