For the first quarter of 2026, analysts anticipate Axon Enterprise to report consensus revenue of $779.6 million and adjusted EPS of $1.60, with shares recently trading at $403.54 compared to a mean price target of $678.50.
Investors are primarily focused on the growth of Annual Recurring Revenue (ARR), which serves as a critical indicator of the company’s transition to a high-margin software-as-a-service ecosystem.
Sentiment remains bullish following a 700% surge in AI product revenue and the rapid scaling of the Dedrone counter-drone segment, which saw bookings grow 500% year-over-year. Investors are also looking for updates on the "Draft One" AI suite and international expansion, which now accounts for approximately 20% of total sales.