AeroVironment, Inc. designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments. The company supplies UAS, TMS, unmanned ground vehicle, and related services primarily to organizations within the U.S. Department of Defense, other federal agencies, and to international allied governments. It also designs, engineers, tools, and manufactures unmanned aerial and aircraft systems, including airborne platforms, payloads and payload integration, ground control systems, and ground support equipment and other items and services related to unmanned aircraft systems. In addition, the company offers small UAS products, including training, spare parts, product repair, product replacement, and the customer contracted operation. Further, it develops high-altitude pseudo-satellite UAS systems. AeroVironment, Inc. was incorporated in 1971 and is headquartered in Arlington, Virginia.

AeroVironment, Inc.

Key Points
Record revenue of $454.7 million for Q1 FY2026, up 140% year-over-year, primarily from the BlueHalo acquisition.
Gross margin fell sharply, with profit under pressure from high integration and amortization costs.
Funded backlog surged to $1.1 billion, signaling strong demand and high revenue visibility.
AeroVironment (NASDAQ:AVAV), a provider of unmanned systems and defense technologies, reported results for Q1 FY2026 on September 9, 2025. The headline news was a record quarterly revenue of $454.7 million for Q1 FY2026, driven largely by the recent BlueHalo acquisition. Profit margins were compressed by large non-cash amortization and integration expenses. Overall, the quarter showcased strong top-line growth and a significant backlog expansion, but profitability and cash flow were negatively affected by integration and acquisition costs.
Metric
Q1 FY2026(Three Months Ended Aug 2, 2025)
Q1 FY2025(Three Months Ended July 27, 2024)
Y/Y Change
EPS (Non-GAAP)
$0.32
$0.89
(64.0%)
Revenue (GAAP)
$454.7 million
$189.5 million
140.0%
Gross Margin
$95.1 million
$81.5 million
16.7 million
Adjusted EBITDA (Non-GAAP)
$56.6 million
$37.2 million
52.2% (rounded to one decimal place: 52.2%)
Funded Backlog (End of Period)
$1.1 billion
N/A
N/A
Business Overview and Strategic Priorities
AeroVironment is known for developing unmanned aircraft systems, robotic platforms, and defense technologies used by military and government customers. Its core strength lies in autonomous systems, including drones and related products like Switchblade loitering munitions. The BlueHalo acquisition immediately broadened AeroVironment’s focus into new areas such as directed energy (energy weapons), space technologies, cyber solutions, and advanced radio frequency (RF) and electronic warfare (EW) systems.
The company’s current strategy centers on innovation, integrating advanced technologies from BlueHalo, and meeting the evolving requirements of defense customers. Key performance drivers are its ability to win and scale large government contracts, continuous product development in areas such as artificial intelligence-enabled drones and electronic warfare, and the efficiency with which it integrates acquisitions and expands production capacity. Strong relationships with the U.S. Department of Defense and allied governments are also a cornerstone of AeroVironment’s business, guiding both growth and technology investment.
Quarterly Results and Developments
The quarter set a new revenue record primarily because of the BlueHalo acquisition, which closed on May 1, 2025. Legacy AeroVironment grew its organic revenue by 16%. The result reflected both acquisition-driven expansion and organic demand for the company's established unmanned systems.
Performance by business segment revealed most profit contribution continued to come from the Autonomous Systems area. That segment, which includes legacy drone and loitering munitions products as well as BlueHalo’s unmanned offerings, posted $285.3 million in revenue. The newly created Space, Cyber and Directed Energy segment brought in $169.4 million in revenue, but margins there lagged as integration continued. The revenue figure represents a sharp acceleration from the prior year. Management reported that these results meant “Record revenue of $454.7 million, up 140% year-over-year; legacy revenue of $219.5 million up 16% year-over-year”
Despite the revenue growth, gross margin dropped to 21% from 43% in the prior year, a significant decline. Management attributed this to high purchase accounting adjustments, $37.4 million in non-cash intangible amortization, and a much larger portion of service revenue, which tends to have lower profit margins than product sales. Operating expenses rose sharply as well, particularly selling, general and administrative costs associated with the acquisition and integration work, which were $97.5 million higher than last year. As a result, the company posted a loss from operations of $69.3 million, compared to a $23.1 million operating profit in Q1 FY2025.
Earnings per share on a non-GAAP basis dropped to $0.32, down 64% from $0.89 in Q1 FY2025. The decrease was due to both higher costs—especially amortization and acquisition charges—and dilution resulting from the increase in shares outstanding after the BlueHalo transaction. Adjusted EBITDA, which removes many of the acquisition-related charges, increased by over 50%, indicating some underlying improvement in core cash-generating ability when nonrecurring costs are excluded. Net cash outflow from operations was $123.7 million, compared to an inflow of $28.4 million in Q1 FY2025. The cash balance, however, rose sharply to $685.8 million as a result of financing tied to the BlueHalo deal.
The acquisition also transformed the company’s future business visibility. Funded backlog at the end of the period reached a record $1.1 billion, up from $726.6 million as of April 30, 2025. This reflects both the strong order book brought by BlueHalo and continued high demand for the company’s legacy unmanned systems portfolio. Bookings totaled $399 million. Management stated that, as of September 9, 2025, AeroVironment had “Visibility of 82% to the midpoint of the FY2026 revenue guidance range” This means a large part of the year’s projected revenue comes from orders already in hand, providing a measure of predictability for the next several quarters.
The company continued to invest in research and development (R&D), with R&D expenses rising to $33.1 million. This maintains AeroVironment’s longstanding focus on developing new technologies for defense customers. Among the newer offerings are the P550 unmanned aircraft system (an artificial intelligence-driven modular drone), the JUMP 20X (a vertical takeoff and landing drone), and Red Dragon (an autonomous, single-use drone). BlueHalo’s specialties in advanced RF, directed energy, and space-qualified electronics add significant new competencies, and management expects ongoing integration of these capabilities to open further market opportunities. Still, the cost and complexity of absorbing such a large acquisition have introduced execution risk, both operationally and financially.
The period also saw significant balance sheet changes. Total assets grew to $5.6 billion, up dramatically from $1.1 billion as of Q4 FY2025, mostly due to the addition of goodwill and intangibles from the BlueHalo transaction. Share count rose by 77% between April 30, 2025, and August 2, 2025, and long-term debt increased from $30.0 million as of April 30, 2025, to $725.7 million as of August 2, 2025. The capital raised provides flexibility but also brings a substantial increase in financial leverage and dilution for existing shareholders.
AVAV does not currently pay a dividend.
Looking Ahead: Outlook and Watchpoints
For FY2026, management maintained its previous revenue outlook of $1.9 billion to $2.0 billion. It projects continued losses, with a net loss of $77 million to $72 million for FY2026, and a loss per share of between $1.63 and $1.53. On an adjusted basis—removing non-cash and non-recurring expenses—management expects EBITDA in a range of $300 million to $320 million, and non-GAAP earnings per share of $3.60 to $3.70. The company stated that visibility to the revenue midpoint stood at 82% as of September 9, 2025. But actual profitability may remain pressured until integration costs and purchase accounting impacts begin to diminish.
Key areas for investors to monitor include the pace and effectiveness of integrating BlueHalo, control of operating and working capital expenses, and the conversion of the record backlog and bookings into profitable future revenue. Management flagged that intangible asset amortization will continue to weigh on reported earnings until those assets are fully written down over several years, and cash flow from operations will require careful management as receivables and inventories expand alongside the larger business. Defense-contract timing risks and strong competition from larger established players remain watchpoints. The scale of the recent acquisition means that AeroVironment’s performance over the next several quarters will be closely tied to its ability to deliver on the promise of its expanded technology portfolio while navigating higher operating complexity and integration challenges.
Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted.
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AeroVironment Revenue Jumps 140% in Q1

