AXON · Industrials

AXON ENTERPRISE, INC.

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

10-Q · 2026-08-06

• Financing ActivitiesImportance 83 · Surprise 82
  Net cash used in financing activities was $122.6 million for the six months ended June 30, 2026, compared with $1.3 billion of financing cash provided in the prior-year period. Employee stock-award net settlements…
• Liquidity and Cash PositionImportance 81 · Surprise 64
  Cash and cash equivalents declined $603.4 million to $597.7 million at June 30, 2026, while available-for-sale investments declined $429.7 million to $75.7 million, reducing total cash and investments by $1.033 billion…
• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  On February 18, 2026, Axon acquired the remaining 89.3% interest in Carbyne, a cloud-native emergency communications and response platform, for approximately $551.7 million of cash paid and $563.2 million of…
• Strategic InvestmentsImportance 71 · Surprise 82
  Axon invested $189.8 million to acquire additional equity interests in an existing strategic investee and invested another $49.9 million in a separate strategic investee during the first six months of 2026. The company…
• Revenue Performance and MixImportance 69 · Surprise 64
  Axon’s six-month 2026 revenue increased across all reported offerings, with TASER revenue rising to $494.2 million from $411.7 million, Personal Sensors to $204.1 million from $181.2 million, Platform Solutions to…
• Geographic Revenue CommentaryImportance 69 · Surprise 64
  The United States remained Axon’s largest market, generating $1.389 billion, or approximately 81% of six-month 2026 revenue, compared with $1.067 billion in the prior-year period. Revenue from other countries increased…
• Operating Expense TrendsImportance 65 · Surprise 48
  Second-quarter operating expenses increased $94.9 million year over year, while six-month operating expenses increased $168.4 million, primarily because of higher headcount and investments in AI and other initiatives.…
• Outstanding IndebtednessImportance 64 · Surprise 42
  Axon had $1.750 billion of notes principal outstanding at June 30, 2026, consisting of $1.000 billion of 6.125% Senior Notes due 2030 and $750.0 million of 6.250% Senior Notes due 2033. The company redeemed or settled…
• Operating Income and MarginsImportance 63 · Surprise 64
  Six-month income from operations improved to $76.0 million from a $9.8 million operating loss, producing an operating margin of approximately 4.4% versus negative 0.8% in the prior-year period. Second-quarter operating…
• Trade Policy and TariffsImportance 59 · Surprise 60
  On February 20, 2026, the Supreme Court ruled that tariffs imposed under the International Emergency Economic Powers Act were unauthorized. Axon received $47.4 million of tariff refunds during the three months ended…
• Supply Chain and InventoryImportance 58 · Surprise 56
  Axon’s inventory increased to $486.6 million at June 30, 2026 from $341.8 million at December 31, 2025, an increase of approximately 42% in six months. Raw-material inventory rose to $214.9 million from $152.7 million,…
• Income Tax Rate ChangesImportance 57 · Surprise 64
  The second-quarter effective tax rate decreased to 10.0% from 192.9% in the prior-year quarter, while the tax provision increased to $3.3 million from a $75.0 million benefit. For the first six months, the effective…
• Contracted Demand BacklogImportance 56 · Surprise 24
  As of June 30, 2026, Axon reported approximately $9.8 billion of remaining performance obligations, including recognized contract liabilities and amounts to be invoiced and recognized in future periods. The company…
• Operating Cash Flow TrendsImportance 51 · Surprise 64
  Net cash used in operating activities improved to $11.4 million for the six months ended June 30, 2026, compared with $65.9 million used in the prior-year period. The 2026 operating cash outflow included $198.7 million…
• Gross Margin DriversImportance 49 · Surprise 32
  Second-quarter gross margin dollars increased $142.7 million year over year, while GAAP gross margin remained 60.4%; six-month gross margin declined to 59.8% from 60.5%. Adjusted gross margin decreased to 62.9% from…
• AI Technology AdoptionImportance 39 · Surprise 50
  Axon is integrating artificial intelligence across its hardware and software network, including evidence management, records management, real-time operations, emergency response, training, and productivity tools. The…
• Regulatory RiskImportance 37 · Surprise 42
  In May 2026, the Financial Accounting Standards Board issued ASU 2026-02, Environmental Credits and Environmental Credit Obligations (Topic 818). The standard establishes recognition, measurement, presentation, and…
• Product Launch and TransitionImportance 31 · Surprise 42
  Axon’s product portfolio includes TASER energy devices, cameras and sensors, drones and robotics, cloud-based evidence and records management, real-time operations software, emergency response systems, immersive…
• Capital ExpendituresImportance 25 · Surprise 6
  Axon spent $44.2 million on property and equipment during the six months ended June 30, 2026. Property and equipment purchases were included in total investing cash outflows of $465.8 million. Investing cash usage…

