AeroVironment Q1 Fiscal 2027 Revenue Hits $480.5M as Drone Demand Drives Earnings Beat

AeroVironment reported first-quarter fiscal 2027 results on September 9, 2026, topping Wall Street expectations on both the top and bottom lines and sending shares up roughly 4%. The drone and defense technology company posted revenue of $480.5 million for the quarter ended August 1, 2026, beating analyst estimates by approximately $24.4 million. Non-GAAP earnings per share came in at $0.59, surpassing the consensus estimate by $0.34, well ahead of the $0.25 analysts had expected.

On a GAAP basis the company narrowed its first-quarter net loss compared with the year-earlier period, with the improvement driven by higher product sales and service revenue tied to robust drone demand. The result follows a strong run of outperformance: in the previous quarter, AeroVironment reported revenue of $641.6 million, up 133% year over year, sending the stock 19% higher in a single session.

Analysts going into the print had been cautious, forecasting roughly flat GAAP EPS year over year, but the beat on both revenue and adjusted earnings reinforced the bull case for continued growth in defense drone markets. Wall Street carries a consensus Strong Buy rating on the stock, with an average price target of $238.40 and a Street-high target of $330.