AeroVironment reported record second quarter revenue of $472.5 million, up by 151% year-over-year.
The company's bookings reached $1.4 billion with a book-to-bill ratio of 2.9.
Revenue for the second quarter of fiscal 2026 was driven by higher product sales and service revenue, fueled by the acquisition of BlueHalo.
Record Revenue Growth
Second quarter revenue surged by 151% year-over-year, highlighting strong market demand and successful acquisitions.
Strategic Bookings
Bookings reached $1.4 billion, showcasing a robust book-to-bill ratio of 2.9, indicating a promising future pipeline.
Acquisition Impact
The acquisition of BlueHalo significantly contributed to the revenue growth, strengthening the company's market position.
Financial Performance Analysis
Despite a decrease in gross margin percentage, the company's non-GAAP adjusted EBITDA showed promising growth, reaching $45.0 million for the quarter.
- The fiscal second quarter results reflect AeroVironment's strength and growth potential, driven by strategic acquisitions and market demand.
- The company's focus on advanced technologies and partnerships positions it well to meet evolving defense needs and lead in defense innovations.
AeroVironment's strong revenue growth and strategic bookings indicate a positive outlook for the company's future performance in the defense market.