olivLaw · US equity research
AeroVironment, Inc. AVAV
Aircraft · SIC 3721 · Vertical: Aircraft (SIC 3721)
AeroVironment (AVAV) is a defense technology provider developing autonomous systems, precision strike, counter-drone defense and space, cyber and directed energy capabilities. The company matters now because demand for autonomous systems is growing, and its first quarter fiscal 2027 revenue reached a record of million USD, with a funded backlog of billion USD.
At the close of 04 Nov 2026, AeroVironment, Inc. (AVAV) stock was 113.23 USD (−8.34% on the day), with market capitalisation 5.8 bn USD, beta 1.42, 52-week range 113.23–392.86 USD. Latest reported quarter (Q1 2027): revenue of 480.5 m USD (+5.7% YoY), net income of -5.1 m USD, diluted EPS -0.10 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 33.3
- weak (30–45)
- Bollinger (20, 2)
- 111.58 – 137.61
- in the lower half of the band · %B 0.06 · band width 20.9%
- SMA 50 / 200
- 139.23 / 181.70
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -5.41 / -5.89
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −18.7% | −2.0% | −16.7 pp | — |
| 3 months | −32.6% | −2.2% | −30.5 pp | — |
| 6 months | −35.1% | +4.3% | −39.3 pp | — |
| Year to date | −53.2% | +10.6% | −63.8 pp | — |
| 1 year | −69.0% | +10.5% | −79.4 pp | −42.2% |
| 3 years | −5.5% | +73.7% | −79.2 pp | −20.2% |
| 5 years | +19.0% | +61.7% | −42.7 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q1 2027 · 01 Aug 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 188.5 m | 167.6 m | 275.1 m | 454.7 m | 472.5 m | 408.0 m | 641.6 m | 480.5 m |
| Cost of revenue | 114.8 m | 104.4 m | 174.7 m | 359.6 m | 368.4 m | 309.3 m | 439.0 m | 355.9 m |
| Gross profit | 73.6 m | 63.2 m | 100.3 m | 95.1 m | 104.1 m | 98.8 m | 202.6 m | 124.6 m |
| Research & development | 28.7 m | 22.5 m | 24.9 m | 33.1 m | 36.0 m | 27.1 m | 31.5 m | 24.0 m |
| SG&A | 37.9 m | 43.8 m | 43.3 m | 131.3 m | 98.3 m | 99.4 m | 114.2 m | 111.5 m |
| Operating income | 7.0 m | -3.1 m | 13.8 m | -69.3 m | -30.2 m | -268.4 m | 56.9 m | -10.9 m |
| Depreciation & amortisation | 9.0 m | 9.3 m | 13.9 m | 90.3 m | 58.1 m | 54.6 m | 62.1 m | 56.0 m |
| Pre-tax income | 6.3 m | -2.4 m | 17.9 m | -84.3 m | -20.6 m | -265.1 m | 81.9 m | -7.3 m |
| Income tax | -221.0 k | -605.0 k | 223.0 k | -15.2 m | -2.3 m | -21.6 m | 16.0 m | -397.0 k |
| Net income | 7.5 m | -1.8 m | 16.7 m | -67.4 m | -17.1 m | -243.8 m | 63.2 m | -5.1 m |
| Diluted EPS | 0.27 | -0.06 | 0.59 ≈ | -1.44 | -0.34 | -4.90 | 1.26 ≈ | -0.10 |
| Operating cash flow | -3.6 m ≈ | -25.8 m ≈ | -264.0 k | -123.7 m | -45.1 m ≈ | -5.1 m ≈ | 95.5 m | 13.5 m |
| Capex | 5.0 m ≈ | 3.8 m ≈ | 5.3 m | 22.7 m | 10.8 m ≈ | 12.6 m ≈ | 16.4 m | 44.0 m |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 314.3 m | 367.3 m | 394.9 m | 445.7 m | 540.5 m | 716.7 m | 820.6 m | 2.0 bn |
