AeroVironment, Inc.

AVAV Industrials Aerospace & Defense

AeroVironment, Inc.’s revenue for fiscal 2026 (year ended April 2026) was $2.0 billion, up 140.9% from fiscal 2025.

Revenue
+5.68%
EPS
+93.1%
Free cash flow
+76.9%
Total debt
+0.60%

Quarter to July 2026, against a year earlier

112.32 11.21 −9.07%
Market cap
$6.3B
P/E
0.0×
Fwd P/E
268×
Dividend yield
—
F-score
2/9
Altman Z
4.84
Beneish M
−1.03
Dividend safety
n/a

AeroVironment, Inc. 10-Q filed Sep 10, 2026

Fiscal Q1 2027 · Period ended Aug 1, 2026 · Filed · accepted 6:14 PM ET · Document on sec.gov · Filing index

Red flags

  • Material weakness

    AeroVironment, Inc.’s 10-Q reports a material weakness in internal control over financial reporting

    Except for the ongoing remediation activities related to the material weaknesses described above

    10-Q filed · The filing · sec.gov

  • Inventory outpacing revenue

    Inventory grew 76.4% while revenue grew 5.7% year over year

    10-Q filed · The filing · sec.gov

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Mar 11, 2026: 10 added · 25 removed · 24 modified; 9 with only figures updated

  1. Modified · Revenue Recognition

    Adjustments to original estimates for a contract’s revenue, estimated costs at completion and estimated profit or loss are often required as work progresses under a contract, as experience is gained and as more information is obtained, even though the scope of work required under the contract may not change, or if contract modifications, including the finalization of undefinitized contract actions, occur. The impact of revisions in estimate of completion and variable consideration for all types of contracts are recognized on a cumulative catch-up basis in the period in which the revisions are made. Changes in variable consideration associated with the finalization of undefinitized contract actions could result in cumulative catch up adjustments to revenue that could be material. During the three and nine months ended January 31August 1, 2026 and January 25August 2, 2025, changes in accounting estimates on contracts recognized using the over time method are presented below. Amounts representing contract change orders or claims are included in revenue if the order or claim meets the criteria of a contract or contract modification in accordance with ASU 2014-09, Revenue from Contracts with Customers (“ASC 606”).