Feed - Buzzberg

21:00
May 06 ◎

AXON FY2026 Q1 Watch

Axon Enterprise, Inc. (AXON) FY2026 Q1 Earnings Call

ANDURIL AVAV MSFT ▾

Josh Isner

While Axon's federal and defense-related (DOW) business is showing renewed momentum, no specific mention of Anduril is made. The partnership is inferred from previous statements, not this call.

"We're seeing renewed interest in body cameras and tasers in federal law enforcement and We're seeing a lot of interest in D-drone. And then, of course, on the DOW side, we're also seeing some D-drone applicability there."

ANDURIL WATCH

Brittany Mahoney

D-Drone's explosive growth (500% bookings growth) is constrained by Axon's inability to scale up production fast enough to meet demand, explicitly stating they are 'limited by our actual ability to scale and get the product out the door'. — This indicates a temporary supply-side bottleneck. Competitor AeroVironment could exploit this gap if they can match demand with supply, while Axon's backlog builds.

"I would say right now we're more limited by our actual ability to scale and get the product out the door than we are by opportunity."

AVAV WATCH

Josh Isner

Enterprise growth is being driven by a $40M telecom deal for Fusus, highlighting that enterprise security is becoming a key driver of growth. — Axon's expansion into enterprise security puts them in direct competition with established players like Microsoft (Azure) in the physical security and video management space, and indicates that Axon is winning large contracts against them.

"In April, our team closed a $40 million opportunity with one of the largest telecom providers in the world, the deployment centers around FUSIS, which continues to garner interest and drive growth in this segment."

MSFT WATCH

MED

21:30
Feb 24 ◎

AXON FY2025 Q4 Watch

Axon Enterprise, Inc. (AXON) FY2025 Q4 Earnings Call

PREPARED CARBINE SKYDIO AURA GOOGL ▾

Josh

Axon acquired Prepared, a leading AI-powered 911 software company, to expand its real-time operations and connect its sensor network into dispatch centers. This gives Axon a foothold in the 911 PSAP market, which is a new customer segment.

"We're placing a bet on this technology, we're placing a bet on the leaders here, and specifically Michael Chime, CEO of Prepared."

PREPARED WATCH

Josh

Carbine, recently acquired by Axon, provides next-gen call handling infrastructure for 911 centers. Axon plans to combine Carbine with its FUSIS and Prepared offerings to win over PSAPs from legacy incumbent systems.

"Carbine has already proven and continues to prove that, you know, pound for pound, they can outperform on every metric that matters those incumbent systems."

CARBINE WATCH

Jeff

Axon's real-time operations strategy involves integrating with Skydio's drones for dispatch-first-responder capabilities, creating a comprehensive response ecosystem that strengthens Axon's platform.

"flow it right into DFR with Skydio and more"

SKYDIO WATCH

Rick Smith

Axon is leveraging its investment in Aura to understand retail security needs and expand its enterprise vertical with software that helps retailers manage cases, aligning with Axon's broader ecosystem strategy.

"we partner with Aura, which is one of our investment companies out of New Zealand, that basically runs a case management software similar to Evis.com for retailers"

AURA WATCH

Josh

Axon's AI Era plan, a new premium offering, generated ~$750M in bookings in its first full year, representing ~10% of total bookings, indicating faster-than-expected customer adoption of AI products. — This rapid adoption of AI-based offerings in a regulated industry signals a significant shift in how public safety customers are willing to pay for AI, potentially impacting AI budgets at large tech providers.

"in our first full year of selling the AI era plan, it accounted for approximately $750 million worth of bookings, or about 10% of the overall bookings total."

GOOGL WATCH

Rick Smith

Axon is building for a future where state and local agencies will gain drone mitigation powers, opening a new market for its D-Drone technology which is currently restricted to federal agencies. — If regulations loosen, Axon's full-stack sensor and mitigation network could dominate a new, large market for counter-drone security, displacing specialized point-solution vendors.

"today, state and local really can't mitigate drones directly, I think in a few years, they'll all get that capability."

DRNE WATCH

Brittany

Management has a very positive outlook, guiding to 27-30% revenue growth for 2026 and setting a 2028 target of ~$6B revenue (roughly doubling 2025). This is underpinned by record 2025 bookings of $7.4B, which provides strong visibility into future revenue, and confidence in continued AI product adoption.

"Our forecast for 2026 is revenue growth in the range of 27% to 30% year over year, which is the strongest outlook we have had heading into the year."

AXON WATCH

HIGH

Feed — Buzzberg