Axon Enterprise issues USD 1.15 billion debt. Axon Enterprise stock gains 1.37 percent
Published on 10/01/2026 at 14:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Axon Enterprise (ISIN US05464C1018) was trading at EUR 378.30 at Lang & Schwarz on October 1, 2026 at 2:10 p.m. CEST, up 1.37 percent from the prior close of EUR 373.20. The company issued and sold USD 1.15 billion of zero-interest convertible notes due 2031 on September 21, 2026, according to StockTitan.
Debt adds capital and dilution risk
The notes mature on September 15, 2031 and carry an initial conversion price of USD 652.06 per share. The filing also states that Axon paid USD 114.90 million for capped call transactions intended to reduce potential dilution, while the remaining proceeds are available for general corporate purposes.
Axon initially planned USD 1.00 billion of notes and received an additional USD 150.00 million through the underwriters' option. The completed financing gives the public-safety technology company more capital for growth and acquisitions, but conversion terms make capital structure an important investor variable.
Revenue growth remains the counterweight
In the second quarter of 2026, Axon reported revenue of USD 904.00 million, up 35.00 percent year over year, according to StockTitan. Software and Services revenue rose 36.00 percent to USD 398.00 million, while Connected Devices revenue increased 35.00 percent to USD 507.00 million.
Adjusted EBITDA reached USD 242.00 million, equal to a 26.80 percent margin, while GAAP net income was USD 29.00 million. Annual recurring revenue grew 39.00 percent to USD 1.60 billion, and net revenue retention reached 126.00 percent, showing why recurring software revenue remains central to the growth case.
Management raised its 2026 revenue growth outlook to 32.00 percent to 34.00 percent from 30.00 percent to 32.00 percent, while retaining an adjusted EBITDA margin target of 25.50 percent, the same filing summary states.
Goldman Sachs trims its target
Goldman Sachs cut its Axon target from USD 715.00 to USD 675.00 and maintained a Buy rating on September 21, 2026, as reported by Yahoo Finance. The reduction equals 5.59 percent, calculated against the former USD 715.00 target, and introduces a more cautious valuation counterweight to the company's 35.00 percent quarterly revenue growth.
Stock gains 1.37 percent in trading
Axon Enterprise stock was trading at EUR 378.30 at Lang & Schwarz on October 1, 2026 at 2:10 p.m. CEST, compared with the prior close of EUR 373.20. The Nasdaq-listed stock has a USD 339.01 to USD 764.02 52-week range and a market capitalization of USD 34.1 billion as of September 30, 2026.
The further course of trading is shown by the continuously updated real-time quote of Axon Enterprise stock.
Axon Enterprise stock facts
- Company: Axon Enterprise, Inc.
- ISIN: US05464C1018
- Ticker: AXON
- Primary exchange: NASDAQ
- Price Lang & Schwarz as of October 1, 2026 at 2:10 p.m. CEST: EUR 378.30
- Change versus prior close: plus 1.37 percent
- Prior close Lang & Schwarz September 30, 2026: EUR 373.20
- Market capitalization: USD 34.1 billion as of September 30, 2026
- 52-week range: USD 339.01-764.02 as of September 30, 2026
- Sector / Industry: Industrials / Aerospace and Defense
