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StocksMedium•29 June 2026•

1 min read

AeroVironment Reports Record FY2026 Revenue, Up 141%

Key Facts

1AeroVironment reported record Q4 revenue of $641.6 million and fiscal year revenue of $1,976.8 million, up 133% and 141% year-over-year respectively.

2Bookings for the fiscal year were $2.7 billion with a book-to-bill ratio of 1.4, and funded backlog of $1.2 billion.

Amid rising demand for unmanned systems in the defense sector, AeroVironment reported record results for fiscal Q4 and full-year 2026. Fourth-quarter revenue reached $641.6 million and full-year revenue hit $1,976.8 million, up 133% and 141% year-over-year respectively. The company also posted $2.7 billion in fiscal-year bookings, a book-to-bill ratio of 1.4, and a funded backlog of $1.2 billion.

This strong growth was fueled by robust demand for unmanned aerial vehicles and related services, reflecting governments' focus on boosting defense and intelligence capabilities. AVAV shares closed at $137.95 on June 26, 2026, trading between $135.72 and $143.37 per market data. The annual performance is the best in the company's history, driven by large contracts and new orders.

Looking ahead, investors will watch whether the company can sustain its momentum amid rising global defense budgets. The $1.2 billion funded backlog provides revenue visibility for several quarters. The market will also focus on how quickly these orders convert into actual revenue, as well as any new contract announcements in the second half of 2026.