| Revenue YoY | +15.9% | +16.9% | +7.5% | +12.9% | +21.3% | +32.6% | +14.5% | +140.9% |
| Net income | 47.4 m | 41.1 m | 23.3 m | -4.2 m | -176.2 m | 59.7 m | 43.6 m | -265.1 m |
| Net income YoY | +168.7% | −13.4% | −43.2% | −117.9% | unavailable | unavailable | −26.9% | −707.8% |
| Diluted EPS | 1.97 | 1.71 | 0.96 | -0.17 | -7.04 | 2.18 | 1.55 | -5.40 |
| Diluted EPS YoY | +162.7% | −13.2% | −43.9% | −117.7% | unavailable | unavailable | −28.9% | −448.4% |
| net % | 15.1% | 11.2% | 5.9% | -0.9% | -32.6% | 8.3% | 5.3% | -13.4% |
| Free cash flow | unavailable | 13.9 m | 75.3 m | -31.9 m | -3.5 m | -7.7 m | -20.9 m | -140.9 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 30 Apr 2026
- Cash
- 377.3 m USD
- Financial debt
- 729.0 m USD
- Net debt
- 351.6 m USD
- Equity
- 4.4 bn USD
- Total assets
- 5.7 bn USD
- Debt / equity
- 0.17x
- Current ratio
- 4.30x
- ROE
- -10.0%
- ROA
- -7.8%
- FCF margin
- -7.1%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 394.9 m | 445.7 m | 540.5 m | 716.7 m | 820.6 m | 2.0 bn | SEC (XBRL)· 29 Jun 2026verified |
| Cost of revenue | 230.4 m | 304.5 m | 367.0 m | 432.8 m | 502.0 m | 1.5 bn | SEC (XBRL)· 29 Jun 2026verified |
| Gross profit | 164.6 m | 141.2 m | 173.5 m | 283.9 m | 318.6 m | 500.6 m | SEC (XBRL)· 29 Jun 2026verified |
| Research & development | 53.8 m | 54.7 m | 64.3 m | 97.7 m | 100.7 m | 127.7 m | SEC (XBRL)· 29 Jun 2026verified |
| SG&A | 67.5 m | 96.4 m | 131.9 m | 114.4 m | 158.8 m | 443.3 m | SEC (XBRL)· 29 Jun 2026verified |
| Operating income | 43.3 m | -9.9 m | -178.7 m | 71.8 m | 40.8 m | -311.0 m | SEC (XBRL)· 29 Jun 2026verified |
| Depreciation & amortisation | 19.3 m | 60.8 m | 100.0 m | 35.7 m | 41.0 m | 265.0 m | SEC (XBRL)· 29 Jun 2026verified |
| EBITDA | 62.6 m ≈ | 50.9 m ≈ | -78.7 m ≈ | 107.6 m ≈ | 81.8 m ≈ | -46.0 m ≈ | SEC (XBRL)· 29 Jun 2026derived |
| Interest expense | — | — | — | — | — | 24.2 m | SEC (XBRL)· 29 Jun 2026verified |
| Pre-tax income | 23.9 m | -13.3 m | -190.8 m | 61.6 m | 44.5 m | -288.2 m | SEC (XBRL)· 29 Jun 2026verified |
| Income tax | 539.0 k | -10.4 m | -14.7 m | 1.9 m | 882.0 k | -23.1 m | SEC (XBRL)· 29 Jun 2026verified |
| Net income | 23.3 m | -4.2 m | -176.2 m | 59.7 m | 43.6 m | -265.1 m | SEC (XBRL)· 29 Jun 2026verified |
| Diluted EPS | 0.96 | -0.17 | -7.04 | 2.18 | 1.55 | -5.40 | SEC (XBRL)· 29 Jun 2026verified |
| Weighted average diluted shares | 24.4 m | 24.7 m | 25.0 m | 27.3 m | 28.2 m | 49.1 m | SEC (XBRL)· 29 Jun 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 148.7 m | 77.2 m | 132.9 m | 73.3 m | 40.9 m | 377.3 m | SEC (XBRL)· 29 Jun 2026verified |
| Receivables | 62.6 m | 60.2 m | 87.6 m | 70.3 m | 102.0 m | 316.2 m | SEC (XBRL)· 29 Jun 2026verified |
| Inventories | 71.6 m | 90.6 m | 138.8 m | 150.2 m | 144.1 m | 312.9 m | SEC (XBRL)· 29 Jun 2026verified |
