Axon Enterprise, Inc. (AXON) Announced Q1 2026 Earnings on May 6, 2026, Reporting Revenue of $807 million for the quarter.

In Q1 2026, Axon Enterprise, Inc. reported revenue of $807 million for the quarter, up 34% year-over-year.

Software and services increased 35% year-over-year to $355 million, while Connected Devices revenue grew 33% to $453 million.

The company delivered a 25% adjusted EBITDA margin in Q1. Management raised revenue guidance for the year to a range of 30% to 32% growth, while maintaining expectations to deliver 25.5% adjusted EBITDA margins for the year.

They also expect to deliver approximately $450 million of free cash flow for the full year 2026.

Management emphasized accelerating product adoption, noting that Q1 was their strongest ever first quarter across revenue, bookings, and new products. AI product revenue grew more than 700% year-over-year, and AI bookings were up 140% versus Q1 last year.

International revenue was up over 100% year-over-year, representing 20% of revenue for the quarter.

Future contracted bookings reached $14.3 billion, up 44% year-over-year.

The company also sponsored a significant investment in core product inventory to maximize growth and impact, noting minimal obsolescence risk with TASER CEW life cycles of 10 to 15 years.

Executives highlighted the rapid scaling of the Dedrone counter drone business, with bookings up 500% year-over-year and Dedrone revenue up over 300% year-over-year across hardware and software. On the enterprise front, Axon closed a $40 million opportunity with one of the largest telecom providers in the world, centering around the Fusus platform.

The company also discussed the upcoming launch of Axon Vision directly into the enterprise market, and highlighted the integration of recent acquisitions including Fusus, Dedrone, Carbine, and Prepared into the broader Axon ecosystem.