AeroVironment projects $2.1B-$2.2B FY2027 revenue as demand surges

AeroVironment Inc. reported Q4 revenue that more than doubled, sending shares up 20% after-hours as the defense contractor projected FY2027 revenue of $2.125B to $2.225B.

"We are seeing unprecedented demand across our product lines," Chief Executive Officer Wahid Nawabi said on the earnings call. "Fiscal 2027 will be a capacity and timing test as we scale production."

The company's Q4 results topped analyst estimates, with revenue surging past consensus expectations. AeroVironment is expanding manufacturing capacity to meet rising orders for its unmanned aircraft systems, while its BlueHalo segment adds a second growth vector. The company did not disclose specific Q4 revenue or EPS figures in the call.

The guidance raise shows management expects defense demand to accelerate over the next two years. Investors will watch the company's production build-out progress and any impact from federal budget delays on order timing. The next quarterly report will provide the first look at whether capacity expansion is keeping pace with order intake.

This article is for informational purposes only and does not constitute investment advice.