Here’s Why ClearBridge Growth Strategy Added Axon Enterprise (AXON) in Q2

Group 1: Market Overview - US equities experienced a significant rally in Q2 2025, with the S&P 500 returning 10.9% and the Russell Midcap Growth Index advancing 18.2% [1] - Growth stocks outperformed value counterparts across market caps, contributing to the strategy's outperformance of the benchmark [1] Group 2: ClearBridge Growth Strategy Performance - The strategy's outperformance was driven by strong performance in the "mid cap plus" segment and solid stock selection in IT, industrials, and financials [1] Group 3: Axon Enterprise, Inc. Overview - Axon Enterprise, Inc. (NASDAQ:AXON) reported a one-month return of -1.34% but gained 95.99% over the last 52 weeks, closing at $750.67 per share with a market capitalization of $58.93 billion on September 16, 2025 [2] - The company generated $669 million in revenue in Q2 2025, marking a 33% year-over-year increase and its 14th consecutive quarter of revenue growth exceeding 25% [4] Group 4: Strategic Positioning - Axon Enterprise, Inc. complements existing defense holdings like L3Harris Technologies, providing exposure to aerospace and public safety markets, with significant growth and margin expansion potential [3]