The following companies are expected to report earnings after hours on 09/09/2025. Visit our Earnings Calendar for a full list of expected earnings releases.
Oracle Corporation (ORCL)is reporting for the quarter ending August 31, 2025. The computer software company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.15. This value represents a 2.54% decrease compared to the same quarter last year. ORCL missed the consensus earnings per share in the 4th calendar quarter of 2024 by -2.54%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for ORCL is 44.91 vs. an industry ratio of 24.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Synopsys, Inc. (SNPS)is reporting for the quarter ending July 31, 2025. The computer software company's consensus earnings per share forecast from the 6 analysts that follow the stock is $2.76. This value represents a 8.66% increase compared to the same quarter last year. In the past year SNPS has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 7.92%. The days to cover, as reported in the 8/15/2025 short interest update, increased 171.83% from previous report on 7/31/2025. Zacks Investment Research reports that the 2025 Price to Earnings ratio for SNPS is 55.98 vs. an industry ratio of 24.70, implying that they will have a higher earnings growth than their competitors in the same industry.
AeroVironment, Inc. (AVAV)is reporting for the quarter ending July 31, 2025. The aerospace and defense company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.34. This value represents a 61.80% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2026 Price to Earnings ratio for AVAV is 73.35 vs. an industry ratio of 53.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Rubrik, Inc. (RBRK)is reporting for the quarter ending July 31, 2025. The internet software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.71. This value represents a 26.80% increase compared to the same quarter last year. RBRK missed the consensus earnings per share in the 3rd calendar quarter of 2024 by -1.04%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for RBRK is -37.79 vs. an industry ratio of 37.20.
GameStop Corporation (GME)is reporting for the quarter ending July 31, 2025. The gaming company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.19. This value represents a 1800.00% increase compared to the same quarter last year. In the past year GME and beat the expectations the other three quarters. Zacks Investment Research reports that the 2026 Price to Earnings ratio for GME is 30.96 vs. an industry ratio of 7.60, implying that they will have a higher earnings growth than their competitors in the same industry.
A-Mark Precious Metals, Inc. (AMRK)is reporting for the quarter ending June 30, 2025. The precious metals (jewelry) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.57. This value represents a 32.94% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for AMRK is 12.35 vs. an industry ratio of 12.40.
InnovAge Holding Corp. (INNV)is reporting for the quarter ending June 30, 2025. The medical services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.02. This value represents a 100.00% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 14 days. Zacks Investment Research reports that the 2025 Price to Earnings ratio for INNV is -16.79 vs. an industry ratio of 0.60.
Lands' End, Inc. (LE)is reporting for the quarter ending July 31, 2025. The consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.03. LE reported earnings of $-0.02 per share for the same quarter a year ago; representing a a increase of 50.00%.LE missed the consensus earnings per share in the 1st calendar quarter of 2025 by -1.72%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for LE is 23.34 vs. an industry ratio of 23.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Matrix Service Company (MTRX)is reporting for the quarter ending June 30, 2025. The oil field machinery & equipment company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.01. This value represents a 107.14% increase compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for MTRX is -22.98 vs. an industry ratio of 14.20.
Limoneira Co (LMNR)is reporting for the quarter ending July 31, 2025. The agriculture company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.13. This value represents a 62.86% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for LMNR is -46.24 vs. an industry ratio of -4.60.
Methode Electronics, Inc. (MEI)is reporting for the quarter ending July 31, 2025. The electrical connectors company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.40. This value represents a 29.03% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2026 Price to Earnings ratio for MEI is -8.73 vs. an industry ratio of 13.90.
Lakeland Industries, Inc. (LAKE)is reporting for the quarter ending July 31, 2025. The protection safety company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.04. This value represents a 78.95% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 15 days. Zacks Investment Research reports that the 2026 Price to Earnings ratio for LAKE is 83.33 vs. an industry ratio of -14.10, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

After-Hours Earnings Report for September 9, 2025 : ORCL, SNPS, AVAV, RBRK, GME, AMRK, INNV, LE, MTRX, LMNR, MEI, LAKE

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of AeroVironment, Inc. (Symbol: AVAV) entered into oversold territory, hitting an RSI reading of 25.9, after changing hands as low as $162.50 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 72.2. A bullish investor could look at AVAV's 25.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AVAV shares:
Looking at the chart above, AVAV's low point in its 52 week range is $91 per share, with $224 as the 52 week high point — that compares with a last trade of $163.28.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Oversold Conditions For AeroVironment (AVAV)

