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”