AeroVironment (AVAV) Reports $408M FQ3 2026 Revenue and 143% Year-Over-Year Growth

Core Insights - AeroVironment Inc. reported FQ3 2026 revenue of $408.0 million, marking a 143% year-over-year increase, primarily driven by the acquisition of BlueHalo, which contributed $176.5 million to the total product and service revenue [1][3] - The Autonomous Systems segment generated $278.7 million in revenue, and the company has a record-funded backlog of $1.1 billion [1] Financial Performance - Despite increased sales, AeroVironment faced non-cash charges, including a $151.3 million goodwill impairment charge related to its Space reporting unit, leading to a loss from operations of $179.0 million for the quarter [2] - The gross margin decreased to 24% from 38% the previous year, attributed to a higher proportion of service revenue from BlueHalo and $43.9 million in intangible amortization and purchase accounting expenses [2] - The company reported a net loss of $156.6 million, or $3.15 per diluted share, for FQ3 [3] Future Outlook - AeroVironment updated its full-year fiscal 2026 guidance, projecting total revenue between $1.85 billion and $1.95 billion, supported by a strong book-to-bill ratio of 1.6 for the first nine months of the fiscal year [3] Company Overview - AeroVironment is a global defense technology leader that designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services both in the US and internationally, operating in two segments: Autonomous Systems; and Space, Cyber & Directed Energy [4]