Axon Enterprise stock fell 6.45 percent on October 16, 2026, at 161.81 times earnings

Published on 10/17/2026 at 22:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 35.30 percent to USD 904.39 million in the June quarter. Axon Enterprise stock was USD 390.29 on October 16, 2026, down 6.45 percent on Nasdaq.

Price and earnings dates

Axon Enterprise stock fell 6.45 percent on October 16, 2026, while its price-to-earnings ratio stood at 161.81.
Revenue reached USD 904.39 million in the second quarter of 2026, up 35.30 percent year over year.
Axon Enterprise stock was last at USD 390.29 on October 16, 2026 at 4:00 p.m. ET, down 6.45 percent versus the prior close of USD 417.19.
The next earnings report is estimated for November 3, 2026, after the market close.

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Axon Enterprise stock fell 6.45 percent on October 16, 2026, while its price-to-earnings ratio stood at 161.81. The decline left the stock at USD 390.29 on Nasdaq at 4:00 p.m. ET, versus a prior close of USD 417.19. Investing.com reported on October 13, 2026 that TD Cowen reiterated a Buy rating and an USD 825.00 target.

Second-quarter growth stays strong

Axon reported USD 904.39 million of revenue for the second quarter ended June 30, 2026, an increase of 35.30 percent from the same quarter a year earlier, according to MarketWatch. Net income was USD 29.43 million, while diluted earnings per share came to USD 0.36. The company also reported annual recurring revenue of USD 1.64 billion for the quarter.

The quarterly revenue split shows software and services at USD 397.84 million, up 36.20 percent year over year, and connected devices at USD 506.55 million, up 34.60 percent. Axon also raised its full-year 2026 revenue-growth outlook to 32.00 percent to 34.00 percent in the August 5 shareholder letter carried in the filing.

Range puts valuation in perspective

The Nasdaq stock's 52-week range was USD 339.01 to USD 764.02. At USD 390.29, it stood 48.92 percent below the high and 15.14 percent above the low. Trading volume reached 1,420,073 shares against an average of 960,065.

Valuation and next earnings date

Axon's market capitalization was USD 31.7 billion, and its price-to-earnings ratio was 161.81 as of October 16, 2026. MarketBeat estimated the next earnings report for November 3, 2026, after the market close, with consensus revenue of USD 939.35 million.

Comparison with peers

Axon Enterprise (Nasdaq, USD): minus 6.45 percent, P/E 161.81, market capitalization USD 31.7 billion.
Motorola Solutions (NYSE, USD): plus 1.47 percent, P/E 36.46, market capitalization USD 76.6 billion.
Palantir Technologies (Nasdaq, USD): minus 7.22 percent, P/E 157.65, market capitalization USD 428.0 billion.

Price and investor dates

The October 16 decline came with Axon trading near the lower end of its 52-week range. The next scheduled earnings date places the market's attention on whether revenue growth can remain above 30.00 percent.

Axon Enterprise was last at USD 390.29 on October 16, 2026 at 4:00 p.m. ET on the Nasdaq, down 6.45 percent versus the prior close of USD 417.19.