AeroVironment shares eye a recovery as record-breaking backlog and a 84% jump in adjusted EPS highlight the company's transition into a prime defense contractor.
AeroVironment reported record Q1 FY2027 revenue of $480.5 million, beating estimates, with a 37% YoY increase in funded backlog to $1.5 billion, driving bullish recovery sentiment.
AeroVironment reported record Q1 FY2027 revenue of $480.5 million, beating consensus estimates by 580 basis points. The company's funded backlog surged 37% year-over-year to $1.5 billion, signaling strong demand for its autonomous and counter-drone systems.
Growth is primarily driven by surging demand for autonomous systems and counter-drone technology, supported by a record $1.5 billion funded backlog.