Axon Enterprise Inc (NASDAQ:AXON) on Thursday reported downbeat results for the third quarter.
Axon reported third-quarter revenue of $908.55 million, up 28% year-over-year. The revenue total missed a Street consensus estimate of $937.59 million, according to data from Benzinga Pro. The company reported earnings of $1.72, which missed a Street consensus estimate of $1.88.
The company is guiding for fourth-quarter revenue to be in a range of $990 million to $1.01 billion. The Street estimate is $1.06 billion.
For fiscal 2026, Axon lowered full-year revenue to a new range of $3.610 billion to $3.630 billion, down from a prior range of $3.670 billion to $3.725 billion. The Street estimate for the full year is $3.699 billion.
Axon Enterprise shares dipped 14% to $329.04 in pre-market trading.
These analysts made changes to their price targets on Axon Enterprise following earnings announcement.
- Needham analyst Joshua Reilly maintained the stock with a Buy and lowered the price target from $750 to $500.
- Piper Sandler analyst James Fish reiterated the stock with an Overweight rating and cut the price target from $561 to $540.
Considering buying AXON stock? Here’s what analysts think:
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