AeroVironment projects $2.125B-$2.225B FY2027 revenue while expanding manufacturing capacity (NASDAQ:AVAV)
AeroVironment said revenue more than doubled to $642 million and funded backlog rose 65% to $1.2 billion as it issued FY2027 guidance.
- On Monday, AeroVironment reported fourth-quarter revenue of nearly $642 million, more than doubling year-over-year results and surpassing analyst estimates. The drone manufacturer's stock surged 19% following the announcement.
- Recent acquisitions of BlueHalo and Empirical Systems Aerospace contributed over $282 million in quarterly revenue, while the funded backlog reached $1.2 billion as of April 30. These additions drove the record performance.
- Earnings of $1.84 per share beat analyst estimates of $1.46, driven by 133% revenue growth year-over-year. Profits netted over $63 million, a sharp increase from under $17 million in the prior year.
- Management projected fiscal 2027 revenue between $2.13 billion and $2.23 billion, with adjusted earnings per share expected to range from $3.02 to $3.34. This guidance reflects confidence in sustained momentum.
- Amid evolving global warfare fundamentals in Ukraine and Iran, Nawabi emphasized the firm is well-positioned to meet rising demand. The Defense Department's drone budget potentially topping $75 billion next year offers substantial long-term opportunity.
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AeroVironment skyrockets 15% as dronemaker capitalizes on defense spending surge
In this article AVAV Follow your favorite stocksCREATE FREE ACCOUNT AeroVironment shares skyrocketed 15% after the dronemaker easily blew past Wall Street’s fiscal fourth-quarter estimates, benefiting from U.S. plans to modernize the military and secure space. The Virginia-based defense company more than doubled revenue from a year ago to $642 million, while funded backlog jumped 65% to $1.2 billion. Revenue for autonomous systems totaled $492 …
AeroVironment's Robust Earnings Boost - PressReach
AeroVironment (NASDAQ:AVAV), a key player in the defense sector, recently reported a significant boost in its earnings, underscoring its robust performance in a competitive market. The company’s latest financial results reveal impressive growth, driven by increased demand for its advanced unmanned aerial vehicles (UAVs) and other defense-related technologies. The defense industry has witnessed a surge in demand for innovative technologies, and A…
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