AeroVironment $AVAV secures a $405M international order for LOCUST X3 laser defense systems in the Middle East. The lasers are designed to stop small and midsize drones at a lower cost than missile interceptors, with firing capacity limited mainly by power and cooling.

AeroVironment reported earnings after the bell yesterday EPS: ~$0.59 (beat) Revenue: $480.5M (beat) Backlog: $1.5B (up ~37% YoY) $AVAV has added ~$850,000,000 in market cap this morning

AEROVIRONMENT $AVAV Q1’27 EARNINGS HIGHLIGHTS 🔹 Revenue: $480.5M (Est. $456M) 🟢; +6% YoY 🔹 Adj. EPS: $0.59 (Est. $0.25) 🟢; +84% YoY 🔹 Oper Income: -$10.9M (Est. -$31M) 🟢; improved from -$69.3M YoY 🔹 Funded Backlog: $1.5B; +37% YoY Affirms FY27 Guide: 🔹 Revenue: $2.1B-$2.2B (Est. $2.19B) 🟡 🔹 Adj. EPS: $3.02-$3.34 (Est. $3.23) 🟡 🔹 EPS: $0.21-$0.53 (Est. $3.23) 🔴 🔹 Net Income: $10M-$27M 🔹 Adjusted EBITDA: $305M-$325M Segment Net Revenue: 🔹 AxS: $346.0M 🔹 SCDE: $134.5M Other Q1 Metrics: 🔹 Gross Margin: $124.6M; +31% YoY 🔹 Gross Margin: 26%; +500 bps YoY 🔹 Adjusted EBITDA: $53.4M; -6% YoY 🔹 Bookings: $0.7B 🔹 Book-to-Bill Ratio: 1.4 Comments: 🔸 “record first-quarter revenue and funded backlog and landmark strategic wins” 🔸 “our priority is expanding manufacturing capacity across our sites and strengthening our supply chain”

AEROVIRONMENT $AVAV JUST REPORTED Q4 EARNINGS Q4 actuals: - Revenue: $641.6M, a record, up 133% YoY - Adjusted EPS: $1.84 vs $1.46 est 🟢 - GAAP EPS: $1.25 - Adjusted EBITDA: $140.1M - Gross margin: 32%, down from 36% FY2027 guidance: - Revenue: $2.13B-$2.23B vs $2.17B est - Adjusted EBITDA: $305M-$325M vs $343.5M est 🔴 - Adjusted EPS: $3.02-$3.34 vs $3.94 est 🔴 - GAAP EPS: $0.16-$0.48 Record quarter on the back of the BlueHalo acquisition, but FY2027 profitability guidance landed below Wall Street.

$AVAV | Oppenheimer Initiates AeroVironment at Outperform with $205 PT on Counter-UAS Production Growth Oppenheimer stays bullish as counter-UAS production and defense funding drive long-term upside. @ripster47 | @TENETTRADEGROUP | @TenetCharts

$AVAV | Wedbush 𝐢𝐧𝐢𝐭𝐢𝐚𝐭𝐞𝐬 AeroVironment with 𝐎𝐮𝐭𝐩𝐞𝐫𝐟𝐨𝐫𝐦, sets 𝐏𝐓 𝐭𝐨 $𝟐𝟓𝟎 Analyst sees AVAV as an undervalued, combat-proven leader in autonomous warfare, with recent negative events creating an attractive entry point.

$AVAV | Barclays 𝗶𝗻𝗶𝘁𝗶𝗮𝘁𝗲𝘀 coverage on 𝗔𝗲𝗿𝗼𝗩𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁, 𝗢𝘃𝗲𝗿𝘄𝗲𝗶𝗴𝗵𝘁, PT $𝟮𝟯𝟳