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Oracle Corp (Symbol: ORCL), where a total of 54,432 contracts have traded so far, representing approximately 5.4 million underlying shares. That amounts to about 53% of ORCL's average daily trading volume over the past month of 10.3 million shares. Especially high volume was seen for the $225 strike call option expiring September 05, 2025, with 3,023 contracts trading so far today, representing approximately 302,300 underlying shares of ORCL. Below is a chart showing ORCL's trailing twelve month trading history, with the $225 strike highlighted in orange:
AeroVironment, Inc. (Symbol: AVAV) saw options trading volume of 3,668 contracts, representing approximately 366,800 underlying shares or approximately 52% of AVAV's average daily trading volume over the past month, of 705,175 shares. Particularly high volume was seen for the $222.50 strike put option expiring September 05, 2025, with 244 contracts trading so far today, representing approximately 24,400 underlying shares of AVAV. Below is a chart showing AVAV's trailing twelve month trading history, with the $222.50 strike highlighted in orange:
And Super Group Ltd (Symbol: SGHC) options are showing a volume of 11,087 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 50.8% of SGHC's average daily trading volume over the past month, of 2.2 million shares. Particularly high volume was seen for the $10 strike call option expiring April 17, 2026, with 10,363 contracts trading so far today, representing approximately 1.0 million underlying shares of SGHC. Below is a chart showing SGHC's trailing twelve month trading history, with the $10 strike highlighted in orange:
For the various different available expirations for ORCL options, AVAV options, or SGHC options, visit StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy Thursday Option Activity: ORCL, AVAV, SGHC

Below is Validea's guru fundamental report for AEROVIRONMENT, INC. (AVAV). Of the 22 guru strategies we follow, AVAV rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
AEROVIRONMENT, INC. (AVAV) is a large-cap growth stock in the Aerospace & Defense industry. The rating using this strategy is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AEROVIRONMENT, INC.
More Information on Partha Mohanram
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

