AeroVironment Q1 Beat with $1.5B Backlog Supports 2027 Guide
Sep 9, 2026, 5:15 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Robust Q1 beat, sizable backlog, and guided 2027 range above/broadly in line with consensus support upside price movement. Positive sentiment likely to persist into the earnings call, though execution of capacity expansion and long-cycle orders could cap upside if any delays surface.
AI summary
What happened, with direct paths to the underlying reporting
AVAV reported Q1 FY2027 revenue of $480.49 million with adjusted EPS of $0.59, topping estimates. Backlog totals $1.5 billion, and management guided fiscal 2027 revenue of $2.125–$2.225 billion and adjusted EPS of $3.02–$3.34. Executives highlighted expanding manufacturing capacity and stronger supply chains to meet rising demand for autonomous systems and related space, cyber, and directed-energy offerings.
Q1 revenue $480.49M vs $456.20M est; adjusted EPS $0.59 vs $0.24.
YoY revenue up 6%; Autonomous Systems $346M, Space/Cyber/Directed Energy $134.5M.
Backlog funded at $1.5B as of Aug 1; 2027 revenue guide $2.125B–$2.225B.
Stock up ~2.8% after hours; earnings call at 4:30 PM ET.
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