Quarterly ResultMay 7, 2026, 06:09 AM
Axon Q1 Net Sales +33.7% to $807.3M; Net Income +92.4% to $169.3M
AI Summary
Axon Enterprise reported strong financial results for the first quarter ended March 31, 2026, with net sales increasing 33.7% to $807.3 million and net income soaring 92.4% to $169.3 million. Diluted EPS also saw a significant rise to $2.05. The company completed acquisitions contributing to a $524.7 million increase in goodwill and expanded its strategic investments, while also fully redeeming its outstanding 2027 Notes.
Key Highlights
- Net sales for Q1 2026 increased 33.7% to $807.3 million from $603.6 million in Q1 2025.
- Net income for Q1 2026 surged 92.4% to $169.3 million from $88.0 million in Q1 2025.
- Diluted EPS for Q1 2026 rose 89.8% to $2.05, up from $1.08 in Q1 2025.
- Goodwill increased by $524.7 million due to acquisitions, totaling $1,894.4 million.
- Strategic investments grew to $838.2 million, including $189.8 million in new equity interests.
- All remaining $81.1 million aggregate principal of 2027 Notes were redeemed and settled.
- Connected Devices segment revenue was $452.8 million, and Software and Services was $354.5 million.
- Net cash used in operating activities was $31.5 million, compared to $25.8 million provided in Q1 2025.
Price Impact
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