Axon reports Q1 2026 revenue of $807 million, up 34% year over year

SCOTTSDALE, Ariz., May 6, 2026 /PRNewswire/ -- Software & Services revenue grows 35% to $355 million; AI products up over 700% year over year Counter-drone product revenue up over 300% year over year Net income of $169 million supports non-GAAP net income of $133 million and Adjusted EBITDA of $202 million Raises full-year revenue outlook to a range of 30% to 32% annual growth and maintains 25.5% Adjusted EBITDA margin Expects full-year operating cash flow of over $600 million and free cash flow of approximately $450 million Fellow shareholders, Axon entered 2026 with strong momentum, delivering record quarterly revenue and marking our ninth consecutive quarter of 30%+ growth.