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
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AeroVironment, Inc. 10-Q filed Sep 10, 2026
Red flags
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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
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Inventory outpacing revenue
Inventory grew 76.4% while revenue grew 5.7% year over year
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
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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 ninemonths endedJanuary 31August 1, 2026 andJanuary 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”).