AXON ENTERPRISE, INC.

Axon Enterprise reported strong financial results for the second quarter and first half of 2026. Q2 net sales increased 35.2% to $904.4 million, driven by growth in both Connected Devices and Software and Services segments. Year-to-date net income significantly rose by 60.1% to $198.7 million, reflecting improved operating income. The company also made substantial strategic investments and redeemed its outstanding 2027 Notes.

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%.

Axon Enterprise, Inc. announced the appointment of Vivek Mohindra and Eiso Kant as independent directors to its Board of Directors, effective July 8, 2026. Mr. Mohindra will join the Audit and Compensation Committees, while Mr. Kant will serve as a non-voting observer on the Mergers & Acquisitions and Capital Structure Committee. Both directors will receive an initial restricted stock unit award valued at $260,000, annual restricted stock unit awards of $260,000, and annual cash compensation of $40,000, with Mr. Mohindra receiving additional retainers for his committee roles. Their initial terms will expire at the Company's 2027 annual meeting of stockholders.

Axon Enterprise, Inc. held its 2026 Annual Meeting of Shareholders on May 28, 2026, with approximately 90.5% of shares outstanding participating. Shareholders elected all nine director nominees for a one-year term. Additionally, the non-binding advisory vote to approve the compensation of the company's named executive officers was approved, and the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal year 2026 was ratified.

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.

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.

Matthew McBrady, a director at Axon Enterprise, Inc., informed the Board on April 6, 2026, that he will not stand for re-election at the upcoming 2026 Annual Meeting of Shareholders. He will continue to serve until his term concludes at the meeting. The company stated that his decision was not a result of any disagreement regarding the company's operations, policies, or practices. The Board acknowledged his significant contributions during his tenure.