Axon Enterprise posted record second-quarter 2026 revenue of $904 million, a 35% year-over-year increase that marks the tenth consecutive quarter of growth above 30%. Software and services revenue rose 36% to $398 million, while connected devices revenue grew 35% to $507 million, driven by Dedrone CounterDrone, Taser 10, and Axon Body 4. Platform solutions revenue surged 123% to $150 million, with Dedrone surpassing $100 million in quarterly revenue. The company raised its full-year revenue guidance to a range of 32% to 34%, up 200 basis points from the prior range, and reported annual recurring revenue of $1.6 billion, up 39%. Adjusted EBITDA reached $242 million, a 26.8% margin, though free cash flow was a negative $1 million due to inventory investments.
Axon Enterprise Inc.Record revenue and raised guidance indicate strong financial performance.
