AVAV Earnings: AeroVironment Stock Crashes as Financial Results Miss Wall Street’s Targets

FomoAnxiety · 2026-03-10T20:50:30+00:00

AeroVironment's stock fell nearly 10% after disappointing fiscal Q3 results, with EPS at $0.64 and revenue at $408 million, both missing analyst expectations. Concerns over a significant contract also contributed to the decline.

FomoAnxiety

2026-03-10 20:50:30

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The stock of AeroVironment (AVAV) is down nearly 10% after the drone maker reported financial results that missed Wall Street’s targets across the board.

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For what was its fiscal third-quarter, AeroVironment announced earnings per share (EPS) of $0.64, which fell short of the $0.68 expected among analysts. Revenue of $408 million was below the consensus forecast of $476 million on Wall Street.

Management added that their funded backlog of orders stood at $1.1 billion at quarter’s end, which was flat compared with the previous quarter. AVAV stock had risen 84% over the last 12 months but recently plunged 17% on March 2 due to concerns over a $1.7 billion U.S. Space Force contract.

AeroVironment’s income statement. **Source: **The Fly

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