AVAV · NasdaqGS
Aerospace & Defense · United States
Snapshot 2026-09-20 · Latest financial period 2026-08-01 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-12-02 (provider estimate, not issuer-confirmed).
AeroVironment, Inc., a defense technology provider, designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. The company operates in two segments, Autonomous Systems; and Space, Cyber and Directed Energy. The company provides uncrewed aircraft systems (UAS), which include small and medium UAS, and kinesis command and control software; and counter-UAS and precision strike, a loitering munitions solution that deliver actionable intelligence and precision firepower modern warfighters, including precision strike, radio frequency and kinetic C-UAS, and electronic warfare systems. It also offers autonomy, AI, and platform technologies; unmanned maritime; and uncrewed ground systems. The company provides digital beamforming technology, a multi-band/beam software defined antenna tile that allows simultaneous communication with multiple satellites; laser communications, a data transmission systems for space operations; space-qualified hardware for line of sight stabilization and control electronics in low, medium, and geostationary earth orbit, as well as cislunar orbits; phased array antenna technology to supports hypersonic telemetry and tracking, and other missile testing; and directed energy solution. It also offers cyber solutions for national security and defense operations. AeroVironment, Inc. was incorporated in 1971 and is headquartered in Arlington, Virginia.
Company websiteQ1 FY2027
Published 2026-09-10
Short takes Q1 FY2027
AVAV Stock: Who Pays the Factory Bill? — Q1 FY2027
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Q1 FY2027 REPORT HIGHLIGHTS
SCDE losses and a major capacity investment cycle complicate the cash return behind AeroVironment’s growing order book.
AxS added $60.6M of sales and $9.5M of adjusted EBITDA. Its margin slipped slightly.
SCDE adjusted EBITDA fell $12.7M, leaving group EBITDA lower.
$0.59 versus $0.32 reflects financing changes and lower stock compensation; amortization is excluded in both periods.
Inventory and unbilled work consumed cash while equipment spending accelerated.
The DCF assumes sustained expansion and much better margins, yet remains below the price.
Comparable businesses
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.
| Metric | AVAVAeroVironment, Inc.Snapshot 2026-09-20Financial period: 2026-08-01 |
|---|---|
| Market capMarket value, converted to USD | US$8.13B |
| Forward P/EProvider forward earnings estimate | 35.79x |
| EV / EBITDAEnterprise value / trailing EBITDA | 38.25x |
| Revenue growthLatest quarter vs prior-year quarter | 5.7% |
| Operating marginLatest reported quarter | -2.3% |
| Free cash flow yieldTrailing cash flow / market cap | -0.3% |
| Net debt / EBITDANet debt / trailing EBITDA | 1.24x |
| Debt / equityTotal debt / positive book equity | 0.19x |
| Trailing P/ETrailing twelve-month earnings | — |
| Price / bookPrice / positive book equity per share | 1.84x |
| EV / salesEnterprise value / trailing revenue | 4.18x |
| Earnings growthLatest quarter vs prior-year quarter | — |
| Gross marginTrailing twelve months | 26.5% |
| Net marginTrailing twelve months | -10.1% |
| Return on equityProvider trailing return; positive equity only | -4.6% |
| Free cash flow marginTrailing free cash flow / revenue | -1.3% |
| Dividend yieldIndicated annual dividend / price | — |
| Earnings payoutProvider trailing dividend payout | 0.0% |
| Current ratioCurrent assets / current liabilities | 4.26x |
| BetaProvider historical market sensitivity | 1.41 |
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
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Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
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Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
FREE RESEARCH PACKET · Q1 FY2027
SCDE losses and a major capacity investment cycle complicate the cash return behind AeroVironment’s growing order book.
Research published September 9, 2026 · Download original report
Read Research PacketStudio edition · 2026-09-10 · YouTube
Presentation · 2026-09-09 · YouTube
Short takes Q1 FY2027
AVAV Stock: Who Pays the Factory Bill? — Q1 FY2027
Watch Short on YouTube
Presentation · 2026-06-30 · YouTube
Short takes Q4 FY2026
AVAV +133% — Full year: $265M loss #Shorts
Watch Short on YouTube
Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.
