Axon Enterprise, Inc. (AXON) earnings on August 5, 2026
More Axon Enterprise, Inc. earnings
Prior outlook: Optimistic Outcome: Partial
Axon's stock initially rose over 6% after earnings, then reversed sharply to close down over 14%. This happened even though analysts kept positive ratings and raised price targets.
AXON price around the earnings
522.46
Change: -14.3%
2026-08-06, 20:00 UTC
Start of the measured window
End of the measured window
516.28
560.17
604.06
647.95
609.64
August 5, 2026
August 6, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Optimistic Outcome: Partial
- Thesis published
- Results released
Strong 14d trend strength with buy-rated analyst consensus and solid beat history, but elevated IV and resistance proximity create balanced risk/reward.
Context analyzed before publication
- Trend
- Stable trend strength in 12-22 range; strong 14d run-up into earnings with sell-the-news risk.
Analysts
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.71
- Analysts covering the stock
- 19
- Average price target
- 660.88
- Lowest price target
- 409.68
- Highest price target
- 825
- Upside to price target
- 8.4%
- Quarterly earnings growth
- 92.4%
- Revenue growth
- 33.7%
- Forward EPS
- 10.52
- Trailing EPS
- 2.49
- Analyst moves in the last 60 days
- 3
- Strong buy: 8
- Buy: 10
- Hold: 2
- Sell: 0
- Strong sell: 1
- Strong buy
- 8
- Buy
- 10
- Hold
- 2
- Sell
- 0
- Strong sell
- 1
- July 13, 2026 · Piper Sandler: Maintains rating (Overweight → Overweight)
- July 6, 2026 · Needham: Maintains rating (Buy → Buy)
- June 25, 2026 · Citizens: Reiterates rating (Market Outperform → Market Outperform)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- High
- Normalized volume
- 99%
News
Sources (4)
- Here's How Much $1000 Invested In Axon Enterprise 5 Years Ago Would Be Worth Today (opens in a new tab) — Benzinga
- $1000 Invested In Axon Enterprise 5 Years Ago Would Be Worth This Much Today (opens in a new tab) — Benzinga
- Piper Sandler Maintains Overweight on Axon Enterprise, Raises Price Target to $724 (opens in a new tab) — Benzinga
- $1000 Invested In Axon Enterprise 5 Years Ago Would Be Worth This Much Today (opens in a new tab) — Benzinga
Technicals
Evidence
- Price when the context was analyzed
- 607.27
- Average true range (ATR)
- 4.9%
- Distance to 52-week high
- -30.0%
- 14-day change (14d)
- +18.8%
- 30-day change (33d)
- +1.7%
- 30-day relative strength
- +0.1%
- QQQ change (33d)
- +1.6%
- Nearest support
- 601.5
- Distance to nearest support
- 1%
- Nearest resistance
- 607.95
- Distance to nearest resistance
- 0.1%
- Volume accumulation ratio (14d / 46d)
- 0.61
- Major: 601.5 (1% away, 0.2 ATR, 30 touches)
- Major: 592.45 (2.4% away, 0.5 ATR, 37 touches)
- Major: 587.48 (3.3% away, 0.67 ATR, 28 touches)
- Major: 607.95 (0.1% away, 0.02 ATR, 63 touches)
- Major: 613.03 (1% away, 0.2 ATR, 28 touches)
- Major: 622.52 (2.5% away, 0.52 ATR, 29 touches)
Trends
Evidence
- Average earnings surprise
- +14.1%
- May 6, 2026: actual EPS 1.61 vs estimate 1.6 (surprise +0.8%)
- February 24, 2026: actual EPS 2.15 vs estimate 1.6 (surprise +34.5%)
- November 4, 2025: actual EPS 1.17 vs estimate 1.54 (surprise -24.1%)
- August 4, 2025: actual EPS 2.12 vs estimate 1.46 (surprise +45.0%)
Expected move
- Implied move
- +11.6%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 13.5%
- 75th percentile move
- 15%
- 90th percentile move
- 17.5%
- Up / down moves
- 15 / 5
- Average up move
- +13.5%
- Average down move
- -7.0%
Monitoring and close
What Axon Enterprise, Inc. reported
- Status
- Finished
| Actual EPS | 1.88 |
|---|---|
| EPS estimate | 1.85 |
| EPS surprise | +1.6% |
| Revenue | $904 million |
| Revenue estimate | $876 million |
| Revenue surprise | +3.2% |
Axon Q2 revenue rose 35% to $904.4M, beating estimates. AI Era revenue surged nearly 700%. Stock fell despite the beat.
Sources (6)
- Axon Stock Falls After AI, Drone Wins Fuel Q2 Earnings Beat (opens in a new tab) — Investor's Business Daily
- Axon (NASDAQ:AXON) Reports Bullish Q2 CY2026 (opens in a new tab) — StockStory
- Axon beat expectations: adjusted EPS of $1.88 versus $1.85 estimated, and revenue of $904.389M above the $876.458M forecast. — Benzinga
- Axon Enterprise Q2 Adj. EPS $1.88 Beats $1.85 Estimate, Sales $904.389M Beat $876.458M Estimate (opens in a new tab) — Benzinga
- Axon Enterprise Raises FY2026 Sales Guidance from $3.613B-$3.669B to $3.670B-$3.725B vs $3.655B Est (opens in a new tab) — Benzinga
- Airbnb vs. Axon Enterprise: Which Consumer Stock Is a Better Buy in 2026? (opens in a new tab) — Motley Fool
Pre-market second reading after the results
- Verdict
- Beat expectations
Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating -4.0% pre-market, a move below the stock's usual reaction (about 13%). The figures overturn the prior optimistic scenario. Across our market history, in the 722 similar cases the close held that direction 86% of the time.
How the stock reacted
- Outcome
- Partial
- Consolidated
- -14.3%
- Max favorable move (MFE)
- 6.6%
- Max adverse move (MAE)
- 15.3%