AVAV Quantitative Stock Analysis

Key Points
Joby Aviation continues to make progress toward commencing commercial operations.
Vertical Aerospace is an eVTOL company offers investors an interesting way to play the market, and it trades on a low market cap, suggesting a favorable risk/reward proposition.
The Ark Space Exploration & Innovation ETF continues to rocket higher.
Joby Aviation (NYSE: JOBY) was part of the boom in businesses that went public via a special purpose acquisition company (SPAC) in 2021. But unlike many of those names, the electric vertical take-off and landing (eVTOL) aircraft company has made investors money -- staging an epic recovery after a multiyear downswing. Joby is up a staggering 219.2% in the last year, at the time of this writing.
Investors who are interested in Joby Aviation may also want to consider Vertical Aerospace (NYSE: EVTL), as well as an exchange-traded fund (ETF) -- the Ark Space Exploration & Innovation ETF (NYSEMKT: ARKX). Here's why these two growth stocks and ETF could be worth a closer look now.
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Things have heated up this summer for Joby Aviation
Scott Levine (Joby Aviation): While Joby Aviation is still waiting for the final certifications from the FAA to start ferrying passengers back and forth with its electric air taxi service, it doesn't mean the company is sitting idle. Over the past couple of months, Joby has reported some notable news indicating that the company is working hard to hit the ground running when it receives the requisite FAA certification, making it an eVTOL stock that demands to be on the radar of any investor interested in gaining exposure to the nascent industry.
Most recently, Joby notched an aviation industry first when it completed an eVTOL flight between two U.S. public airports: Marina and Monterey, both of which are in California. Management lauded the accomplishment "a major step as part of Joby's commercial market readiness, highlighting key capabilities across safety, operations, air traffic control, and certification progress."
But there are even bigger developments that the upstart eVTOL company reported this summer. For one, Joby announced its plan to acquire the urban air mobility business of Blade Air Mobility. When the transaction closes (presumably in the next few weeks), Joby will gain immediate market access to infrastructure assets, as well as urban corridors in New York City and Southern Europe.
Diversifying beyond the civilian market, Joby announced a partnership with L3Harris to collaborate on developing hybrid eVTOL aircraft suited for defense applications. Should the partnership with L3Harris, a leading defense contractor, bring a defense aircraft to fruition, it will help Joby diversify its revenue base and mitigate the risk associated with the company's air taxi business.
For investors looking to land an eVTOL stock in their portfolios, Joby is a consideration they can't afford to ignore.
An interesting eVTOL stock you probably haven't heard of
Lee Samaha (Vertical Aerospace): As you can see in the chart, the British eVTOL company's market cap is a mere fraction of its U.S. peers' market cap.
Part of it comes down to Vertical Aerospace's short financial runway. According to CEO Stuart Simpson, "Our cash runway takes us into the middle of 2026 with our cash and cash equivalents as of today, approximately $139 million."
Another part of it is possibly the different regulatory path followed by Vertical Aerospace. The company is seeking certification for its aircraft with the U.K.'s Civil Aviation Authority and the European Union Aviation Safety Agency. After this, it will work on certification with the FAA and other regulators worldwide.
However, the good news is that the current capital position will enable the company to "begin the assembly of our next aircraft, our pre-production or certification aircraft, and continue to expand our certification aircraft supply chain." Vertical recently completed the first public-to-airport eVTOL flight by a commercially planned vehicle. It also has 1,500 preorders in place for its aircraft, including from American Airlines and Japan Airlines.
Vertical Aerospace will require capital to complete its aims, and there are no guarantees it will. Still, it offers an interesting option for investors looking to diversify eVTOL holdings, and potentially more upside due to its low valuation.
Shoot for the stars with this high-octane ETF
Daniel Foelber (Ark Space Exploration & Innovation ETF): The Ark Space Exploration & Innovation ETF has been on a tear -- up 36.2% year to date and 78% over the last year. According to Ark Invest's overview of the ETF: "The advisor defines 'Space Exploration' as leading, enabling, or benefiting from technologically enabled products and/or services that occur beyond the surface of the Earth, including autonomous mobility, intelligent devices, advanced battery technologies, 3D printing, reusable rockets, adaptive robotics, and neural networks."
The fund addresses the space theme across industries -- through growth-focused companies as well as legacy industrial companies like L3Harris, Deere, and Komatsu. And like other Ark funds, the ETF is not remotely market-cap-weighted -- meaning that the highest-weighted holdings will be the fund managers' top picks rather than the most valuable companies. The fund's largest holding -- Kratos Defense & Security -- only has a market cap of $11.5 billion compared to $420.3 billion for fifth-place Palantir Technologies.
Vertical take-off and landing plays into the "space theme," with Archer Aviation, Joby Aviation, and Blade Air Mobility combining for 11.2% of the ETF. The ETF has many recognizable names, but also some companies you may have never heard of -- like unmanned aircraft system maker Aerovironment and satellite giant Iridium Communications -- the third- and fourth-largest holdings by weighting. Again, since the fund isn't market-cap weighted, it can put more conviction in these companies and still have small pieces of megacap growth companies. The fund holds Nvidia and Alphabet, but they only make up 2.7% and 1.7% of the fund, respectively.
The Ark Space Exploration & Innovation ETF sports a relatively high expense ratio at 0.75% -- which is far higher than the expense ratios investors may be used to from passive funds. The key difference is that the Ark Space Exploration & Innovation ETF is actively managed and very nuanced. The higher expense ratio is the fee for the active management, but it has certainly been worth it, given the fund's epic gains.
All told, the Ark Space Exploration & Innovation ETF could be a good pick for investors who are interested in "space" outside just eVTOL.
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Daniel Foelber has positions in Nvidia. Lee Samaha has no position in any of the stocks mentioned. Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AeroVironment, Alphabet, Deere & Company , L3Harris Technologies, Nvidia, and Palantir Technologies. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Like Joby Aviation? Then You'll Love This eVTOL Growth Stock and ETF.

(RTTNews) - Defense technology company AeroVironment Inc. (AVAV) Friday said that its profit declined in fiscal 2025, impacted by higher cost of sales and other expenses. Revenues, however, rose 14 percent from a year ago.
Net income attributable to the company was $43.62 million or $1.55 per share in fiscal 2025, down from $59.67 million or $2.18 per share a year ago. On an adjusted basis, earnings per share, however, rose to $3.28 from $2.99 in the prior year.
During the year, pre-tax income declined to $39.66 million from $63.23 million recorded in fiscal 2024. Adjusted EBITDA for the year rose to $146.4 million from $127.8 million last year.
AeroVironment said that annual revenues climbed to $820.63 million from $716.72 million last year, helped by a good performance in product revenues.
On the Nasdaq, the stock ended Thursday's trading at $249.73, down 2 percent.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

