Axon Enterprise stock heads toward November 3 earnings with 32 percent outlook

Published on 10/05/2026 at 23:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Axon Enterprise reported USD 904.39 million in Q2 revenue, up 35.3 percent year over year. The stock was last at USD 411.81 on October 5.

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Axon Enterprise (ISIN US05464C1018) is heading toward its November 3 earnings date with a 2026 revenue-growth outlook of 32 percent to 34 percent. The stock was last at USD 411.81 on Nasdaq on October 5, 2026, with a daily change of -0.37 percent.

Q2 growth sets the bar

Axon's second-quarter 2026 revenue reached USD 904.39 million, up 35.3 percent from the prior-year quarter, according to StockTitan in its August 5, 2026 filing summary. The quarter also produced adjusted EBITDA of USD 242 million and a 26.8 percent adjusted EBITDA margin.

GAAP net income was USD 29 million for Q2 2026, while operating cash flow reached USD 20 million. The same filing summary lists annual recurring revenue of USD 1.6 billion, up 39 percent, and future contracted bookings of USD 15.1 billion, up 41 percent.

Convertible notes add a capital test

Axon issued USD 1.15 billion of 0 percent convertible senior notes due September 15, 2031, including USD 150 million from the underwriters' over-allotment, according to StockTitan on September 21, 2026. The initial conversion price is USD 652.06 per share, while Axon paid USD 114.9 million for capped-call transactions intended to reduce potential dilution.

The financing gives Axon capital for general corporate purposes, including acquisitions and growth investments. It also creates a clear valuation checkpoint because the conversion price stands USD 240.25 above the October 5 stock price.

Analysts see a wide target gap

MarketBeat reported on September 17, 2026, that 17 analysts gave Axon a Moderate Buy consensus, with 14 Buy ratings and three Hold ratings. The average 12-month target was USD 721.5714, which is 75.2 percent above the October 5 price.

The spread between operating momentum and valuation now frames the next report. Revenue growth above 30 percent supports the outlook, while Q2 GAAP net income of USD 29 million and the convertible financing keep profitability, cash generation and dilution in view.

November 3 is the next checkpoint

Yahoo Finance lists November 3, 2026, as Axon's next earnings date. Axon stock was last at USD 411.81 on Nasdaq on October 5, 2026, against a 52-week range of USD 339.01 to USD 764.02 and a market capitalization of USD 33.2 billion.