Filing Flows › AeroVironment (AVAV) › Q1 FY27 › vs Q4 FY26
AeroVironment (AVAV) Q1 FY27 vs Q4 FY26 (quarter over quarter)
AeroVironment's revenue fell $161M (-25%) from $642M in Q4 FY26 to $480M in Q1 FY27. The biggest changes: Precision Strike and Defense Systems −$136M (-41%); Space and Directed Energy −$22.0M (-30%); Other −$9.7M (-25%).
AeroVironment, Q1 FY27: revenue $480M (+6% year over year), operating margin -2.3%, net loss $5.1M, operating cash flow $13.5M. The chart draws each line against Q4 FY26, the increases inside each band.
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Precision Strike and Defense Systems | $197M | $333M | −$136M | -41% |
| Uncrewed Aircraft Systems | $120M | $121M | −$573K | -0.5% |
| Cyber and Mission Solutions | $83.0M | $75.6M | $7.4M | +10% |
| Space and Directed Energy | $51.5M | $73.5M | −$22.0M | -30% |
| Other | $28.6M | $38.3M | −$9.7M | -25% |
| Revenue | $480M | $642M | −$161M | -25% |
| Other income, net | $5.4M | $22.3M | −$16.9M | -76% |
| Income tax benefit | $397K | −$16.0M | $16.4M | — |
| Net loss | $5.1M | −$63.2M | $68.2M | — |
| Costs & expenses | $491M | $664M | −$173M | -26% |
| Operating costs | $491M | $585M | −$93.3M | -16% |
| Cost of revenue | $356M | $439M | −$83.1M | -19% |
| Research & development | $24.0M | $31.5M | −$7.5M | -24% |
| SG&A | $112M | $114M | −$2.7M | -2% |
| Operating cash sources | $61.0M | $72.3M | −$11.4M | -16% |
| Depreciation & amortization | $56.0M | $62.1M | −$6.0M | -10% |
| Share-based compensation | $4.9M | $10.3M | −$5.3M | -52% |
| Net loss absorbed | $5.1M | −$63.2M | $68.2M | — |
| Working capital & other | $42.4M | $40.0M | $2.4M | +6% |
| Operating cash flow | $13.5M | $95.5M | −$82.0M | -86% |
| Capital expenditures | $44.0M | $16.4M | $27.6M | +168% |
| Negative free cash flow (OCF − capex) | $30.5M | −$79.1M | $110M | — |
Questions
How much did AeroVironment's revenue grow quarter over quarter in Q1 FY27?
AeroVironment's revenue fell $161M (-25%) from $642M in Q4 FY26 to $480M in Q1 FY27.
What drove AeroVironment's revenue change in Q1 FY27?
Precision Strike and Defense Systems −$136M (-41%); Space and Directed Energy −$22.0M (-30%); Other −$9.7M (-25%).