AXON · 10-Q · 2026Q2 · Full report
Contracted Demand Backlog
AXON ENTERPRISE, INC. · 2026-08-06 · Importance 56 · Surprise 24 · In source text
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 expects to recognize a portion of this balance over the next period and substantially recognize the remainder over the following ten years, although the filing’s percentage and near-term timeframe fields are incomplete. Management identified delayed deployments, budget appropriations, and contract cancellation clauses as risks to the timing and amount of future recognition.
Key facts
- Remaining performance obligations as of June 30, 2026: approximately $9.8 billion. source
- Contract assets, net as of June 30, 2026: $750,950 (in thousands). source
- During the six months ended June 30, 2026, we recognized revenue of $524.8 million from our beginning contract liabilities balance. source
- The change in operating assets and liabilities includes $35.3 million of deferred revenue. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +58.0% | During the six months ended June 30, 2026, we recognized revenue of $524.8 million from our beginning contract liabilities balance. |
| revenue | positive | committed | — | Remaining performance obligations as of June 30, 2026: approximately $9.8 billion. |