News · 2026-08-06

• Guidance / OutlookImportance 89 · Surprise 92
  Axon raised its full-year 2026 revenue growth outlook to 32%–34% following second-quarter demand across public safety, international, federal, and enterprise markets. Management maintained its adjusted EBITDA margin…
• Market Demand TrendsImportance 63 · Surprise 64
  Axon reported strong demand across public safety, international, federal, and enterprise markets, with analysts citing strong bookings and adoption of AI, drones, and dispatch software. Software and Services revenue…
• Products and TechnologyImportance 59 · Surprise 82
  Axon highlighted rapid adoption of new AI, counter-drone, and public-safety platform offerings. AI Era revenue grew nearly 700% year over year, supported by products including Draft One and Axon Assistant. The earnings…
• Outstanding IndebtednessImportance 40 · Surprise 42
  Axon redeemed its remaining 2027 Notes during the six months ended June 30, 2026. The debt redemption reduced the company’s outstanding convertible-note obligations. Third-party reporting also described Axon as…
• Acquisition / Partnership / DivestitureImportance 31 · Surprise 42
  Axon’s reported second-quarter filing coverage identified the strategic acquisitions of Carbyne and Prepared as part of its broader public-safety technology ecosystem expansion. The acquisitions support expansion into…
• Supply Chain ConstraintsImportance 26 · Surprise 24
  Third-party coverage identified higher memory costs and broader supply-chain issues as pressures on Axon's margins and cash generation. Increasing inventory was also cited as an investor concern after the quarter. Axon…
• Gross Margin DriversImportance 20 · Surprise 24
  Second-quarter gross margin declined year over year as Axon generated a higher mix of lower-margin professional services revenue. Investments to scale new product offerings also pressured margins during the quarter.…

