Aerovironment, Inc. · NASDAQ:AVAV
Aerovironment — Q1 FY2026 Earnings Presentation
13 slides from Aerovironment's earnings presentation, Sep 9, 2025
Slide 1: First Quarter Fiscal Year 2026 Earnings Conference Call
SEPTEMBER 9, 2025 First Quarter Fiscal Year 2026 Earnings Conference Call
Slide 2: Safe Harbor Statement
This presentation contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward- looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, a
Slide 3: First Quarter Fiscal Year 2026 Key Messages
First Quarter Fiscal Year 2026 Key Messages First quarter revenue of $455 million Rapidly growing opportunities for AV products driven by strong revenue growth across in all defense domains across air, land, sea, both AxS and SCDE segments space and cyber that are directly aligned to our customers’
Slide 4: First Quarter Fiscal Year 2026 Results
First Quarter Fiscal Year 2026 Results Metric Q1 FY26 Notes Revenue $454.7 M GAAP • Strong revenue growth across both segments Gross Margin $95.1 M • Increased services mix with BlueHalo acquisition and higher intangible amortization Non-GAAP Adjusted • SG&A = 29% of revenue $56.6 M EBITDA1 • R&D =
Slide 5: Revenue Mix, Adjusted Profitability and Non-GAAP EPS
Revenue Mix, Adjusted Profitability and Non-GAAP EPS QUARTERLY REVENUE BY SEGMENT1 ADJUSTED GROSS MARGIN2 NON-GAAP DILUTED EPS3 ($M) $600.0 $1.00 $494.1 $0.89 $500.0 40% $432.3 $454.7 36% $0.80 $384.9 $400.0 $383.4 29% $0.60 $300.0 20% $0.40 $200.0 $0.32 13% $100.0 $0.20 $- $- Q1 FY25 Q2 FY25 Q3 FY2
Slide 6: Updated Guidance: Fiscal 2026 Outlook
Updated Guidance: Fiscal 2026 Outlook AS OF 09/09/2025 FY26 Q1 RESULTS FY26 GUIDANCE NOTES / ASSUMPTIONS 1st Half = 45% Revenue $455 million $1.9 to $2.0 billion 2nd Half = 55% • EBITDA % Trending 10%-12% in Q1 to High Teens % by Q4 • Adj. Gross Margins 29% to 31% Adjusted EBITDA $300 million–$320
Slide 7: Visibility for FY26
Visibility for FY26 Revenue [Millions] $2,500 $2,250 Revenue Guidance $2,000 Range: $1.9 to $ 2.0B $1,750 82% visibility 1 Company visibility $1,500 70% visibility 1 $175.4 $115.5 supports $1,250 $245.4 Revenue: Unfunded Backlog Anticipated this FY revenue $112.0 guidance $1,000 Revenue: Qtr-to-Date
Slide 8: Financial Tables
SA\> Financial Tables
Slide 9: Reconciliation of Non-GAAP Earnings per Diluted Share (unaudited)
APPENDIX A - FINANCIAL TABLES Reconciliation of Non-GAAP Earnings per Diluted Share (unaudited) Three months ended Three months ended August 2, 2025 July 27, 2024 (Loss) Earnings per diluted $(1.44) $0.75 share Acquisition-related expenses $0.52 $0.00 Amortization of acquired intangible assets and o
Slide 10: GAAP to Non-GAAP Reconciliation of Adjusted Gross Margin
APPENDIX B - FINANCIAL TABLES GAAP to NON-GAAP Reconciliation of Adjusted Gross Margin 1st Quarter (in thousands) FY2026 Products Gross Margin $ 82,846 Intangible Amortization $ 31,245 Adjusted Gross Margin $ 114,091 Adj. Prod GM% 36% Services Gross Margin $ 12,272 Intangible Amortization $ 6,134 Ad
Slide 11: Net Income to EBITDA and Non-GAAP Adjusted EBITDA Reconciliation
APPENDIX C - FININACIAL TABLES Net Income to EBITDA and non-GAAP Adjusted EBITDA Reconciliation Fiscal 1st (in $ millions) Quarter 2026 Net loss from continued operations (67.4) Interest Expense, net 17.4 Tax benefit (15.2) Depreciation and amortization 90.3 EBITDA (Non-GAAP) 25.1 Cloud amortization
Slide 12: GAAP to Non-GAAP Reconciliation of Earnings per Diluted Share (unaudited)
APPENDIX A - FINANCIAL TABLES GAAP to Non-GAAP Reconciliation of Earnings per Diluted Share (unaudited) Fiscal year ended Fiscal year ended April 30, 2025 April 30, 2026 Earnings (loss) per diluted share $1.55 $(1.63)-(1.53) Acquisition-related expenses $0.54 $0.73 Amortization of acquired intangibl
Slide 13: Reconciliation of 2026 Forecast and Fiscal Year 2025 Non-GAAP Adjusted EBITDA
APPENDIX E - FININACIAL TABLES Reconciliation of 2026 Forecast and Fiscal Year 2025 Non-GAAP adjusted EBITDA (Unaudited) Fiscal year Fiscal year ended April 30, ended April 30, (in millions) 2026 2025 Net (loss) income $ (77) – (72) $ 44 Interest Expense, net 1-0 2 Tax (benefit) / provision (30) – (