Axon Enterprise is trading 5.8% down at $574.30 following its Q2 2026 earnings report, as investors take profits after a sharp multi-day run-up into the announcement.
- The company reported 35% revenue growth to $904.4 million and a non-GAAP EPS of $1.88, while raising its full-year 2026 revenue guidance.
- Performance was bolstered by 39% ARR growth and a record $15.1 billion backlog tied to its rapidly scaling AI software ecosystem.