NASDAQ$AVAV

AeroVironment Inc. · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

AeroVironment achieved record revenue and solid operating performance.

AeroVironment reported a record first quarter revenue of $189.5 million, a 24% increase year-over-year. Net income for the quarter was $21.2 million, with non-GAAP EPS at $0.89. The company was awarded a U.S. Army Lethal Unmanned Systems IDIQ with a contract ceiling value of $990 million.

  • Record first quarter revenue of $189.5 million, up 24% year-over-year.
  • Net income reached $21.2 million and adjusted EBITDA was $37.2 million.
  • Awarded U.S. Army Lethal Unmanned Systems IDIQ with a contract ceiling value of $990 million and initial funding of $128 million.
  • Loitering Munition Systems segment revenue increased 68% year-over-year.

Headline financials

Total Revenue

$189M

Previous: $152M+24.4%
EPS (adj)

$0.89

Previous: $1.00-11.0%
Capital Expenditures

-$5.43M

Previous: -$3.63M-49.5%
Free Cash Flow

$15.7M

Previous: $18.3M-13.8%
Net Income

$21.2M

Previous: $21.9M-3.3%
Operating Income

$23.1M

Previous: $26.4M-12.5%
Gross Profit

$81.5M

Previous: $65.7M+24.1%
Cash & Equivalents

$81.2M

Previous: $106M-23.3%
Total Assets

$999M

Previous: $826M+21.0%
R&D Expense

$24.6M

No prior period
Stock-Based Comp

$4.54M

Previous: $3.2M+41.6%

Revenue & EPS history

AeroVironment · Revenue · Quarterly

$189M

Q1 2025+24.4%vs Q1 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

For fiscal year 2025, the Company continues to expect revenue of between $790 million and $820 million, net income of between $74 million and $83 million, Non-GAAP adjusted EBITDA of between $143 million and $153 million, earnings per diluted share of between $2.61 and $2.92 and non-GAAP earnings per diluted share, which excludes amortization of intangible assets, other non-cash purchase accounting expenses and equity securities investments gains or losses, of between $3.18 and $3.49.

Tailwinds

  • Revenue is expected to be between $790 million and $820 million.
  • Net income is projected to be between $74 million and $83 million.
  • Non-GAAP adjusted EBITDA is anticipated to be between $143 million and $153 million.
  • Earnings per diluted share are forecasted to be between $2.61 and $2.92.
  • Non-GAAP earnings per diluted share are expected to be between $3.18 and $3.49.

Headwinds

  • Estimates are forward-looking and subject to risks and uncertainties.
  • Ability to efficiently and on a timely basis integrate acquisitions.
  • Ability to obtain and retain government contracts.
  • Changes in the timing and/or amount of government spending.
  • General economic and business conditions in the United States and elsewhere in the world.

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 2025

Historical avgQ1 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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