| Current assets | 401.6 m | 368.9 m | 477.0 m | 515.6 m | 606.5 m | 1.9 bn | SEC (XBRL)· 29 Jun 2026verified |
| Property, plant & equipment, net | 58.9 m | 62.3 m | 39.8 m | 46.6 m | 50.7 m | 166.7 m | SEC (XBRL)· 29 Jun 2026verified |
| Goodwill | 314.2 m | 334.3 m | 180.8 m | 275.7 m | 256.8 m | 2.5 bn | SEC (XBRL)· 29 Jun 2026verified |
| Intangibles (excl. goodwill) | 106.3 m | 97.2 m | 43.6 m | 72.2 m | 48.7 m | 929.8 m | SEC (XBRL)· 29 Jun 2026verified |
| Total assets | 928.6 m | 914.2 m | 824.6 m | 1.0 bn | 1.1 bn | 5.7 bn | SEC (XBRL)· 29 Jun 2026verified |
| Accounts payable | 24.8 m | 19.2 m | 31.4 m | 48.3 m | 72.5 m | 160.5 m | SEC (XBRL)· 29 Jun 2026verified |
| Short-term debt | 10.0 m | 10.0 m | 7.5 m | 10.0 m | — | — | SEC (XBRL)· 27 Jun 2024verified |
| Long-term debt | 187.5 m | 177.8 m | 125.9 m | 17.1 m | 30.0 m | 729.0 m | SEC (XBRL)· 29 Jun 2026verified |
| Current liabilities | 96.2 m | 101.4 m | 121.3 m | 144.9 m | 172.2 m | 439.2 m | SEC (XBRL)· 29 Jun 2026verified |
| Equity | 612.1 m | 608.2 m | 551.0 m | 822.7 m | 886.5 m | 4.4 bn | SEC (XBRL)· 29 Jun 2026verified |
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 86.5 m | -9.6 m | 11.4 m | 15.3 m | -1.3 m | -78.4 m | SEC (XBRL)· 29 Jun 2026verified |
| Capex | 11.3 m | 22.3 m | 14.9 m | 23.0 m | 19.5 m | 62.5 m | SEC (XBRL)· 29 Jun 2026verified |
| Free cash flow | 75.3 m ≈ | -31.9 m ≈ | -3.5 m ≈ | -7.7 m ≈ | -20.9 m ≈ | -140.9 m ≈ | SEC (XBRL)· 29 Jun 2026derived |
| Investing cash flow | -378.8 m | -52.3 m | -7.0 m | -51.7 m | -28.5 m | -1.2 bn | SEC (XBRL)· 29 Jun 2026verified |
| Financing cash flow | 194.2 m | -16.6 m | 50.8 m | -22.9 m | -2.9 m | 1.6 bn | SEC (XBRL)· 29 Jun 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- score weight coverage: 43.8% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 5.8 bn USD
Key indicators
Coverage and freshness
Score by group
44% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the base of the ratio is not positive
- Peers: EV/EBITDAunavailable · the base of the ratio is not positive
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 43.8% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | -4.6% | 60 (vs peers) | 24% |
| Net margin · Quality | -10.1% | 78 (vs peers) | 14% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 54.1% | 100 (on a fixed band) | 19% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -10.4x | 0 (on a fixed band) | 14% |
| Current ratio · Balance sheet | 4.3x | 100 (on a fixed band) | 10% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -0.4% | 0 (on a fixed band) | 19% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet40/100 · 2/3 factors with a value
- Growth· partial100/100 · 1/2 factors with a value
- Quality67/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
AEROVIRONMENT, INC. (AVAV). Latest full fiscal year: 2026; data up to 2026-08-01.