8-K · 2026-08-05

• Market Demand TrendsImportance 84 · Surprise 74
  Axon reported robust demand from new and existing customers, with future contracted bookings up 41% year over year to $15.1 billion. Wins included two nine-figure agreements with major U.S. cities, including the…
• Products and TechnologyImportance 83 · Surprise 82
  Software & Services growth was driven by premium offerings including the AI Era Plan, Axon Fusus and Axon 911, while Connected Devices growth was driven by Dedrone, TASER 10 and Axon Body 4. AI Era revenue grew nearly…
• Guidance and OutlookImportance 80 · Surprise 68
  Axon raised its full-year 2026 revenue-growth outlook to 32%–34% from 30%–32% previously. The increased revenue guidance is supported by execution against $15.1 billion of future contracted bookings and a pipeline…
• Acquisition / Partnership / DivestitureImportance 78 · Surprise 74
  Business combinations, net of cash acquired, used $551.6 million in the first six months of 2026. Second-quarter cash used for business combinations was $1.9 million, compared with $3.8 million in the second quarter of…
• Capital Expenditure OutlookImportance 75 · Surprise 60
  Axon expects 2026 capital expenditures of $160 million to $190 million. The plan includes long-term R&D investment projects, capacity expansion, global facility build-outs and new product development costs. The…
• Geographic Market CommentaryImportance 75 · Surprise 64
  Axon said momentum was particularly strong in international markets, where bookings approximately tripled year over year. Enterprise bookings also approximately tripled, indicating expansion beyond the company’s…
• Working Capital ChangesImportance 69 · Surprise 64
  Receivables and contract assets consumed $256.9 million of cash in the first six months of 2026, including a $305.8 million use in the second quarter. Inventory consumed $145.1 million year to date, compared with $48.1…
• Revenue Performance and MixImportance 64 · Surprise 56
  Q2 2026 revenue increased 35% year over year to $904 million and 12.0% sequentially from $807 million. Software & Services revenue rose 36.2% year over year and 12.2% sequentially to $397.8 million, while Connected…
• Liquidity and Debt PositionImportance 64 · Surprise 56
  As of June 30, 2026, Axon held $685 million of cash, cash equivalents and short-term investments. Outstanding senior notes had $1.8 billion of principal, resulting in net debt of $1.1 billion, up $46 million…
• Supply Chain ConstraintsImportance 64 · Surprise 56
  Axon said it continued inventory investment to support customer demand, while free cash outflow was partially affected by that investment. Inventory was $486.6 million at June 30, 2026, compared with $341.8 million at…
• Operating Expense TrendsImportance 59 · Surprise 48
  Q2 SG&A expense increased 20.1% year over year to $291.0 million, or 32.2% of revenue, and included $71.0 million of stock-based compensation. R&D expense increased 28.4% year over year to $208.7 million, or 23.1% of…
• Financing ActivitiesImportance 58 · Surprise 42
  Axon received $100.5 million of net proceeds from an equity offering in the first six months of 2026, including $100.5 million in the second quarter. The company paid $140.2 million of income and payroll taxes for…
• Geographic Revenue ShiftImportance 54 · Surprise 40
  Q2 2026 United States revenue was $742.3 million, representing 82% of total revenue and increasing from $646.5 million sequentially. Revenue from other countries was $162.1 million, or 18% of total revenue, compared…
• Trade Policy and TariffsImportance 46 · Surprise 42
  Global tariff refunds supported Axon’s Q2 2026 gross-margin and operating-income performance. The company received $47 million in total cash tariff refunds, including $18 million related to expenses realized in 2025.…
• Operating Cash Flow TrendsImportance 45 · Surprise 64
  Net cash provided by operating activities was $20.1 million in the three months ended June 30, 2026, compared with cash used of $91.7 million in the prior-year quarter. Six-month operating cash flow was negative $11.4…
• Gross Margin DriversImportance 43 · Surprise 32
  Total gross margin was 60.4% in Q2 2026, flat year over year and up 130 basis points sequentially, while adjusted gross margin was 62.9%, down 40 basis points year over year and up 130 basis points sequentially. The…
• Customer DynamicsImportance 42 · Surprise 64
  Brookhaven Police Department deployed Drone as First Responder coverage across 96% of the city and reported a 53-second average drone response time. Connecting DFR with Axon Respond, Fusus and field cameras enabled the…
• Net Income and Tax ImpactImportance 38 · Surprise 40
  GAAP net income was $29.4 million, or a 3.3% margin, compared with $36.1 million and a 5.4% margin in Q2 2025. Non-GAAP net income declined to $155.5 million from $178.8 million, while non-GAAP margin fell to 17.2%…
• Investing ActivitiesImportance 32 · Surprise 6
  Axon purchased $302.8 million of investments in the first six months of 2026 and received $434.3 million from investment calls, maturities and sales. In the second quarter, investment purchases were $10.9 million and…
• Product Launch and TransitionImportance 31 · Surprise 42
  Axon Body Mini became generally available in June across the United States, Canada, the United Kingdom, the European Union, Australia and New Zealand. The device is designed for frontline enterprise workers and…

News · 2026-08-05

• Guidance / OutlookImportance 89 · Surprise 92
  Axon raised its full-year 2026 revenue growth outlook to 32%–34% following second-quarter demand across public safety, international, federal, and enterprise markets. Management maintained its adjusted EBITDA margin…
• Market Demand TrendsImportance 63 · Surprise 64
  Axon reported strong demand across public safety, international, federal, and enterprise markets, with analysts citing strong bookings and adoption of AI, drones, and dispatch software. Software and Services revenue…
• Products and TechnologyImportance 59 · Surprise 82
  Axon highlighted rapid adoption of new AI, counter-drone, and public-safety platform offerings. AI Era revenue grew nearly 700% year over year, supported by products including Draft One and Axon Assistant. The earnings…
• Revenue Performance and MixImportance 58 · Surprise 56
  Second-quarter revenue increased 35% year over year to $904.39 million from $668.54 million, marking Axon’s tenth consecutive quarter with growth above 30%. Software & Services revenue grew 36% to $398 million,…
• Net Income and ProfitabilityImportance 30 · Surprise 40
  Second-quarter net income decreased to $29.43 million from $36.12 million year over year despite revenue growth to $904.39 million. Six-month net income increased to $198.74 million from $124.10 million. Adjusted…
• Supply Chain ConstraintsImportance 26 · Surprise 24
  Third-party coverage identified higher memory costs and broader supply-chain issues as pressures on Axon's margins and cash generation. Increasing inventory was also cited as an investor concern after the quarter. Axon…
• Gross Margin DriversImportance 20 · Surprise 24
  Second-quarter gross margin declined year over year as Axon generated a higher mix of lower-margin professional services revenue. Investments to scale new product offerings also pressured margins during the quarter.…
• Geographic Market CommentaryImportance 20 · Surprise 24
  Axon described demand as broad-based across international, federal, and enterprise markets in addition to its core public-safety customer base. The company expanded its international presence and reported growth in…