AXON ENTERPRISE, INC. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Axon Enterprise delivered strong Q1 2026 revenue of $807.3M (+33.7% YoY) and net income of $169.3M (+92.4% YoY), though operating cash flow turned negative at -$31.5M and gross margin compressed slightly to 59.1%.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue surged 33.7% YoY to $807.3M in Q1 2026 from $603.6M in Q1 2025, reflecting continued strong demand across Axon's hardware and cloud-connected software segments. This growth rate significantly outpaces the prior year, underscoring the company's expanding market penetration in public safety technology.
Operating income improved dramatically to $29.2M in Q1 2026 from a loss of -$8.8M in Q1 2025, a 432.6% YoY improvement. This turnaround reflects operating leverage as revenue growth outpaced the combined increase in R&D (+25.1%) and SG&A (+15.9%) expenses.
Gross margin declined slightly to 59.1% from 60.6% in the prior year period, as cost of revenue grew 38.7% YoY — faster than revenue growth of 33.7%. This suggests some mix shift toward lower-margin hardware products or increased supply chain costs.
Revenue
$807.35M
++33.75% YoY
EPS (Basic)
$2.11
++85.09% YoY
Gross Margin
59.1%
-1.47% YoY
Operating Income
$29.24M
++432.57% YoY
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