Axon Enterprise Inc.Revenue beat and raised 2026 outlook despite EPS miss

Axon Enterprise reported second-quarter 2026 adjusted earnings of $1.88 per share, down 13.8% year over year and missing the Zacks Consensus Estimate of $1.89 by 0.5%. Total revenues rose 35.3% to $904.4 million, beating the consensus estimate of $868.4 million by 4.2%. The company's two segments, Connected Devices and Software & Services, both saw strong growth, with revenues up 34.6% and 36.2% respectively. Management raised its full-year revenue growth outlook to 32-34% from 30-32%, while maintaining an adjusted EBITDA margin target of approximately 25.5%. Shares have gained about 3% since the earnings report, outperforming the S&P 500, but estimates have trended downward over the past month.
Axon Enterprise Inc.Revenue beat and raised 2026 outlook despite EPS miss