Axon Q2 2026: revenue up 35.3% to $904.4 million, guidance raised
Axon grew revenue 35.3% to $904.4 million and lifted its full-year growth plan, while bookings and recurring revenue rose even faster than sales. The GAAP picture is thinner: net income was $29.4 million and free cash flow was slightly negative. Read this quarter as a demand story, not a profit story.
1 · Expected vs. Actual
Free preview belowNon-GAAP earnings per share of $1.88 landed essentially on the $1.89 consensus estimate, but fell from $2.18 a year ago. GAAP earnings per share was $0.36, down from $0.44, with net income of $29.4 million. Management said the year-over-year drop mainly reflects a large tax benefit booked in the prior-year quarter, while pre-tax income rose.
Revenue rose 35.3% year over year to $904.4 million, the tenth straight quarter above 30% growth. Software & Services contributed $397.8 million, up 36.2%, and Connected Devices $506.6 million, up 34.6%. Gross margin of 60.4% was flat year over year but up 130 basis points from the prior quarter.
Log in to read 5 analyses a week for free
Create a free account to read 5 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.