AeroVironment's stock experienced a significant after-hours soar of 13.63% on Monday, following the release of the company's fiscal fourth-quarter earnings report.

The surge was driven by the company reporting quarterly results that substantially exceeded analyst expectations. AeroVironment posted adjusted earnings per share of $1.84, beating the consensus estimate of $1.46, while revenue of $641.6 million surpassed the expected $558.8 million. Revenue more than doubled compared to the same period last year, bolstered by contributions from recent acquisitions and higher product and service sales.

The defense technology company also reported a funded backlog of $1.2 billion, providing visibility into future revenue. Management's commentary highlighted a transformational fiscal year and the company's positioning to capture rising global demand across its drone and advanced technology portfolios.