AeroVironment Inc a Buy After Its Latest Earnings Report?

AeroVironment’s fiscal 2026 fourth-quarter and full-year results triggered a sharp investor reaction, with the stock up more than 20% in after-hours trading early Tuesday morning. The drone and defense-systems specialist reported quarterly revenue of $641.6 million, up from $275 million a year earlier, as product sales rose to just under $499 million and contract services climbed to $142.7 million. GAAP net income surged to over $63 million, versus under $17 million in the prior year, while adjusted profit increased to $1.84 per share from $1.61. Analysts had expected roughly $557 million in revenue and $1.48 per share on an adjusted basis. Acquisitions helped drive performance: BlueHalo and Empirical Systems Aerospace (ESAero) contributed over $282 million in the quarter. Backlog at the end of April rose to $1.2 billion from under $727 million in 2025. For fiscal 2027, management forecast revenue between about $2.13 billion and just under $2.23 billion, with adjusted net income of $3.02 to $3.34 per share.