Wall Street analysts expect Axon Enterprise to report Q1 revenue of approximately $784.35 million and GAAP EPS of $0.03, with the stock currently trading near $393.75—representing significant upside potential compared to the average analyst price target of $717.90.
Investors are primarily focused on the growth of Annual Recurring Revenue (ARR), which is projected to reach $1.46 billion as the company accelerates its software-heavy subscription model.
This quarter follows a record-breaking performance in late 2025 where full-year bookings surged to $7.4 billion, providing high visibility into future revenues. Strategic expansion into AI-driven public safety tools and the successful integration of recent acquisitions are expected to be the primary drivers of long-term margin expansion.