Axon posted adjusted earnings of $2.12 per share for the quarter, beating Wall Street’s estimate of $1.46 per share
NEW YORK: Axon Enterprise Inc. saw its stock jump 14% Tuesday after the TASER and security technology maker reported stronger-than-expected earnings and raised its full-year revenue guidance, citing surging demand for its advanced security solutions.
The company now expects 2025 revenues between $2.65 billion and $2.73 billion, up from its previous forecast of $2.60 billion to $2.70 billion.
“Demand for new technology from our customers is accelerating, and it’s outpacing even my most optimistic expectations,” CEO Rick Smith told analysts during an earnings call. “There’s now one breakout product driving conversations. It’s everything.”
Axon posted adjusted earnings of $2.12 per share for the quarter, beating Wall Street’s estimate of $1.46 per share, according to LSEG. Revenues rose 33% year-over-year to $668.5 million, surpassing expectations of $631.6 million.
The company reported broad-based growth across its product segments. Its TASER unit grew 19% to $216 million, while software and services revenue surged 39%. Personal sensors and platform solutions generated $93 million and $67 million, respectively. Axon said more than 30% of its bookings came from new products, including bodycams, drones, and counter-drone technologies, which have seen rising demand amid evolving security threats.
Axon’s performance reflects a growing appetite among law enforcement and security agencies for integrated, tech-driven solutions, positioning the company for continued momentum through the rest of the year.