Filing Flows › AeroVironment (AVAV) › Q4 FY26
AeroVironment (AVAV) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Jun 29, 2026
AeroVironment (AVAV) reported revenue of $642M for the fourth quarter fiscal 2026 (Q4 FY26), +133% from a year earlier and +57% from the quarter before. Operating margin was 8.9%, net earnings $63.2M (9.8% of revenue).
AeroVironment, Q4 FY26: revenue $642M (+133% year over year), operating margin 8.9%, net earnings $63.2M, operating cash flow $95.5M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $642M | +57% | +133% |
| Gross profit | $203M | +105% | +102% |
| Operating profit | $56.9M | — | +312% |
| Net earnings | $63.2M | — | +279% |
| Operating cash flow | $95.5M | — | — |
| Free cash flow | $79.1M | — | — |
What changed
Revenue was $641.6M in Q4 FY26, up 133% year over year and up 57% from the previous quarter. Precision Strike and Defense Systems was the largest line at 52% of revenue.
Gross margin was 31.6%, down 4.9 points from Q4 FY25. Operating profit was $56.9M, a 8.9% margin (up 3.9 points year over year). Of the extra revenue versus Q4 FY25, 12% reached operating profit, above the 5% margin then. Operating expenses grew 68% against revenue growth of 133%. The fastest-growing cost line was SG&A (+164%). Net earnings were $63.2M, up 279% year over year. The effective tax rate was 20.2%. Non-operating items added $22.3M, 28% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $95.5M, 151% of net earnings. Non-cash charges added back $62.1M of depreciation and amortization and $10.3M of share-based compensation. Working capital and other items used $40.0M. Capital expenditures of $16.4M left free cash flow of $79.1M.
Questions
What was AeroVironment's revenue in the fourth quarter fiscal 2026?
AeroVironment (AVAV) reported revenue of $642M for the fourth quarter fiscal 2026 (Q4 FY26), +133% from a year earlier and +57% from the quarter before.
Was AeroVironment profitable in the fourth quarter fiscal 2026?
Operating profit was $56.9M (8.9% of revenue) and net earnings $63.2M.
Source: AeroVironment 10-K on SEC EDGAR.