AeroVironment, Inc. Q1 2027 Earnings Recap

AV’s shares rose 4.4% after the company reported first-quarter revenue of $480 million and reaffirmed its fiscal 2027 revenue and adjusted EBITDA guidance. Record funded backlog and $683 million in bookings support the outlook, though the call’s opening remarks did not provide year-over-year revenue growth or margin detail.

Key Takeaways

• Revenue was $480 million, which management described as a first-quarter record; adjusted EBITDA was nearly $46 million.
• Bookings were $683 million, and funded backlog reached a record $1.5 billion—37% above the same period last year and up 25% from the prior quarter.
• Fiscal 2027 guidance was reaffirmed: revenue of $2.125 billion to $2.225 billion and adjusted EBITDA of $305 million to $325 million.
• Autonomous Systems contributed $346 million, or 72% of revenue; Space, Cyber and Directed Energy contributed $134.5 million, or 28%.
• The company highlighted a $117 million P550 award and a $51 million Switchblade 600 contract, alongside ongoing manufacturing-capacity expansion plans.