Shares of Axon Enterprise, Inc. (NASDAQ: AXON) surged 5.68% in the last 24 hours on Wednesday, following the release of its impressive first-quarter 2025 financial results and raised full-year guidance. The maker of TASER devices and law enforcement technology products delivered results that surpassed analyst expectations, demonstrating robust growth across its business segments.

For the first quarter of 2025, Axon reported adjusted earnings of $1.41 per share, significantly beating the analyst consensus estimate of $1.27. Revenue for the quarter reached $603.6 million, up 31% year-over-year and exceeding the analyst estimate of $583.8 million. The company's strong performance was driven by impressive growth across its product lines, with Software & Services revenue growing 39% to $263 million.

In light of the strong results, Axon raised its full-year 2025 revenue guidance to a range of $2.60 billion to $2.70 billion, up from the previous forecast of $2.55 billion to $2.65 billion. The company also increased its Adjusted EBITDA outlook to between $650 million and $675 million, targeting a margin of approximately 25%. This improved outlook, coupled with the company's solid financial position of $2.2 billion in cash and investments, has fueled investor optimism and contributed to the stock's significant rise.