Axon Enterprise, Inc. Common Stock (AXON) Financials
Key financial figures for Axon Enterprise, Inc. Common Stock (Q3 2026).
Axon grew Q3 2026 revenue 28% to $909 million, but cut its full-year growth outlook to about 30% from 32%-34% after three Federal Dedrone deployments worth about $130 million moved out of 2026. Revenue was $909 million, up 28% from $711 million a year earlier, with Software & Services up 43% to $437 million and Connected Devices up 16% to $472 million. Platform Solutions rose 106% to $125 million, and management said an approximately $30 million Federal Dedrone deployment expected in the quarter slipped. Gross margin was 56.7% versus 60.1% a year earlier and adjusted gross margin was 59.2% versus 62.7%. Management attributed the decline to more counter-drone equipment in the mix, higher memory costs and scaling of new product categories. On the outlook: Q4 2026: revenue of $990 million to $1.01 billion and Adjusted EBITDA of $245 million to $250 million. Full-year 2026: revenue of about $3.61 billion to $3.63 billion (about 30% growth, versus prior guidance of 32% to 34%), excluding about $130 million from three Federal Dedrone deployments; Adjusted EBITDA of $924 million to $929 million (about 25.6% margin versus prior 25.5%); free cash flow of $350 million to $400 million (prior target $450 million); stock-based compensation of $570 million to $600 million (prior $590 million to $620 million); capital expenditures of $130 million to $150 million (prior $160 million to $190 million). Figures are for Q3 2026, as Axon Enterprise, Inc. reported them.
- Revenue
- $909M
- Net Income
- $57M
- EPS
- $0.70
- Total Assets
- $8.8B
- Operating Cash Flow
- $20M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $909M | $57M | $0.68 | 4.63% | -$19M |
| Q2 FY2026 | $904M | $29M | $0.36 | 5.17% | -$972K |
| Q1 FY2026 | $807M | $169M | $2.05 | 3.62% | -$55M |
| Q4 FY2025 | $797M | $3M | $0.03 | 1.26% | $155M |
| Q3 FY2025 | $711M | -$2M | -$0.03 | -0.3% | $33M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $2.8B | $125M | $1.51 | -2.23% | $75M |
| FY2024 | $2.1B | $377M | $4.80 | 2.81% | $330M |
| FY2023 | $1.6B | $176M | $2.33 | 10.22% | $130M |
Frequently asked questions
What was Axon Enterprise, Inc.'s revenue last quarter?
Axon Enterprise, Inc. reported revenue of $908.6 million for Q3 FY2026, up 27.8% from the same period a year earlier.
Is Axon Enterprise, Inc. profitable?
Yes. Axon Enterprise, Inc. reported net income of $57.0 million for Q3 FY2026, a net margin of 6.27% on revenue.
How has Axon Enterprise, Inc.'s margin trended?
Operating margin was 4.63% in Q3 FY2026, compared with -0.3% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Axon Enterprise, Inc. generate?
Axon Enterprise, Inc. generated free cash flow of -$18.9 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Axon Enterprise, Inc. Common Stock on SentiSense, with up to forty quarters and twenty fiscal years of history.