On September 11, AeroVironment declined 5.06% in regular trading, trading at $138.65/share, with turnover of $187 million, retracing the prior session's sharp rally following its FY27Q1 earnings release.

The company reported FY27Q1 results after the close on September 9, posting adjusted EPS of $0.59 — beating the consensus estimate of $0.24 by 136%. Revenue reached a record $480.5 million, up from $454.7 million a year earlier and well above the $451.9 million expected. Quarterly orders totaled $700 million with a book-to-bill ratio of 1.4, while funded backlog hit a record $1.5 billion. The stock surged over 11% the following session as multiple analysts raised their price targets.

However, the company reaffirmed its FY27 full-year guidance with adjusted EPS of $3.02 to $3.34 and revenue of $2.125 billion to $2.225 billion. The EPS midpoint of approximately $3.18 fell slightly below the Street consensus of $3.23, prompting investors to take profits after the initial rally. UBS maintained a Neutral rating while modestly raising its target to $170, reflecting tempered enthusiasm despite the strong quarterly beat.

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