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
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: 2026-11-03.
What supports the rating
- Strong earnings beat streak (3/4)
- Analyst upside: 45%
What argues against it
- V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2)
- Sector modifier (Industrials): -0.7
- Negative momentum
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
- $436.97
- Price target
- $633.69
- Stop
- $418.08
- Upside to target
- +45.0%
- Reward-to-risk
- 4.5:1
The stock trades at 192.6× trailing but 42.7× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 25 — a level conventionally read as oversold.
Model outputs from TrendMatrix’s engine as of 2026-09-24 — 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
- $36.61B
- P/E (fwd)
- 42.7
- P/E (ttm)
- 192.6
- 52-week range
- $339.01–$789.29
- Off 52-week high
- 44.6%
- RSI (14)
- 25
- Volume vs avg
- 0.38×
- Score today
- 5.0/10