AXON · 8-K · 20260805PR053363

Revenue Performance and Mix

AXON ENTERPRISE, INC. · 2026-08-05 · Importance 64 · Surprise 56 · No source text

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 Devices revenue increased 34.6% year over year and 11.9% sequentially to $506.6 million. Within Connected Devices, Platform Solutions revenue increased 122.6% year over year to $149.8 million, compared with $111.2 million sequentially and $67.3 million a year earlier. Annual recurring revenue grew 39% year over year to $1.639 billion, net revenue retention reached 126%, and future contracted bookings increased 41% to $15.1 billion.

Key facts

• Annual recurring revenue grew 39% year over year to $1.6 billion source
• Platform Solutions revenue grew 123% year over year to $150 million source
• Q2 2026 total revenue: $904 million, up 35% year over year source
• Connected Devices revenue increased 35% year over year to $507 million in Q2 2026 source
• Software & Services revenue grew 36% year over year to $398 million in Q2 2026 source
• Connected Devices revenue by table: $506,553 thousand for quarter ended June 30, 2026 source
• Q2 2026 total net sales from products: $506,553 thousand and net sales from services: $397,836 thousand source
• Dedrone revenue surpassed $100 million source

Impact estimates