Shares of Axon Enterprise, Inc. (AXON) surged 7.13% in after-hours trading on Wednesday following the release of its impressive first-quarter 2025 financial results and raised full-year guidance. The company, known for its TASER products and law enforcement technology, delivered strong performance across key metrics, surpassing analyst expectations.
Axon reported adjusted earnings per share of $1.41 for Q1, significantly beating the consensus estimate of $1.27. Revenue for the quarter came in at $603.6 million, marking a 31% year-over-year increase and exceeding analyst projections of $583.8 million. The company's Software & Services segment showed particularly robust growth, with revenue increasing by 39% compared to the same period last year.
In light of its strong performance, Axon raised its full-year 2025 revenue guidance to a range of $2.60 billion to $2.70 billion, up from its previous forecast of $2.55 billion to $2.65 billion. The company also increased its Adjusted EBITDA outlook, targeting a margin of approximately 25% or $650 million to $675 million for the year. These upward revisions reflect growing demand for Axon's products and services, including body cameras, drones, and cloud-based software solutions for law enforcement agencies.
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