AeroVironment, Inc. (NASDAQ:AVAV) on Tuesday reported worse-than-expected third-quarter financial results. Also, the company lowered its FY2026 sales guidance.
AeroVironment reported quarterly earnings of 64 cents per share, which missed the consensus estimate of 69 cents, according to Benzinga Pro data. Quarterly revenue of $408.05 million missed the Street estimate of $475.63 million by 14.21%.
“While our third quarter results were impacted by revenue timing and adjustments in our Space business, demand for our unique solutions remains robust,” said CEO Wahid Nawabi.
AeroVironment lowered its fiscal 2026 adjusted EPS guidance to $2.75 to $3.10, versus the $3.31 analyst estimate, and lowered its revenue outlook to a …