AeroVironment reported record fiscal first-quarter 2026 revenue of $454.7 million for the period ended August 2, 2025, a substantial 140% increase year-over-year. The BlueHalo acquisition, completed on May 1, 2025, contributed $235.2 million to the quarter's revenue, split between product and service sales.
The company's Autonomous Systems (AxS) segment recorded $285.3 million in revenue, while the Space, Cyber and Directed Energy (SCDE) segment generated $169.4 million. Despite the impressive top-line growth, AeroVironment reported a GAAP net loss of $(67.4) million, or $(1.44) per diluted share, primarily due to $74.9 million in intangible amortization and $23.7 million in deal and integration costs related to the BlueHalo acquisition.
Adjusted EBITDA for Q1 FY26 increased to $56.6 million from $37.2 million in Q1 FY25, and non-GAAP earnings per diluted share were $0.32. Funded backlog grew to $1.1 billion as of August 2, 2025, up from $726.6 million at April 30, 2025, with bookings of $399.0 million during the quarter.
AeroVironment reaffirmed its fiscal year 2026 guidance, projecting revenue between $1.9 billion and $2.0 billion, non-GAAP adjusted EBITDA between $300 million and $320 million, and non-GAAP earnings per diluted share between $3.60 and $3.70. The company has 82% visibility to the midpoint of its revenue guidance, underscoring confidence in its strategic direction and market position.
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