AeroVironment, Inc. Q4 2026 Earnings Recap

AeroVironment’s shares surged nearly 20% following quarterly and full-year results that demonstrated stronger-than-expected revenue growth, expanded backlog, and higher adjusted EBITDA, driven by robust demand across multiple product lines and key contract awards.

Key Takeaways

• Fourth quarter revenue reached $642 million, marking a company record and reflecting 30% organic growth for both the quarter and full fiscal year.
• Adjusted EBITDA came in at $140 million, or 22% of revenue, showcasing profitability leverage with higher sales volume.
• Full year revenue was nearly $2 billion with bookings hitting $2.7 billion, while full year adjusted EBITDA of $286 million exceeded the upper end of recent guidance.
• Several new product launches and strategic acquisitions, including Blue Halo, nearly doubled company size and broadened capabilities in counter-UAS, space, and cyber technologies.
• Fiscal year 2027 guidance projects revenue between $2.13 billion and $2.23 billion and adjusted EBITDA between $305 million and $325 million, driven by expected contract wins and increased manufacturing capacity across drone platforms.