AVAV
AeroVironment, Inc.

AeroVironment, Inc.AVAV

Industrials · Aerospace & Defense
156.15USD
-2.95%
Sep 23, 2026
AVAV overview ready
Key Supplier of Tactical Uncrewed Aircraft and Counter-Drone Systems
AeroVironment is a direct defense-technology supplier of tactical uncrewed aircraft, precision loitering munitions, counter-UAS systems, autonomy and command-and-control capabilities.
Direct narrative exposure
Exposed to the Defense Rearmament and Industrial Base narrative through Unmanned Systems and Counter-Drone — pure play.
Price trend is broken
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Unremarkable fundamentals
Primary risk
Dependence on U.S. Government defense budgets.
Market Sep 22Filing Aug 1Price action Sep 22Research Aug 30

Conviction Level

NarrativeHeat8.3ThemeHeat8.0PriceAction3.4Valuation3.5CompanyPosition9.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$7.9B
Avg Volume (60D)
1.7M
60 sessions
Revenue Growth YoY
+140.9%
FY2026 vs FY2025
Gross Margin
+26.5%
Trailing twelve months
Operating Margin
-12.6%
Trailing twelve months
Free Cash Flow Yield
-0.3%
Distance from 200DMA
-24.1%
Next Earnings
2026-12-02
P/E
N/M
EV / Sales
4.0x
Market metrics as of Sep 22, 2026
Financial results for the period ended Aug 1, 2026
Filed balance-sheet data as of Aug 1, 2026

Fundamentals & Valuation

Two of the three valuation perspectives say cheap; intrinsic is the dissenting view. The published stance is held at fair because no positive free cash flow behind the low multiple.
AeroVironment, Inc. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
AeroVironment is a direct defense-technology supplier of tactical uncrewed aircraft, precision loitering munitions, counter-UAS systems, autonomy and command-and-control capabilities.
Opportunity
High opportunity
Defense procurement and allied rearmament centered on scalable uncrewed ISR and strike platforms, loitering munitions, and systems that detect, disrupt, or defeat proliferating small-drone threats.
Key risk
Dependence on U.S. Government defense budgets.

Narrative & Theme

Defense Rearmament and Industrial Base
Part of Unmanned Systems and Counter-Drone, with strong fit.
AVAV is literally included in the active Unmanned Systems and Counter-Drone theme and has unusually direct revenue exposure to both sides of the current battlefield drone cycle: tactical UAS and loitering munitions for reconnaissance/precision strike, plus counter-UAS systems for drone defense.
Narrative HeatHeating up8.3 / 10
Theme HeatHeating up8.0 / 10

Business & Markets

Industrials · Aerospace & Defense
What they do

AeroVironment, Inc. designs, develops, produces, and supports robotic systems, primarily uncrewed aircraft systems and related technologies, serving government and commercial customers in the U.S. Internationally through two segments: Autonomous Systems and Space, Cyber and Directed Energy.

How it earns

The company generates revenue primarily through project-based sales of hardware and software solutions, along with related services and support contracts.

Products & services
Small and medium uncrewed aircraft systems (UAS)
Kinesis command and control software
Counter-UAS systems
Loitering munitions solutions
Customers & end markets
Government agencies
Defense contractors
International defense markets
Market position

AeroVironment is a best-in-class drone supplier with a growing presence in munitions and loitering systems.

Demand drivers
Medium cyclicality

Demand is influenced by government defense budgets and procurement cycles, which can fluctuate with geopolitical and budgetary factors.