Quarterly ResultAug 5, 2026, 04:22 PM
Axon Q2 Revenue $904M, up 35%; Raises Full-Year Outlook
AI Summary
Axon Enterprise, Inc. reported strong financial results for the second quarter of 2026, with revenue increasing 35% year-over-year to $904 million. The company saw robust growth across both its Software & Services and Connected Devices segments, with annual recurring revenue climbing 39% to $1.6 billion. Net income for the quarter was $29 million, and Adjusted EBITDA reached $242 million. Reflecting this performance and strong demand, Axon raised its full-year 2026 revenue growth outlook to a range of 32% to 34%.
Key Highlights
- Q2 2026 revenue reached $904 million, a 35% increase year-over-year.
- Annual recurring revenue grew 39% year-over-year to $1.6 billion.
- Software & Services revenue increased 36% year-over-year to $398 million.
- Connected Devices revenue grew 35% year-over-year to $507 million.
- Net income for Q2 2026 was $29 million, with diluted EPS of $0.36.
- Adjusted EBITDA for Q2 2026 was $242 million, representing a 26.8% margin.
- Future contracted bookings increased 41% year-over-year to $15.1 billion.
- Full-year 2026 revenue growth outlook raised to 32-34% from 30-32%.
Price Impact
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