Quick answer: latest quarter results, by ticker or company name

Reported Q: Q2 2025 Rev YoY: +4.2% EPS YoY: -59.1% Move: +6.67%

AeroVironment Inc

AVAV

$274.35 6.67%

Exchange NASDAQ Sector Industrials Industry Aerospace Defense

Q2 2025

Published: Dec 5, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for AVAV

Reported

Report Date

Dec 5, 2024

Quarter Q2 2025

Revenue

188.46M

YoY: +4.2%

EPS

0.27

YoY: -59.1%

Market Move

+6.67%

Previous quarter: N/A

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Earnings Highlights

Revenue of $188.46M up 4.2% year-over-year
EPS of $0.27 decreased by 59.1% from previous year
Gross margin of 39.1%
Net income of 7.54M
"Revenue rose to $188 million, representing a new second-quarter record for the company. LMS was the strongest revenue growth driver with nearly $78 million in Q2 revenue; a 61% year-over-year increase." - Wahid Nawabi

AVAV

Company AVAV

Period Q2 2025

Currency USD

Report Type Quarterly Earnings

Generated Feb 9, 2026

Executive Summary

AeroVironment reported a robust second quarter of fiscal 2025 (QQ2 2025) with revenue of $188.46 million, a new quarterly record and up 4.2% year over year. The strength was driven primarily by the Loitering Munition Systems (LMS) segment, which posted $77.7 million in revenue, a 157% YoY increase, underscoring the strong demand for Switchblade variants and the stabilization of the UCAS awards. The Uncrewed Systems (UxS) segment delivered approximately $85.4 million in revenue, but was down 36% YoY largely due to a sharp drop in Ukraine-related sales, highlighting AVAV’s ongoing strategic pivot to diversify revenue sources away from Ukraine exposure. MacCready Works contributed $25.3 million, with HAPS-related activity fueling top-line growth in that segment.

Key Performance Indicators

Revenue

Increasing

188.46M

QoQ: -0.54% | YoY: 4.23%

Gross Profit

Decreasing

73.64M

39.07% margin

QoQ: -7.68% | YoY: -2.27%

Operating Income

Decreasing

7.01M

QoQ: -69.62% | YoY: -72.17%

Net Income

Decreasing

7.54M

QoQ: -64.36% | YoY: -57.72%

EPS

Decreasing

0.27

QoQ: -64.47% | YoY: -59.09%

Revenue Trend

Margin Analysis

Financial Highlights

Key quarterly metrics and trends (Q2 FY2025 vs Q2 FY2024 where available):
- Revenue: $188.46M, up 4.23% YoY; QoQ: -0.54% (per earnings data).
- Gross margin: GAAP 39.0%; adjusted gross margin 41.0% (lower vs. prior-year due to mix shift toward LMS).
- Operating income: GAAP 7.01M; adjusted EBITDA: $25.90M (down vs. $39.5M prior-year, reflecting higher SG&A/R&D in the period).
- Net income: $7.54M; GAAP EPS: $0.27; Adjusted/diluted non-GAAP EPS: $0.47.
- Backlog: funded backlog $467.1M (up 25% QoQ); unfunded backlog approximately $1.8B; 95% visibility to the midpoint of revenue guidance.
- Segments mix (Q2): UxS $85.4M (down 36% YoY, Ukraine exposure declined); LMS $77.7M (up 157% YoY); MacCready Works $25.3M.
- Cash and liquidity: cash and cash equivalents end of period $68.96M; total cash/investments $91.2M; total debt $35.28M; net debt to cash flow position: net cash approx. -$33.68M.
- Guidance: reaffirmed FY2025 revenue, adjusted EBITDA, and non-GAAP EPS; Q3 projected to be ~40% of H2 revenue; BlueHalo transaction pending close in H1 2025 (pro forma guidance to reflect post-close).

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	188.46M	4.23%	-0.54%
Gross Profit	73.64M	-2.27%	-7.68%
Operating Income	7.01M	-72.17%	-69.62%
Net Income	7.54M	-57.72%	-64.36%
EPS	0.27	-59.09%	-64.47%

Key Financial Ratios

Gross Profit Margin

Fair

39.10%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Weak

3.72%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Fair

4.00%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

0.74%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

0.88%

Return on equity suggests inefficient capital allocation

Current Ratio

Strong

4.61

Current ratio indicates excellent liquidity and financial flexibility

Debt to Equity

Conservative

0.04

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

High Growth

205.07x

Very high P/E indicates aggressive growth expectations, higher risk

Price to Book

High Premium

7.21x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2026	183.89	-0.31	-2.4%	View
Q1 2026	313.53	-1.44	+65.5%	View
Q4 2025	242.23	0.59	+23.0%	View
Q3 2025	167.64	-0.06	-10.2%	View
Q2 2025	188.46	0.27	+4.2%	View

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AeroVironment Inc (AVAV) Q2 2025 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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