AeroVironment (AVAV) FY Earnings Call Presentation

Company Overview - AeroVironment (AV) has a pro forma adjusted revenue of approximately $2 billion in FY26 [8] - The company's market capitalization is $8 billion as of May 31, 2025 [10] - AV has fielded over 42,000 platforms in demanding environments [7] - AV sells to over 100 countries [9] Strategic Positioning and Growth - AV's total addressable market exceeds $50 billion [23] - The U S DoD is pushing for $150 billion in additional spending [22, 26] - No single area is expected to contribute more than 30% of FY26 pro-forma revenue [30] Innovation and Technology - Nearly $3 billion has been invested in hardware and software over the past decade [21, 31] - AV has delivered over 40,000 units, continually refined through operational feedback [31] BlueHalo Acquisition - The acquisition of BlueHalo closed on May 1, 2025 [13] - The acquisition is expected to be accretive to Revenue, Adjusted EBITDA, and non-GAAP EPS in the first full year post-close [16] Cost Advantage - Ukraine has fired approximately $36 million worth of Switchblade 600 munitions to destroy over $2.5 billion worth of enemy equipment [67]