AeroVironment shares climbed during premarket trading following the release of fourth-quarter earnings results that exceeded analyst forecasts on both profit and revenue metrics. The dronemaker reported earnings per share of $1.84, surpassing the consensus estimate of $1.46, while revenue reached $642 million compared to the expected $559 million.
The company’s autonomous systems segment delivered particularly strong results, generating $492 million in revenue against a StreetAccount expectation of $402 million. The funded backlog expanded to $1.2 billion, representing a 65% increase year-over-year, though it remained only slightly above the prior quarter’s $1.1 billion. Net income for the quarter reached $63.17 million, or $1.25 per share, compared to $16.66 million or 59 cents per share in the prior year period.
CEO Wahid Nawabi attributed the company’s positioning to increased global demand for drone technology, counter-drone systems, and space technology applications. He emphasized that recent international conflicts have accelerated the adoption timeline for unmanned systems, noting that both the U.S. military and allied nations are working to rapidly expand their drone capabilities and deployments.
Looking ahead, AeroVironment provided fiscal 2027 revenue guidance in the range of $2.13 billion to $2.23 billion, with adjusted earnings per share expected between $3.02 and $3.34. LSEG consensus estimates stood at $2.17 billion for revenue and $3.94 for adjusted earnings per share. Despite the positive earnings results, the company’s shares had declined more than 40% year-to-date as of the prior trading session’s close.
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