Form 10-Q · Quarterly report
Axon Enterprise 10-Q, filed Nov 6, 2026
- Filed
- CIK
- 0001069183
- Accession no.
- 0001628280-26-071242
Summary
Axon Enterprise reported third-quarter 2026 revenue of $908.6 million, up 27.8% from a year earlier, operating income of $42.1 million versus a $2.1 million operating loss, and net income of $57.0 million versus a $2.2 million net loss; gross margin fell to 56.7% from 60.1% on a higher mix of counter-drone equipment, new-product scaling and higher memory costs. Nine-month revenue rose 32.2% to $2.6 billion, and Axon received $47.4 million in tariff refunds in the second quarter after the Supreme Court ruled IEEPA tariffs unauthorized.
Key points
- Third-quarter 2026 software and services revenue rose 43.2% to $437.0 million, while TASER revenue fell 2.1% to $233.0 million.
- Third-quarter gross margin was 56.7%, down from 60.1%, and adjusted gross margin was 59.2%, down from 62.7%.
- Nine-month 2026 operating income was $118.1 million, compared with a $12.0 million operating loss a year earlier.
- Axon received $47.4 million in tariff refunds in the second quarter of 2026, including $18.1 million previously expensed to cost of sales.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Overview Axon is a technology company that provides integrated hardware and software solutions. Our products and services allow customers across the public and private sector to capture and use critical data to support fully-connected operational workflows. Our trusted network seamlessly integrates software and hardware with a range of connected devices, including TASER energy devices, cameras and sensors, drones and robotics, cloud-based evidence management, records management, real-time operations software, critical incident and emergency response systems, immersive training, and productivity tools – all enhanced by artificial intelligence. …
An excerpt of the text as filed with the SEC, cut for length.
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