Filing Flows › Axon Enterprise (AXON) › Q2 2026
Axon Enterprise (AXON) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Axon Enterprise (AXON) reported revenue of $904M for the second quarter 2026 (Q2 2026), +35% from a year earlier and +12% from the quarter before. Operating margin was 5.2%, net earnings $29.4M (3.3% of revenue).
Axon Enterprise, Q2 2026: revenue $904M (+35% year over year), operating margin 5.2%, net earnings $29.4M, operating cash flow $20.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $904M | +12% | +35% |
| Gross profit | $546M | +14% | +35% |
| Operating profit | $46.8M | +60% | — |
| Net earnings | $29.4M | -83% | -19% |
| Operating cash flow | $20.1M | — | — |
What changed
Revenue was $904.4M in Q2 2026, up 35% year over year and up 12% from the previous quarter. Service was the largest line at 44% of revenue. Service added $105.7M year over year (up 36%), 45% of the total change.
Gross margin was 60.4%, unchanged from a year earlier. Operating profit was $46.8M, a 5.2% margin (up 5.3 points year over year). Operating expenses grew 23% against revenue growth of 35%. The fastest-growing cost line was Research & development (+28%). Net earnings were $29.4M, down 19% year over year. The effective tax rate was 10.0%.
Operating cash flow was $20.1M, 68% of net earnings. Non-cash charges added back $32.5M of depreciation and amortization and $144.0M of share-based compensation. Working capital and other items used $185.8M. Capital expenditures of $21.0M exceeded it, leaving free cash flow of −$1.0M.
Questions
What was Axon Enterprise's revenue in the second quarter 2026?
Axon Enterprise (AXON) reported revenue of $904M for the second quarter 2026 (Q2 2026), +35% from a year earlier and +12% from the quarter before.
Was Axon Enterprise profitable in the second quarter 2026?
Operating profit was $46.8M (5.2% of revenue) and net earnings $29.4M.
Source: Axon Enterprise 10-Q on SEC EDGAR.