Axon Enterprise is trading 4.6% down now at $581.46 after investors discounted a strong second-quarter earnings beat and raised full-year outlook.
- Coverage points to weaker year-over-year profitability, softer software margins, inventory growth, and premium valuation.
- Revenue rose 35% to $904.4 million, while adjusted EPS reached $1.88.
- Broader technology weakness tied to AI-spending concerns is adding pressure.