AeroVironment Stock Soared on a Blowout Quarter. Is the Drone Boom Just Getting Started?

Yahoo Finance ·

Shares of AeroVironment ( AVAV +4.47% ) soared more than 20% this week, to around $171, after the drone and defense specialist reported its fiscal fourth-quarter results. The quarter was a blowout by almost any measure -- record revenue, adjusted profits that more than doubled, and a funded backlog that swelled past $1 billion. Is this the start of a multiyear up cycle in military drones and the systems built to stop them, or a one-quarter spike that borrows from future demand and leaves a harder comparison behind? The answer rests less on the drones AeroVironment is already known for and more on what it's building next. AeroVironment's fiscal fourth-quarter revenue (the period ended April 30, 2026) jumped 133% year over year to a record $641.6 million. That headline figure, however, was bolstered by the company's acquisitions of defense technology firms BlueHalo and Empirical Systems Aerospace. Strip the deals out, and organic growth was about 31% -- still a strong rate, and the better gauge of underlying demand.

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