Axon Enterprise (AXON) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $1.88
- Estimate
- $1.84
- Surprise
- +2.0%
- Revenue (period 2026-06-30)
- $904.4M
- Score at report (before → after)
- 5.9 → 5.9/10
Revenue source: xbrl.
How the report landed
Axon Enterprise (AXON) beat the $1.84 estimate with adjusted EPS of $1.88 — a modest 2.0% upside surprise. TrendMatrix's engine moved from Hold (5.9/10) to Buy (Wait) at 5.9/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates AXON Sell at 5.0/10.
3 of the last 4 quarters beat the estimate; this quarter's +2.0% surprise compares with a +3.3% four-quarter average. Next scheduled report: 2026-11-05.
What supports the rating
- Analyst upside: 47%
What argues against it
- V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2)
- Sector modifier (Industrials): -0.7
- Weak overall score: 5.0/10
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $416.57
- Price target
- $612.33
- Stop
- $387.41
- Upside to target
- +47.0%
- Reward-to-risk
- 5.0:1
The stock trades at 176.5× trailing but 40.5× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-11-04 — shown for context, not personalized investment advice.
AXON at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Aerospace & Defense
- Market cap
- $34.56B
- P/E (fwd)
- 40.5
- P/E (ttm)
- 176.5
- 52-week range
- $339.01–$738.23
- Off 52-week high
- 43.6%
- RSI (14)
- 53
- Volume vs avg
- 0.78×
- Score today
- 5.0/10