AeroVironment Annual Profit Declines; Revenue Up 14%

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the SPDR Portfolio S&P 1500 Composite Stock Market ETF (Symbol: SPTM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $85.60 per unit.
With SPTM trading at a recent price near $76.93 per unit, that means that analysts see 11.27% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of SPTM's underlying holdings with notable upside to their analyst target prices are AeroVironment, Inc. (Symbol: AVAV), NCR Voyix Corp (Symbol: VYX), and American Woodmark Corp. (Symbol: AMWD). Although AVAV has traded at a recent price of $244.44/share, the average analyst target is 21.22% higher at $296.30/share. Similarly, VYX has 21.03% upside from the recent share price of $12.29 if the average analyst target price of $14.88/share is reached, and analysts on average are expecting AMWD to reach a target price of $70.00/share, which is 17.57% above the recent price of $59.54. Below is a twelve month price history chart comparing the stock performance of AVAV, VYX, and AMWD:
Below is a summary table of the current analyst target prices discussed above:
Name
Symbol
Recent Price
Avg. Analyst 12-Mo. Target
% Upside to Target
SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
$76.93
$85.60
11.27%
AeroVironment, Inc.
AVAV
$244.44
$296.30
21.22%
NCR Voyix Corp
VYX
$12.29
$14.88
21.03%
American Woodmark Corp.
AMWD
$59.54
$70.00
17.57%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SPTM's Holdings Could Mean 11% Gain Potential

