AeroVironment (AVAV)
Recap: Q3 FY26
Three Consecutive Guidance Cuts, a $151M Goodwill Write-Down, and a Loss-Making SCDE That Just Lost Its Anchor Program — The BlueHalo Bet Is Being Marked Down in Real Time
Recap: Q2 FY26
Record $3.5B in Awards Meets a Sequential EBITDA Decline and a Year That Now Rides Entirely on Q4 — The Demand Is Unquestionable, the Profitability Path Is Not
Recap: Q1 FY26
The First Combined Quarter Reveals a $2B Platform With a Split Personality — AxS Prints Money While SCDE Barely Breaks Even, but the 27% EPS Guide Raise and a $20B Pipeline Keep Us Constructive
Recap: Q4 FY25
The Record Quarter Was Delivered as Promised: LMS +87%, $1.2B in Bookings, and BlueHalo Closes to Create a $2B Defense Platform
Recap: Q3 FY25
Windstorms, the Ukraine Hangover, and Acquisition Noise Tank the Quarter — But a Record $764M Backlog Says the Demand Story Is Intact