Axon Enterprise, Inc. earnings overview

AXON FY2026 Q1 · Calendar Q2 2026

Axon Enterprise, Inc.

Axon's Q1 FY2026 results signal that AI and counter-drone are transitioning from emerging categories to material growth drivers. Revenue of $807.3 million beat consensus by 3.4%, with AI bookings up 140% year-over-year and Dedrone bookings up 500%. Management raised full-year revenue growth guidance to 30-32%, supported by expanding adoption of the AI Era Plan across large agencies and a $40 million enterprise telecom deal that extends Axon's reach beyond public safety. The stock surged nearly 11% on the report with continued positive drift of roughly 14% afterward. The key tension to watch is whether the proactive inventory build can sustainably buffer memory-cost inflation and whether Dedrone's event-driven bookings convert to recurring infrastructure demand.