
• Reported GAAP EPS of $0.03 down -98.31% YoY • Reported revenue of $796.72M up 38.53% YoY • Axon expects 2026 revenue growth of 27% to 30% with an Adjusted EBITDA margin of 25.5%. Axon also targets 2028 annual revenue of approximately $6B and a 28% Adjusted EBITDA margin.
Bullish
Axon achieved robust revenue growth and record contracted bookings, expanded its AI-powered ecosystem with strong customer adoption, and introduced new products like Axon Body Mini and Axon 911.
Bearish
Axon faced gross margin compression due to tariffs and product mix, incurred an operating loss from increased headcount, and its non-GAAP measures have limited comparability.