Axon Enterprise Inc

Axon Enterprise Inc

AXON

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Market Cap$34.13B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Axon Enterprise IncAxon Enterprise Inc164-6%11.70.7

Earnings Call Q1 2026

May 6, 2026 - AI Summary

Strong Q1 momentum; guidance raised - Revenue $807M, +34% YoY, marking 9th consecutive quarter above 30% growth; software & services $355M, +35% YoY. - Reported future contracted bookings +44% YoY to $14.3B (broad-based pipeline strength). - Company is raising full-year revenue guidance to 30%–32% growth (up from prior expectations implied in the call). - Adjusted EBITDA margin: still expected at 25.5% for the year; operating leverage expected in 2H. - Free cash flow target: expects ~$450M full-year 2026 free cash flow, with FCF conversion expected to improve meaningfully despite working-capital/inventory investments.
AI Era Plan is the key growth engine (and adoption is accelerating) - AI bookings +140% YoY and AI product revenue grew >700% YoY (on a small base, but scaling quickly). - “Nearly all large domestic law enforcement agencies” now include AI in purchases; AI adoption is shifting from early interest to mainstream stack component. - Management expects continued rapid adoption as Axon delivers more AI-enabled capabilities across the platform, including Axon 911, Axon Vision, Axon Gravity, and expanded Axon Assistant. - Surprising/positive datapoint: Axon Week feedback suggested widespread confidence—customers weren’t questioning “if AI is real,” but asking how to deploy it responsibly.
Dedrone/counter-drone is scaling faster than expected; hardware + policy tailwinds - Dedrone bookings +500% YoY; management calls it on a trajectory similar to the AI Era Plan. - Dedrone revenue up >300% YoY; Platform solutions (includes counter drone hardware) +95% YoY. - Management views counter-drone demand as increasingly infrastructure-like and multi-year, not just event-driven: - Events (Super Bowl, Kentucky Derby, World Cup sites) act as catalysts, but the bigger trend is sustained adoption. - Mention of legislation/initiatives (e.g., “Safer Skies”) supporting multiyear counter-drone deployment. - Operational constraint / risk acknowledged: management said they’re more limited by the ability to get product out the door than by opportunity (i.e., supply execution matters).

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$647.00

Target Price by Analysts

49.4% upsideAxon Enterprise Target Price DetailsTarget Price
$92.94

Current Fair Value

78.5% downside

Overvalued by 78.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$34.13 Billion
Enterprise Value$36.19 Billion
Dividend Yield$- (-)
Earnings per Share$1.6
Beta1.42
Outstanding Shares80,150,000

Return

Return on Equity5.84%ROE
Return on Assets2.92%
Return on Invested Capital1.66%

Valuation & Multiples

P/E Ratio163.98P/E Ratio
PEG177.38PEG
Price to Sales11.7Price to Sales
Price to Book Ratio9.84Price to Book Ratio
Enterprise Value to Revenue12.13
Enterprise Value to EBIT371.22
Enterprise Value to Net Income175
Total Debt to Enterprise0.07
Debt to Equity0.71Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 12, 2026
EPS Estimate
$1.60
Average shareholder expectation
Revenue Estimate
$778.45 M
Average shareholder expectation

Next Earnings Call

Expected Date
August 3, 2026
EPS Estimate
$1.83
Average shareholder expectation
Revenue Estimate
$876.46 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.3692▼ 4.07%
Total Calls1,308,788▲ 9.30%
Total Puts1,792,020▲ 6.14%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %83.28%▼ 0.31%
Total Invested$28.43B▼ 23.26%
Investors Holding1,099▼ 94.00%

ESG Score

No data

About Axon Enterprise Inc

CEO: Patrick Smith

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the technical analysis and revenue estimates for all tax legislation. Its work directly influences the specifics of tax policy, impacting Axon's corporate tax burden, capital investment incentives, and overall financial planning.

Finance

As the primary tax-writing committee, it directly impacts Axon's corporate profitability through tax policy (e.g., corporate tax rates, R&D credits). It also influences the overall economic environment, which affects government budgets and general market conditions relevant to Axon.

Appropriations

This committee directly allocates discretionary federal spending. Its subcommittees determine the precise funding for federal law enforcement and other government programs, directly impacting the 'cash flow' and order books for Axon's government contracts.

Judiciary

Axon operates in a market where it holds a significant position in several product categories (e.g., tasers, body cameras). This committee's oversight of the DOJ (a key customer), antitrust enforcement, and intellectual property protection is critically important to Axon's business, competitive landscape, and legal framework.

Budget

Axon relies heavily on government spending at all levels. The Budget Committee sets the overall federal spending ceilings, directly influencing the funds available for law enforcement agencies (Axon's primary customers) to purchase its products and services.

Homeland Security and Governmental Affairs

Axon heavily relies on federal, state, and local government contracts for its products (body cameras, tasers, software). This committee's oversight of government procurement and efficiency directly impacts Axon's primary customer base and revenue streams.