Earnings ·
AeroVironment reported first-quarter fiscal 2027 results ending August 1, 2026, with record revenue of $480.5 million…
AVAVAeroVironment Inc
AeroVironment reported first-quarter fiscal 2027 results ending August 1, 2026, with record revenue of $480.5 million, a 6% year-over-year increase driven by Autonomous Systems sales. Bookings totaled $0.7 billion with a book-to-bill ratio of 1.4, while funded backlog reached a record $1.5 billion, up 37% year-over-year. The company reported a GAAP net loss of $5.1 million ($0.10 per diluted share), significantly improved from the prior year's $67.4 million loss, aided by lower amortization and acquisition-related expenses. Non-GAAP adjusted EBITDA was $53.4 million, and non-GAAP EPS was $0.59. Management reaffirmed full-year fiscal 2027 revenue guidance of $2.125 billion to $2.225 billion and net income between $10 million and $27 million. AeroVironment is a defense technology company that develops and deploys autonomous systems, precision strike weapons, counter-UAS technologies, and space-based platforms for military customers.