Axon Enterprise, Inc. (AXON) stock surged 7.18% in pre-market trading on Thursday, following the release of better-than-expected first-quarter financial results and an upward revision to its full-year revenue outlook.

The company reported Q1 non-GAAP earnings per share of $1.61, exceeding analyst estimates of $1.60, while revenue reached $807 million, significantly beating the consensus forecast of $779 million and representing a 33.7% year-over-year increase. Furthermore, Axon raised its full-year 2026 revenue growth guidance to 30%-32% from its previous range of 27%-30%.

Market analysts attribute the strong performance to accelerating demand for the company's AI-driven law enforcement technology solutions. The positive earnings report and upgraded guidance have reinforced investor confidence in Axon's growth trajectory for the remainder of the fiscal year.