The S&P 500 Index ($SPX) (SPY) today is up +0.06%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.04%. September E-mini S&P futures (ESU25) are up +0.04%, and September E-mini Nasdaq futures (NQU25) are up +0.05%.
Stock indexes today are slightly higher, with the Nasdaq 100 posting a new all-time high as dovish Fed comments pushed T-note yields lower. The 10-year T-note yield is down -1 bp to 4.27% after Fed Governor Michelle Bowman said she supports an interest rate cut at the September FOMC meeting and that she favors three interest rate cuts this year.
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Strength in chip makers is also a supportive factor for stocks today after Bloomberg reported that Nvidia and Advanced Micro Devices agreed to pay 15% of revenue from China chip sales to the US government, which boosts optimism that chip export restrictions to China will be eased. Also, Micron Technology is up more than +5% after raising its Q4 sales estimate.
Gains in stocks are limited as hopes dim for an imminent end to the Russian-Ukrainian war. Markets last week initially found support on news of a Trump-Putin summit this Friday in Alaska. However, over the weekend, comments from Ukrainian President Zelenskiy dampened hopes for a quick end to the war when he rejected any talk of Ukraine ceding territory to Russia.
Stocks are seeing support from speculation that weaker-than-expected US economic news and recent dovish Fed commentary will push the Fed to lower interest rates as soon as next month. On Saturday, Fed Governor Michelle Bowman said she supports cutting interest rates at the FOMC's next meeting in September and that she favors three rate cuts this year to "help avoid a further unnecessary erosion in labor market conditions and reduce the chance that the committee will need to implement a larger policy correction should the labor market deteriorate further." The chances of a Fed rate cut at the September FOMC meeting rose to 89% from 40% earlier this month.
The price of Bitcoin (^BTCUSD) is up more than +2% at a 4-week high, boosted by strong demand from institutional investors and corporate buyers, which are helping to lift the entire cryptocurrency market. According to data from Coingecko, digital-asset treasury companies, listed vehicles that accumulate cryptocurrencies, have amassed a Bitcoin stockpile worth $113 billion thus far.
In recent tariff news, President Trump announced last Wednesday that he will impose a 100% tariff on semiconductor imports. Still, companies would be eligible for exemptions if they demonstrate a commitment to building their products in the US. However, the US will levy a separate tax on imports of electronic products that employ semiconductors. Also, President Trump announced last Wednesday that he will double tariffs on US imports from India to 50% from the current 25% tariff, due to India's purchases of Russian oil. Last Tuesday, Mr. Trump said that US tariffs on pharmaceutical imports would be announced "within the next week or so." According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced.
The market's focus this week will be on corporate earnings results and any new trade or tariff news. On Tuesday, the July US CPI is expected to edge up to +2.8% y/y from +2.7% y/y in June, and the July CPI ex-food and energy is expected to climb +3.0% y/y from +2.9% y/y in June. On Thursday, weekly initial unemployment claims are expected to fall by -1,000 to 225,000. Also on Thursday, the July final-demand PPI is expected to increase to +2.5% y/y from +2.3% y/y in June, and the July PPI ex-food and energy is expected to rise to +2.9% y/y from +2.6% y/y in June. On Friday, July US retail sales are expected to climb +0.5% m/m and retail sales ex-autos are expected to rise +0.3% m/m. Also on Friday, July manufacturing production is expected to remain unchanged m/m. Finally, the University of Michigan’s Aug US consumer sentiment index is expected to climb by +0.3 to 62.0.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 89% at the September 16-17 FOMC meeting and 62% at the following meeting on October 28-29.
Earnings reports indicate that S&P 500 earnings for Q2 are on track to rise +9.1% y/y, much better than the pre-season expectations of +2.8% y/y and the most in four years, according to Bloomberg Intelligence. With over 82% of S&P 500 firms having reported Q2 earnings, about 82% of companies exceeded profit estimates.
