Axon Enterprise (AXON) reported better-than-expected first-quarter results after Wednesday's closing bell. Here's a look at the details inside the report.

Axon Q1 Details

Axon Enterprise reported quarterly earnings of $1.61 per share, which beat the consensus estimate of $1.60. Quarterly revenue of $807.35 million beat the Street estimate of $778.45 million and was up from $603.63 million in the same period last year.

Software & Services revenue grew 35% to $355 million, AI products were up over 700% year over year, and counter-drone product revenue rose over 300% year over year. TASER and Personal Sensors grew 19% and 23%, respectively. Platform Solutions accelerated overall growth, contributing $111 million and increasing 95% year over year.

Looking Ahead

Axon raised its fiscal 2026 revenue outlook to between $3.61 billion and $3.67 billion, versus the $3.59 billion estimate.

AXON Stock Price: According to data from MarketDash, Axon Enterprise stock was down 2.81% to $375 in Wednesday's extended trading.