Figures computed from the financial statements: revenue 2.0 bn USD in 2026; YoY growth 140.9%; net margin -10.1%; ROE -4.6%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (score weight coverage: 43.8% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: -10.1%
- Revenue CAGR 3Y: 54.1%
- Current ratio: 4.3x
What contradicts it
- Interest coverage: -10.4x
- FCF yield: -0.4%
Not assessed (insufficient data or a ratio without meaning): FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Aircraft (SIC 3721) · same industry (4-digit SIC) · compared with 10 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BAThe Boeing Company | 137.3 bn | 18.2 | — | 8.1% | +34.5% | −8% / −25% |
| EMBJEmbraer S.A. | 56.8 bn | 163.6 | 10.8% | 4.6% | +18.5% | +25% / +349% |
| AVAVAerovironment, Inc. | 5.8 bn | — | -4.6% | -10.1% | +140.9% | −69% / −5% |
| JOBYJoby Aviation, Inc. | 5.0 bn | — | -65.9% | -755.1% | +39,183.1% | −65% / −15% |
| ACHRArcher Aviation Inc. | 3.2 bn | — | -44.8% | -11,589.9% | unavailable | −47% / −31% |
| BETABETA Technologies, Inc. | 951.1 m | — | -46.8% | -1,007.8% | +136.0% | −7% / unavailable |
| AIROAIRO Group Holdings, Inc. | 171.0 m | — | -3.6% | -23.9% | +4.6% | −37% / unavailable |
| MOBMobilicom Limited | 36.5 m | — | -369.2% | -705.4% | +5.8% | −58% / +115% |
| UAVSAgEagle Aerial Systems Inc. | 21.8 m | — | -106.1% | -276.5% | −4.3% | −74% / −100% |
| DUKRDUKE Robotics Corp. | 11.2 m | — | -66.6% | -611.0% | +249.1% | +1,382% / +3,160% |
| EVTLVertical Aerospace Ltd. | — | — | — | — | +51.7% | −91% / −94% |
1- and 3-year price returns: for AVAV from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
AeroVironment (AVAV) is a defense technology provider developing autonomous systems, precision strike, counter-drone defense and space, cyber and directed energy capabilities. The company matters now because demand for autonomous systems is growing, and its first quarter fiscal 2027 revenue reached a record of 1 million USD, with a funded backlog of 2 billion USD.
SWOT
Strengths
- A broad portfolio of autonomous and defense systems spanning several domains, with a growing base of funded orders.
- Decades of accumulated technology experience and rapid innovation capacity, supported by an active research and development structure.
- International presence through production and sales to allies, which partly diversifies dependence on the U.S. market.
Weaknesses
- Heavy dependence on the federal government and the Department of Defense, which makes revenue sensitive to budgets and political decisions.
- A significant goodwill impairment in the space unit shows the risk tied to acquisitions and interrupted contracts.
- High amortization and acquisition costs that weighed on operating margins in the past, although the trend has improved.
Opportunities
- Expansion of autonomous systems and counter-drone defense to allied armed forces and possibly commercial customers.
- Integration of AI software across products could create recurring revenue and opportunities in mission command and control.
Threats
- Budget cuts or delays in federal fund allocation could slow contracts and revenue.
- Large, well-funded competitors could win contracts through superior resources and established relationships.
- Rapid technological change could make existing products obsolete, and some investments may not generate revenue.
Risks
- Dependence on the U.S. governmenthigh
Most revenue comes from the government, and contracts can be terminated at its discretion, making results vulnerable to political change.
- Goodwill impairmenthigh
The space unit recorded a significant impairment after a contract was halted, and the company says the risk of further unfavorable testing has increased.
