Quarterly ResultMay 6, 2026, 04:21 PM
Axon Q1 Revenue $807M, Up 34%; Raises Full-Year Outlook
AI Summary
Axon Enterprise reported strong first-quarter 2026 financial results, with revenue increasing 34% year-over-year to $807 million, driven by robust demand across its product ecosystem, including significant growth in AI and counter-drone products. The company achieved a net income of $169 million and an Adjusted EBITDA of $202 million. Following this performance, Axon raised its full-year 2026 revenue growth outlook to 30-32% while maintaining its Adjusted EBITDA margin expectation of 25.5%. Axon also introduced several product innovations, including Axon Vision and Axon Guardian, expanding its reach into new customer segments.
Key Highlights
- Q1 2026 revenue reached $807 million, a 34% increase year-over-year.
- Software & Services revenue grew 35% to $355 million; AI products revenue surged over 700%.
- Connected Devices revenue increased 33% to $453 million, with counter-drone products up over 300%.
- Net income was $169 million (21.0% margin); Adjusted EBITDA was $202 million (25.0% margin).
- Annual recurring revenue (ARR) grew 35% to $1.5 billion; net revenue retention was 125%.
- Future contracted bookings increased 44% year-over-year to $14.3 billion.
- Raised full-year 2026 revenue growth outlook to 30-32% (from 27-30% previously).
- Maintained full-year 2026 Adjusted EBITDA margin outlook at 25.5%.