Q3 25 EPS
$1.17
MISS 24.08%
Est. $1.54
Q3 25 Revenue
$710.6M
BEAT +0.82%
Est. $704.8M
vs S&P Since Q3 25
-34.4%
TRAILING MARKET
AXON -28.0% vs S&P +6.4%
Market Reaction
Did AXON Beat Earnings? Q3 2025 Results
Axon Enterprise delivered a mixed third quarter that sent shares tumbling in after-hours trading, as a headline earnings miss overshadowed another strong revenue performance. The company posted Q3 2025 revenue of $710.64 million, up 30.6% year over y… Read more Axon Enterprise delivered a mixed third quarter that sent shares tumbling in after-hours trading, as a headline earnings miss overshadowed another strong revenue performance. The company posted Q3 2025 revenue of $710.64 million, up 30.6% year over year and nudging past the $704.83 million consensus by 0.82%, marking its seventh consecutive quarter of 30%-plus top-line growth. The stumble came on the bottom line, where non-GAAP EPS of $1.17 fell short of the $1.54 consensus estimate by 24.08%, weighed down partly by modest gross margin compression tied to global tariffs and a richer mix of lower-margin Platform Solutions hardware. Software and Services remained the engine of the business, climbing 41% to $305.24 million and pushing annual recurring revenue to $1.25 billion. Robert W. Baird maintained its Buy rating with a $900 price target following the results. Looking ahead, Axon raised its full-year 2025 revenue outlook to approximately $2.74 billion, implying roughly 31% annual growth, with Q4 revenue guided to $750 million to $755 million.
Key Takeaways
- • Premium software adoption driving Software & Services revenue growth of 41% YoY
- • Strong demand for TASER 10 and Axon Body 4
- • Counter-drone equipment driving Platform Solutions growth of 71% YoY
- • Annual recurring revenue grew 41% to $1.3 billion
- • Net revenue retention of 124%
- • Future contracted bookings grew 39% to $11.4 billion
AXON YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
AXON Revenue by Segment
With YoY comparisons, source: SEC Filings
AXON Revenue by Geography
With YoY comparisons, source: SEC Filings
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 | — |