- Delays in fund allocationmedium
The annual budget process and possible government shutdowns could delay payments and new contracts.
- Supply chain and production capacitymedium
Shortages of components or raw materials could delay deliveries, and expanding capacity requires investment and time.
- Debt and integration costsmedium
Borrowings taken for the BlueHalo acquisition could limit financial flexibility, and integrating acquisitions can strain management.
Investment thesis
What would need to be true (bull case)
- If demand for autonomous systems and counter-drone defense keeps growing, the funded order book could support revenue growth.
- Improved gross margin in the first quarter of fiscal 2027 suggests that lower amortization and acquisition costs could support results.
- New product launches and AI software integration could open additional revenue sources if programs move into production.
What would break the thesis
- Heavy dependence on the U.S. government budget could make revenue sensitive to cuts and funding delays.
- The goodwill impairment in the space unit shows that some acquisitions and contracts may underperform expectations.
- Competition from large, well-funded contractors could limit new contract wins and pressure margins.
What to watch
- Delivery against revenue guidance of 2.125 to 2.225 billion USDfiscal 2027
- Development of funded backlog and the book-to-bill ratioQ2 2027
- Testing of goodwill in the space reporting unitfiscal 2027 annual test
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
AeroVironment presents itself as an integrated defense technology provider delivering capabilities across air, land, sea, space and cyber. Its portfolio includes Group 1-3 uncrewed aircraft systems, precision strike systems such as the Switchblade family and Red Dragon, counter-UAS defenses and electronic warfare systems. The company also cites the AV_Halo command and control software and uncrewed maritime and ground divisions, while the SCDE segment covers space technology, laser directed energy and cyber operations that came with the BlueHalo acquisition 1.
The company describes a strategy of expanding penetration of existing products, launching new solutions through internally funded research and development, and acquiring differentiated solutions developed by others 1. It states that agility and the ability to respond quickly to customer needs are its main differentiators against competitors with greater resources 1.
Its reporting structure changed from May 1, 2025, when it began operating two segments: Autonomous Systems (AxS) and Space, Cyber and Directed Energy (SCDE), following the BlueHalo acquisition 1. Its main customers are the U.S. Department of Defense and government agencies, and most contracts are fixed-price or cost-plus-fee 1.
Segments
Autonomous Systems (AxS)
The AxS segment includes Group 1-3 uncrewed aircraft systems, precision strike systems such as Switchblade and Red Dragon, integrated air and missile defense, electronic warfare, and uncrewed maritime and ground systems. In the first quarter of fiscal 2027 the segment generated revenue of 3 million USD 3.
Trends
- Hostile drone threats and counter-UAS demandtailwind
The spread of hostile drones increases demand for detection and defeat systems such as Titan and the FE-1 interceptor, which the company names as new product lines 1.
- U.S. budget uncertaintyheadwind
Reduced federal spending, delays in fund release and possible government shutdowns could postpone contracts, and the company warns that funding depends on annual appropriations 1.
- Production and supply chain pressuremixed
The company says expanding manufacturing capacity and reducing costs are essential to remain competitive, and component shortages could delay deliveries 13.
Competitive position
The company frames its position through agility and differentiated solutions, against large, well-funded competitors that may hold advantages in scope, scale, resources and relationships 1. The sources given do not name direct competitors, so these cannot be detailed here.
Competitive risk also rises from the rapid pace of technological change, which could make existing products obsolete, and from research spending that may never produce revenue 1.
- Large defense prime contractors
The company refers to large, well-funded or incumbent competitors without naming them in the sources provided.
- Counter-drone defense suppliers
Competition in the C-UAS area is implied by the product descriptions, without company names in the sources provided.
- Space technology and communications companies
The SCDE segment operates in fields where other suppliers exist, but the sources do not list them.
