NASDAQ$AVAV
AeroVironment Inc. · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
AeroVironment's first quarter 2023 results were announced, showing a 7% increase in revenue year-over-year and a record funded backlog.
AeroVironment reported a 7% increase in first-quarter revenue, reaching $108.5 million. The company reaffirmed its fiscal year 2023 revenue guidance of $490 million to $520 million. Strong August bookings led to a record funded backlog of $307.6 million.
- First quarter revenue increased by 7% year-over-year, reaching $108.5 million.
- Gross margin for the first quarter was $33.7 million, up 17% year-over-year, with the gross margin percentage rising to 31%.
- Net loss attributable to AeroVironment was $(8.4) million, and non-GAAP adjusted EBITDA was $13 million.
- Funded backlog reached a record $307.6 million as of August 27, 2022, driven by strong August bookings.
Headline financials
Revenue & EPS history
AeroVironment · Revenue · Quarterly
$109M
Forward guidance
The Company continues to expect revenue of between $490 million and $520 million, net income of between $11 million and $18 million for fiscal year 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.4%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+3.7%
Avg return
30 days after
45%
29 / 65 earnings
Positive
+29.8%
Q3 2024
Best reaction
-23.1%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -6.2% | -4.4% | -18.9% | |
| Q2 2026 | -12.9% | -16.4% | +29.7% | |
| Q1 2026 | +6.9% | +8.7% | +69.8% | |
| Q4 2025 | +0.0% | -2.8% | +35.3% | |
| Q3 2025 | -4.4% | -13.1% | -21.3% | |
| Q2 2025 | -14.2% | -16.9% | -16.6% | |
| Q1 2025 | -4.4% | -5.9% | +8.2% | |
| Q4 2024 | -7.7% | -8.8% | -9.8% | |
| Q3 2024 | +29.8% | +29.1% | +14.1% | |
| Q2 2024 | -9.5% | -11.0% | -14.0% | |
| Q1 2024 | +17.3% | +15.7% | +8.1% | |
| Q4 2023 | +4.9% | +13.3% | +4.4% | |
| Q3 2023 | +2.3% | +1.4% | +14.0% | |
| Q2 2023 | -7.1% | -7.4% | -7.1% | |
| Q1 2023 | +16.1% | +14.0% | -12.4% | |
| Q4 2022 | -5.9% | +3.7% | +3.0% | |
| Q3 2022 | +2.0% | +3.9% | +29.6% | |
| Q2 2022 | -23.1% | -21.1% | -21.1% | |
| Q1 2022 | -10.7% | -11.6% | -15.7% | |
| Q4 2021 | -9.5% | -11.8% | -9.0% | |
| Q3 2021 | +5.9% | +18.7% | +12.2% | |
| Q2 2021 | -3.1% | -8.0% | -0.4% | |
| Q1 2021 | -6.6% | -6.4% | +3.1% | |
| Q4 2020 | +3.2% | +10.7% | +11.5% | |
| Q3 2020 | +8.1% | +12.6% | -1.0% | |
| Q2 2020 | -3.9% | -2.0% | -1.2% | |
| Q1 2020 | +7.4% | +10.9% | +5.6% | |
| Q4 2019 | -9.6% | -8.2% | -12.2% | |
| Q3 2019 | +9.1% | +2.2% | -11.5% | |
| Q2 2019 | -16.6% | -22.6% | -26.5% | |
| Q1 2019 | +13.7% | +20.7% | +16.1% | |
| Q4 2018 | +14.4% | +22.6% | +29.1% | |
| Q3 2018 | -14.2% | -5.7% | -7.8% | |
| Q2 2018 | +23.8% | +26.5% | +21.9% | |
| Q1 2018 | +19.1% | +25.8% | +37.3% | |
| Q4 2017 | +13.4% | +23.3% | +21.6% | |
| Q3 2017 | +5.8% | +4.8% | +6.6% | |
| Q2 2017 | -3.4% | +1.0% | -8.2% | |
| Q1 2017 | -17.1% | -16.8% | -18.9% | |
| Q4 2016 | -6.1% | -1.5% | +0.0% | |
| Q3 2016 | +5.8% | — | — | |
| Q2 2016 | +13.2% | — | — | |
| Q1 2016 | -11.6% | — | — | |
| Q4 2015 | +11.6% | — | — | |
| Q3 2015 | -8.8% | — | — | |
| Q2 2015 | -5.8% | — | — | |
| Q1 2015 | -8.2% | — | — | |
| Q4 2014 | +11.1% | — | — | |
| Q3 2014 | +25.4% | — | — | |
| Q2 2014 | +8.4% | — | — | |
| Q1 2014 | -3.0% | — | — | |
| Q4 2013 | +3.6% | — | — | |
| Q3 2013 | -10.4% | — | — | |
| Q2 2013 | +14.2% | — | — | |
| Q1 2013 | -5.6% | — | — | |
| Q4 2010 | +2.0% | — | — | |
| Q4 2012 | +2.6% | — | — | |
| Q3 2011 | -2.9% | — | — | |
| Q3 2012 | -6.1% | — | — | |
| Q2 2011 | -2.4% | — | — | |
| Q2 2012 | -1.3% | — | — | |
| Q4 2011 | -6.9% | — | — | |
| Q1 2011 | -6.9% | — | — | |
| Q1 2012 | -0.5% | — | — | |
| Q3 2010 | +3.7% | — | — |
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