AeroVironment Stock Skids After Q2 Earnings: Here's Why

Core Viewpoint - AeroVironment, Inc. reported mixed second-quarter earnings, with adjusted earnings per share (EPS) falling short of analyst expectations while revenue exceeded estimates [1][2]. Financial Performance - The company reported quarterly adjusted earnings of 44 cents per share, missing the consensus estimate of 78 cents [2]. - Quarterly revenue reached $472.51 million, surpassing the Street estimate of $468.48 million and significantly increasing from $188.46 million in the same period last year [2]. Management Commentary - CEO Wahid Nawabi highlighted the company's strong position, citing record second-quarter results, all-time high bookings, and long-term contract wins [3]. - The CEO emphasized the development of a portfolio of integrated capabilities and advanced technologies to meet market demand [3]. Future Outlook - AeroVironment revised its fiscal 2026 adjusted EPS guidance to a range of $3.40 to $3.55, below the previous analyst estimate of $3.64 [4]. - The company raised its fiscal revenue guidance to a range of $1.95 billion to $2 billion, aligning with the previous estimate of $2 billion [4]. - Following the earnings report, AeroVironment's stock price fell by 5.98% to $281.42 in extended trading [4].