- Defense AI software developers
The AV_Halo platform competes with command and control software offerings, without identification in the sources provided.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- 🇮🇷 ❌ 🇺🇸 - The IRGC is claiming to have shot down a U.S. AeroVironment Switchblad…Telegram — Intel Slava Z (pro-RU OSINT EN) · 03 Nov 2026 · EN
- AeroVironment ( NASDAQ : AVAV ) Coverage Initiated by Analysts at OppenheimerSurge — GDELT DOC · 22 Oct 2026 · RO
- AeroVironment ( NASDAQ : AVAV ) Stock Price Target Cut by Citizens JmpSurge — GDELT DOC · 21 Oct 2026 · RO
- Drones Stock AeroVironment Is Now a Space Stock, TooYahoo Finance — News · 20 Sept 2026 · EN
- Laser Weapons Are Real Now -- and You Can Invest in Them With AeroVironment StockYahoo Finance — News · 19 Sept 2026 · EN
- AeroVironment (AVAV) Has $1.5 Billion in Funded Backlog. Can Conversion Support Guidance?Yahoo Finance — News · 16 Sept 2026 · EN
- Red Cat Sinks 6% as Speculative Drone Names Extend Month-Long Slide; Unusual Machines Drops 4%, AeroVironment Barely BudgesYahoo Finance — News · 16 Sept 2026 · EN
- AeroVironment Rises 6% as Post-Earnings Recovery Outpaces Drone Group; Ondas Ticks Up, Red Cat Barely BudgesYahoo Finance — News · 14 Sept 2026 · EN
- Autonomous Systems Strength Offsets SCDE Weakness for AeroVironment (AVAV)Yahoo Finance — News · 11 Sept 2026 · EN
- Stocks making the biggest moves midday: Oracle, AeroVironment, American Eagle, Micron, Macy's & moreCNBC — Top News · 10 Sept 2026 · EN
- Why AeroVironment Stock Rocketed Higher TodayYahoo Finance — News · 10 Sept 2026 · EN
- Drone Maker AeroVironment Soars With Analyst Targets After Earnings BeatYahoo Finance — News · 10 Sept 2026 · EN
- AeroVironment Rises 5% on First International LOCUST Laser Order, Unusual Machines Holds Steady, Ondas SlipsYahoo Finance — News · 10 Sept 2026 · EN
- AeroVironment Just Delivered Historic Results. Wall Street Says It's a BuyYahoo Finance — News · 10 Sept 2026 · EN
- AeroVironment Q1 Earnings Call HighlightsYahoo Finance — News · 09 Sept 2026 · EN
- Stocks making the biggest moves after hours: AeroVironment, American Eagle, Cooper Companies & moreCNBC — Top News · 09 Sept 2026 · EN
- Ahead of Aerovironment Earnings, Here's What Barchart Data Says Comes Next for AVAV StockYahoo Finance — News · 09 Sept 2026 · EN
- Drone Stocks Slide as Risk-Off Sentiment Hits High-Beta Names: AeroVironment Sinks 4%, Red Cat Drops 3%, Ondas EasesYahoo Finance — News · 09 Sept 2026 · EN
- Jim Cramer Highlights AeroVironment’s (AVAV) Steep CompetitionYahoo Finance — News · 04 Sept 2026 · EN
- Dear AeroVironment Stock Fans, Mark Your Calendars for September 9Yahoo Finance — News · 02 Sept 2026 · EN
SEC filings
- Current report30 Sept 2026Shareholder vote
- Quarterly report10 Sept 2026
- Current report09 Sept 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Proxy statement14 Aug 2026
- Current report07 Aug 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Current report29 Jul 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Annual report29 Jun 2026
- Current report29 Jun 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report25 Jun 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Current report22 Jun 2026Non-reliance on financial statements · Departure or appointment of officers
Sources
- [1] Form 10-K, fiscal year ended 2026-04-30 · SEC / AeroVironment, Inc. · 29 Jun 2026
- [2] Form 10-Q, quarter ended 2026-08-01 · SEC / AeroVironment, Inc. · 10 Sept 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / AeroVironment, Inc. · 09 Sept 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.