Axon Enterprise Misses Q3 2026 Estimates as Revenue Rises 28% to $908.6M

Axon Enterprise (AXON) missed estimates for the third quarter of 2026 on both revenue and adjusted EPS. Revenue was $908.6 million, up 28% from a year earlier, below the $934.3 million estimate, and adjusted EPS was $1.72, up 47% from a year earlier, below the $1.89 estimate.

Shares were unchanged in after-hours trading as of 4:02 p.m. ET, to $382.56 from a $382.56 close.

Q3 2026 scorecard

By our calculation, revenue was $25.8 million below the estimate and adjusted EPS was $0.17 below it. The QoQ column compares with the previous quarter's revenue of $904.4 million and adjusted EPS of $1.88. The YoY column compares with $710.6 million and $1.17 in the same quarter a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 6 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 7 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $710.6 million, $796.7 million, $807.3 million, $904.4 million and $908.6 million.

What to watch

• Next-quarter estimates. Consensus calls for EPS of $2.29 and revenue of $1.07 billion next quarter, based on 12 analysts.
• Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 28% increase to $908.6 million.
• Estimate record. Whether Axon Enterprise extends a record of beating EPS estimates in 6 of its last 8 reports.
• Related coverage. See our reports on Airbnb, Corsair Gaming, Kratos Defense & Security Solutions and Doximity.

Sources: Results are from Axon Enterprise's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Axon Enterprise's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.