On September 10, AeroVironment rose 6.21% in regular trading, trading at $149.13/share, with turnover of $277 million. The surge followed the company's FY27Q1 earnings release the prior evening, which dramatically exceeded market expectations and reversed the previous session's 5.07% decline driven by pre-earnings caution.
AeroVironment reported Q1 adjusted EPS of $0.59, crushing the consensus estimate of approximately $0.22-$0.30 by over 136%. Quarterly revenue reached a record $480.5 million, up 6% year-over-year, also surpassing the $452-$456 million expected by analysts. Net losses narrowed significantly, supported by improved gross margins and lower operating expenses. The company reaffirmed its FY27 full-year guidance, projecting adjusted EPS of $3.02-$3.34 and revenue of $2.125-$2.225 billion.
Notably, Q1 orders totaled $700 million with a book-to-bill ratio of 1.4, while funded backlog reached a record $1.5 billion. Recent contract wins — including a $464.8 million Army laser weapons deal, a $500 million counter-drone contract, and over $50 million in LOCUST international orders — underscore robust demand across the company's defense technology portfolio.
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