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Jan 31
AeroVironment Q3 2026 Earnings Report
AeroVironment Q3 2026 Earnings Report
Key Takeaways
AeroVironment reported a significant revenue increase of 143% year-over-year, largely driven by the BlueHalo acquisition. However, the company recorded a substantial net loss due to a $151.3 million goodwill impairment charge in its Space reporting unit following a stop-work order on the SCAR program. Despite this non-cash charge, the company saw record funded backlog and strong demand across its autonomous systems and defense platforms.
Revenue grew 143% to $408 million, significantly boosted by the acquisition of BlueHalo which contributed $176.5 million.
The company recognized a $151.3 million goodwill impairment charge related to its Space reporting unit after receiving a stop-work order from the Space Force.
Funded backlog reached a record $1.1 billion, supporting a positive outlook for the fourth quarter and fiscal year 2027.
Non-GAAP adjusted EBITDA more than doubled year-over-year to $44.5 million, reflecting improved operational scaling despite GAAP losses.
Revenue by Segment
Forward Guidance
AeroVironment updated its full-year fiscal 2026 guidance to reflect the impact of the BlueHalo acquisition and the recent Space business impairment.
Positive Outlook
- Expects record fourth quarter revenue.
- Full year revenue guidance of $1.85 billion to $1.95 billion.
- Non-GAAP adjusted EBITDA expected between $265 million and $285 million.
- Strong demand for unique solutions and robust order flow.
- Scaling manufacturing ahead of demand to improve time to market.
Challenges Ahead
- Projected full year GAAP net loss between $218 million and $201 million.
- Impact of $151.3 million goodwill impairment charge.
- Increased research and development and capital investments required for product commercialization.
- Revenue timing and adjustments in the Space business.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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