Overseas stock markets today are mixed. The Euro Stoxx 50 fell from a 1-week high and is down -0.06%. China's Shanghai Composite rallied to a 10-month high and closed up +0.34%. Japan's Nikkei Stock 225 was closed today for the Mountain Day holiday.
Interest Rates
September 10-year T-notes (ZNU25) today are up by +3 ticks. The 10-year T-note yield is down -1.4 bp to 4.269%. T-notes are moving higher on mounting speculation that the Fed may soon cut interest rates after Fed Governor Michelle Bowman said she supports an interest rate cut at the September FOMC meeting and that she favors three interest rate cuts this year. T-notes also have carryover support from last Thursday when President Trump nominated Stephen Miran for Fed Governor to replace Adriana Kugler for the rest of the year. Miran views President Trump's policies as disinflationary and would support a more dovish Fed policy.
European government bond yields today are mixed. The 10-year German bund yield is up +0.1 bp to 2.691%. The 10-year UK gilt yield is down -3.3 bp to 4.568%.
Swaps are discounting the chances at 6% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
Semiconductor stocks are climbing today after Bloomberg reported that Nvidia and Advanced Micro Devices agreed to pay 15% of revenue from China chip sales to the US government, which boosts optimism that chip export restrictions to China will be eased. ON Semiconductor (ON), Applied Materials (AMAT), Qualcomm (QCOM), KLA Corp (KLAC), Lam Research (LRCX), NXP Semiconductors NV (NXPI), and Marvell Technology (MRVL) are up more than +1%. However, Nvidia (NVDA) and Advanced Micro Devices (AMD) are down nearly 1% on the news.
Micron Technology (MU) is up more than +6% after raising its fiscal Q4 sales estimate to $11.2 billion, plus or minus $100 million, from a previous estimate of $10.7 billion, plus or minus $300 million.
Cryptocurrency-linked stocks are climbing today after the price of Bitcoin rose by more than +2% to a 4-week high. As a result, Coinbase Global (COIN), MicroStrategy (MSTR), MARA Holdings (MARA), and Riot Platforms (RIOT) are up more than +3%.
Sapiens International Corp NV (SPNS) is up more than +18% after Calcalist reported that Formula Systems is in advanced talks to sell control of the company for about $2 billion.
Albemarle (ALB) is up more than +13% to lead gainers in the S&P 500 after operations were halted at a major Chinese mine, spurring speculation that the Chinese government might move to suspend other lithium projects to tackle overcapacity concerns.
Elf Beauty (ELF) is up more than +6% after Morgan Stanley upgraded the stock to overweight from equal weight with a price target of $134.
Kratos Defense & Security Solutions (KTOS) is up more than +5% after Canaccord Genuity initiated coverage on the stock with a recommendation of buy and a price target of $74.
Generac Holdings (GNRC) is up more than +2% after Jeffries upgraded the stock to hold from underperform with a price target of $200.
AeroVironment (AVAV) is up more than +2% after Canaccord Genuity initiated coverage on the stock with a recommendation of buy and a price target of $305.
C3.ai (AI) is down more than -29% after DA Davidson downgraded the stock to underperform from neutral with a price target of $13, citing preliminary earnings results that were "significantly below guidance."
Monday.com (MNDY) is down more than -27% after reporting Q2 cash and cash equivalents of $1.59 billion, below the consensus of $1.61 billion.
AAON Inc. (AAON) is down more than -21% after reporting Q2 EPS of 19 cents, well below the consensus of 32 cents.
Hershey (HSY) is down more than -3% to lead losers in the S&P 500 and chocolate makers on demand concerns after cocoa prices surged more than +9% to a 6-week high.
Upstart Holdings (UPST) is down more than -1% after announcing it will offer $500 million of convertible senior notes due in 2032 in a private offering.
Earnings Reports (8/11/2025)
AAON Inc (AAON), AST SpaceMobile Inc (ASTS), Celanese Corp (CE), Ralliant Corp (RAL), Roivant Sciences Ltd (ROIV).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Supported by Fed Rate Cut Speculation and Strength in Chip Makers

