Q2 25 EPS
$2.12
BEAT +45.02%
Est. $1.46
Q2 25 Revenue
$668.5M
BEAT +4.30%
Est. $641.0M
vs S&P Since Q2 25
-62.8%
TRAILING MARKET
AXON -48.1% vs S&P +14.8%
Market Reaction
Did AXON Beat Earnings? Q2 2025 Results
Axon Enterprise turned in a standout second quarter, delivering non-GAAP diluted EPS of $2.12 against a consensus estimate of $1.46, a 45.02% beat, while revenue of $668.54 million topped expectations by 4.30% and grew 32.9% year over year, marking t… Read more Axon Enterprise turned in a standout second quarter, delivering non-GAAP diluted EPS of $2.12 against a consensus estimate of $1.46, a 45.02% beat, while revenue of $668.54 million topped expectations by 4.30% and grew 32.9% year over year, marking the company's sixth consecutive quarter above 30% growth. The primary engine behind the outperformance was Software & Services, which surged 39% to $292.18 million as demand for AI-powered productivity tools and digital evidence management drove annual recurring revenue up 39% to $1.18 billion, with net revenue retention expanding to 124%. Connected Devices contributed $376.36 million, lifted by strong TASER 10 sales and an 86% jump in Platform Solutions on counter-drone and VR training equipment demand. Future contracted bookings grew 43% to $10.70 billion, underscoring the durability of the growth runway, and management raised full-year 2025 revenue guidance to $2.65 billion to $2.73 billion, representing roughly 29% annual growth at the midpoint. Investors closely watched the stock's reaction as the company also lifted its adjusted EBITDA guidance to $665 million to $685 million.
Key Takeaways
- • Growing adoption of premium digital evidence management solutions driving Software & Services growth of 39%
- • Strong demand for TASER 10 devices and associated cartridges
- • Axon Body 4 adoption driving Personal Sensors growth
- • Counter-drone equipment and VR training driving Platform Solutions growth of 86%
- • Net revenue retention expanding to 124%, reflecting expansion within existing customer base
- • Annual recurring revenue growth of 39% to $1.2 billion
AXON YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
AXON Revenue by Segment
With YoY comparisons, source: SEC Filings
AXON Revenue by Geography
With YoY comparisons, source: SEC Filings
“Our job is to solve real problems. By listening to our customers and building what they need most, we create value.”
— Rick Smith, Q2 2025 Earnings Press Release
AXON Earnings Trends
AXON vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AXON EPS Trend
Earnings per share: estimate vs actual
AXON Revenue Trend
Quarterly revenue: estimate vs actual
AXON Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $1.60 | $2.15 | +34.38% | $796.7M | +5.59% |
| FY Full Year | $6.32 | $6.85 | +8.47% | $2.78B | +1.54% |
| Q3 25 MISS | $1.54 | $1.17 | -24.08% | $710.6M | +0.82% |
| Q2 25 BEAT | $1.46 | $2.12 | +45.02% | $668.5M | +4.30% |
| Q1 25 BEAT | $1.24 | $1.41 | +13.52% | $603.6M | +2.95% |
| Q4 22 BEAT FY | $0.51 | $0.70 | +37.25% | $336.1M | +9.90% |
| FY Full Year | — | $2.19 | — | $1.19B | — |