Axon Enterprise, Inc. — Q3 2026 Earnings Summary

Axon Enterprise reported record third-quarter 2026 revenue of $909 million, representing a 28% year-over-year increase driven by a 43% surge in Software & Services to $437 million. The company announced a strategic $1.2 billion investment in Skydio, raising its ownership stake to 37% and establishing an exclusive public safety distribution partnership in the U.S. and Canada. Net income turned positive at $57 million compared to a net loss in the prior year, while Adjusted EBITDA rose 33% to $236 million. Despite excluding approximately $130 million in delayed Federal Dedrone deployments, Axon expects full-year 2026 revenue growth of approximately 30% and projects fourth-quarter revenue between $990 million and $1.01 billion.