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AeroVironment Surges 17% on Earnings Beat, Backlog Grows to $1.2 Billion

2026-06-29 21:46:39

AeroVironment stock surged 17% on Monday after the bell following fourth-quarter earnings that beat analyst expectations. The dronemaker reported earnings per share of $1.84, topping the consensus estimate of $1.46, while revenue more than doubled to $642 million versus expectations of $559 million.

The company's funded backlog reached $1.2 billion, up 65% year-over-year, signaling strong demand for its autonomous systems and counter-drone technologies. CEO Wahid Nawabi attributed the momentum to rising global demand for drones, counter-drones, and space technology.

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