AeroVironment IncAVAVEarnings & Financial Report
AeroVironment, Inc., also known as AV, is an American defense technology company headquartered in Arlington, Virginia that designs and manufactures autonomous systems, counter-UAS systems, and space systems. The company was founded in 1971 by Paul B. MacCready Jr., a designer of human-powered aircraft. The company provides the US Department of Defense and foreign militaries with small and medium-sized drones—notably the Raven, Switchblade, Wasp, and Puma. Through its acquisition of BlueHalo i...
Revenue
$454.7M
Gross Profit
$95.1M
Operating Profit
$-69.3M
Net Profit
$-67.4M
Gross Margin
20.9%
Operating Margin
-15.2%
Net Margin
-14.8%
YoY Growth
141.3%
EPS
$-1.44
AeroVironment Inc Q1 FY2026 Financial Summary
AeroVironment Inc reported revenue of $454.7M (up 141.3% YoY) for Q1 FY2026, with a net profit of $-67.4M (down 993.1% YoY) (-14.8% margin). Cost of goods sold was $359.6M, operating expenses totaled $164.4M.
Key Financial Metrics
| Total Revenue | $454.7M |
|---|---|
| Net Profit | $-67.4M |
| Gross Margin | 20.9% |
| Operating Margin | -15.2% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
AeroVironment Inc Q1 FY2026 revenue of $454.7M breaks down across 4 segments, led by Autonomous Systems Segment at $285.3M (62.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Autonomous Systems Segment | $285.3M | 62.8% |
| Cost Plus | $118.9M | 26.2% |
| TM | $36.8M | 8.1% |
| Contract Liability | $11.4M | 2.5% |
AeroVironment Inc Revenue by Segment — Quarterly Trend
AeroVironment Inc revenue by segment across the last 4 reported quarters, showing how each business line (such as Autonomous Systems Segment and Cost Plus) has evolved quarter over quarter.
| Segment | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Autonomous Systems Segment | — | $285.3M | — | — |
| Cost Plus | $95.8M | $118.9M | — | — |
| TM | $31.9M | $36.8M | — | — |
| Contract Liability | — | $11.4M | $318.0K | $1.7M |
AeroVironment Inc Annual Revenue by Year
AeroVironment Inc annual revenue history includes year-by-year totals (for example, 2025 revenue was $820.6M).
| Year | Annual Revenue |
|---|---|
| 2025 | $820.6M |
| 2024 | $716.7M |
| 2023 | $540.5M |
| 2022 | $445.7M |
AeroVironment Inc Quarterly Revenue & Net Profit History
AeroVironment Inc results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $472.5M | +181.9% | $-17.1M | -3.6% |
| Q1 FY2026 | $454.7M | +141.3% | $-67.4M | -14.8% |
| Q4 FY2025 | $275.1M | +39.6% | $16.7M | 6.1% |
| Q3 FY2025 | $167.6M | -10.2% | $-1.8M | -1.0% |
| Q2 FY2025 | $188.5M | +4.2% | $7.5M | 4.0% |
| Q1 FY2025 | $189.5M | +24.4% | $21.2M | 11.2% |
| Q4 FY2024 | $197.0M | +5.9% | $6.0M | 3.1% |
| Q3 FY2024 | $186.6M | +38.8% | $13.9M | 7.4% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $186.6M | $197.0M | $189.5M | $188.5M | $167.6M | $275.1M | $454.7M | $472.5M |
| YoY Growth | 38.8% | 5.9% | 24.4% | 4.2% | -10.2% | 39.6% | 141.3% | 181.9% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $980.3M | $1.02B | $999.2M | $1.02B | $1.05B | $1.12B | $5.62B | $5.64B |
| Liabilities | $167.3M | $193.1M | $153.6M | $160.7M | $187.1M | $234.1M | N/A | N/A |
| Equity | $813.0M | $822.7M | $845.5M | $858.4M | $861.1M | $886.5M | $4.43B | $4.42B |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $52.6M | $-11.7M | $28.4M | $-3.6M | $-25.8M | $-264000 | $-123.7M | $-45.1M |