The NASDAQ 100 After Hours Indicator is up 10.7 to 23,088.74. The total After hours volume is currently 173,666,944 shares traded.
The following are the most active stocks for the after hours session:
The Trade Desk, Inc. (TTD) is -0.98 at $80.46, with 45,367,138 shares traded. As reported by Zacks, the current mean recommendation for TTD is in the "buy range".
Schlumberger N.V. (SLB) is -0.17 at $34.50, with 27,664,013 shares traded.SLB is scheduled to provide an earnings report on 7/18/2025, for the fiscal quarter ending Jun2025. The consensus earnings per share forecast is 0.73 per share, which represents a 85 percent increase over the EPS one Year Ago
First Trust Global Tactical Commodity Strategy Fund (FTGC) is -0.0141 at $25.37, with 5,106,005 shares traded. This represents a 14.18% increase from its 52 Week Low.
NVIDIA Corporation (NVDA) is +0.1 at $173.10, with 3,959,732 shares traded., following a 52-week high recorded in today's regular session.
iShares MSCI ACWI ETF (ACWI) is -0.1994 at $129.66, with 3,597,264 shares traded. This represents a 28.06% increase from its 52 Week Low.
AeroVironment, Inc. (AVAV) is +0.44 at $279.00, with 3,068,841 shares traded. As reported by Zacks, the current mean recommendation for AVAV is in the "buy range".
Informatica Inc. (INFA) is unchanged at $24.54, with 2,309,123 shares traded. INFA's current last sale is 106.7% of the target price of $23.
Bank of America Corporation (BAC) is -0.0065 at $47.01, with 2,292,397 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2025. The consensus EPS forecast is $0.94. As reported by Zacks, the current mean recommendation for BAC is in the "buy range".
Vanguard Russell 2000 ETF (VTWO) is -0.03 at $90.49, with 2,095,573 shares traded. This represents a 30.43% increase from its 52 Week Low.
Alight, Inc. (ALIT) is unchanged at $5.59, with 2,030,833 shares traded. As reported by Zacks, the current mean recommendation for ALIT is in the "buy range".
KE Holdings Inc (BEKE) is unchanged at $18.86, with 1,674,885 shares traded. As reported by Zacks, the current mean recommendation for BEKE is in the "strong buy range".
Ford Motor Company (F) is unchanged at $11.15, with 1,280,478 shares traded. F's current last sale is 112.63% of the target price of $9.9.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	167.45 21.57
Price/Sales	6.78 1.27
P/B	6.26 2.25
P/FCF	0.00 17.73

Indicator	TTM Median
ROE	3.90 15.62
ROA	3.23 6.45
ROI	3.82 9.56
Net Worth	5.35 1.27
Quick Ratio	3.07 1.16
Current Ratio	4.22 1.57

Indicator	TTM Median
Net Profit Margin	4.45 7.30
Operating Margin	4.45 10.18
Gross Margin	39.62 32.61
Return on tangible equity	6.52 25.97

Indicator	TTM Median
EPS	0.47 0.49
EPS Forecast	0.66 0.52
Revenue	168.00M 194.00M
Gross Profit	63.00M —
EBITDA	6.00M —

AeroVironment, Inc.

TTM metrics for the latest quarter under IFRS and their historical dynamics

Valuation

Debts

Efficiency

Other ratios

Revenue