Axon Enterprise (AXON) reported second-quarter 2026 results on August 5, highlighting earnings per share of $7.27, which missed the Zacks Consensus Estimate by 0.5% and marked a 13.8% decline year over year. However, total revenues reached $904.4 million, exceeding expectations by 4.2% and reflecting a year-over-year increase of 35.3%, driven primarily by the Connected Devices and Software & Services segments.
Management raised its full-year revenue growth outlook to 32-34%, up from the previous 30-32%, while maintaining an adjusted EBITDA margin target of approximately 25.5%. The Connected Devices segment reported a 34.6% revenue growth in Q2, supported by strong demand for products like TASER 10 and Axon Body 4. Additionally, the Software & Services segment’s revenues increased by 36.2% year over year, attributed to higher adoption of premium offerings.
As of Q2 2026, Axon’s long-term debt stood at $1.73 billion, with cash and cash equivalents at $597.7 million. Despite the challenging financial landscape, the company is positioned for long-term growth due to its strategic investments in innovative technology.
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