Axon Enterprise, Inc. saw its stock price surge 14.11% in post-market trading on Tuesday. The significant movement followed the public safety technology company's release of its fourth-quarter financial results.
The company reported quarterly revenue of $797 million, a 39% increase year-over-year and surpassing analyst estimates of $755.4 million. Adjusted earnings per share came in at $2.15, significantly beating the consensus estimate of $1.60. The strong performance was driven by growth across both its Connected Devices and Software & Services segments.
Investors reacted positively not only to the earnings beat but also to the company's forward-looking guidance. Axon established a 2026 revenue growth outlook of 27% to 30% and introduced long-term targets, aiming for approximately $6 billion in annual revenue by 2028.
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