The company reported a 700% year-over-year increase in AI-driven revenue, prompting an upward revision to annual guidance.
Axon raised its full-year revenue and earnings guidance after first-quarter AI revenue surged 700% year-over-year. The company cited strong demand for its AI-powered law enforcement and public safety solutions as the primary driver of growth.
In the prior quarter, AI revenue had grown 500%, while overall revenue rose 18%. Analysts had expected a 600% increase in AI sales for Q1 2026, but the actual figure surpassed estimates. The company did not disclose the base revenue figure for the segment.
Shares of Axon traded slightly higher in after-hours following the announcement, reflecting investor optimism about the accelerated AI adoption.