Axon's second quarter revenue grew 35% to $904M, beating estimates and prompting a raised full-year outlook.

Axon Enterprise reported second quarter 2026 revenue of $904.4 million, a 35% year-over-year increase that surpassed analyst expectations. The company posted a non-GAAP diluted EPS of $1.88, also beating estimates. Following the strong performance, Axon raised its full-year 2026 revenue growth guidance.

Key Highlights

• Annual recurring revenue (ARR) grew 39% year-over-year to $1.64 billion, driven by demand for premium software offerings like the AI Era Plan.
• Future contracted bookings increased 41% year-over-year to $15.1 billion, and net revenue retention reached 126%.
• The company raised its full-year 2026 revenue growth outlook to a range of 32% to 34%, up from 30% to 32% previously.
• Adjusted EBITDA for the quarter was $242 million, an increase of over 40% year-over-year, with a margin of 26.8%.