Global Finance News
10 Dec 2025, 09:57
AeroVironment Reports Record Fiscal Q2 Revenue Driven by BlueHalo Acquisition
AeroVironment Inc. (NASDAQ: AVAV) announced fiscal 2026 second-quarter results, posting record revenue of 472.5 million dollars for the period ended November 1, 2025. Revenue rose 151 percent year over year, supported by strong organic performance and the company’s recent BlueHalo acquisition.
BlueHalo contributed 245.1 million dollars in the quarter, while legacy AeroVironment operations generated 227.4 million dollars, up 21 percent from the prior year. Quarterly bookings reached 1.4 billion dollars, resulting in a book-to-bill ratio of 2.9.
Segment results showed 301.6 million dollars in revenue from Autonomous Systems and 170.9 million dollars from Space, Cyber and Directed Energy. Gross margin increased to 104.1 million dollars, though the gross margin rate declined to 22 percent from 39 percent due to a higher mix of service revenue and 24.2 million dollars of amortization and non-cash purchase accounting expenses tied to the BlueHalo acquisition.
The company reported a loss from operations of 30.2 million dollars versus operating income of 7.0 million dollars a year earlier, driven by higher SG&A and R&D expenses and 48.2 million dollars in total amortization and purchase accounting impacts. Net loss for the quarter was 17.1 million dollars, or 0.34 dollars per diluted share, compared with net income of 7.5 million dollars, or 0.27 dollars per diluted share, in the prior-year period.
Non-GAAP adjusted EBITDA was 45.0 million dollars, while non-GAAP earnings per diluted share were 0.44 dollars. Funded backlog increased to 1.1 billion dollars, up from 726.6 million dollars at the end of April 2025.
Leadership highlighted record bookings, long-term contract momentum and strong demand for integrated defense technologies as key drivers of growth.
AeroVironment Inc. (NASDAQ: AVAV) announced fiscal 2026 second-quarter results, posting record revenue of 472.5 million dollars for the period ended November 1, 2025. Revenue rose 151 percent year over year, supported by strong organic performance and the company’s recent BlueHalo acquisition.
BlueHalo contributed 245.1 million dollars in the quarter, while legacy AeroVironment operations generated 227.4 million dollars, up 21 percent from the prior year. Quarterly bookings reached 1.4 billion dollars, resulting in a book-to-bill ratio of 2.9.
Segment results showed 301.6 million dollars in revenue from Autonomous Systems and 170.9 million dollars from Space, Cyber and Directed Energy. Gross margin increased to 104.1 million dollars, though the gross margin rate declined to 22 percent from 39 percent due to a higher mix of service revenue and 24.2 million dollars of amortization and non-cash purchase accounting expenses tied to the BlueHalo acquisition.
The company reported a loss from operations of 30.2 million dollars versus operating income of 7.0 million dollars a year earlier, driven by higher SG&A and R&D expenses and 48.2 million dollars in total amortization and purchase accounting impacts. Net loss for the quarter was 17.1 million dollars, or 0.34 dollars per diluted share, compared with net income of 7.5 million dollars, or 0.27 dollars per diluted share, in the prior-year period.
Non-GAAP adjusted EBITDA was 45.0 million dollars, while non-GAAP earnings per diluted share were 0.44 dollars. Funded backlog increased to 1.1 billion dollars, up from 726.6 million dollars at the end of April 2025.
Leadership highlighted record bookings, long-term contract momentum and strong demand for integrated defense technologies as key drivers of growth.