Axon's Q3 2024 earnings call reflects a strong performance with record revenue growth and significant bookings. The company is rapidly expanding its AI and international operations, though inconsistencies in fleet revenue and challenges in AI product scaling were noted. Overall, the sentiment is positive given the strong financial results and future growth potential.

Company Guidance

In Axon's Q3 2024 earnings call, the company provided a robust set of metrics reflecting its strong performance and optimistic outlook. Axon reported a 32% year-over-year revenue growth, reaching $885 million in annual recurring revenue (ARR), up 36% from the previous year. They achieved a record adjusted EBITDA margin of 26.7%, with future contracted revenue totaling approximately $7.7 billion, marking a 33% rise year-over-year. Axon experienced its 11th consecutive quarter of over 25% growth, surpassing 30% in Q3, and reached record bookings exceeding $1 billion on both absolute and normalized 5-year bases. Looking ahead to Q4 2024, Axon anticipates revenue between $560 million and $570 million, representing more than 30% growth, and an adjusted EBITDA margin of 23.5%. The company remains committed to its 2025 targets, expecting to surpass its $2 billion revenue goal a year early, with a continued focus on 20% or greater growth annually while achieving a 25% adjusted EBITDA margin.

Record Revenue Growth

Axon reported a 32% year-over-year revenue growth for Q3 2024, marking the company's 11th consecutive quarter of revenue growth above 25%.

Strong Bookings Performance

Axon closed Q3 with record bookings exceeding $1 billion on both an absolute and normalized 5-year basis, indicating strong demand and growth potential.

AI and Product Innovation

The introduction of AI-driven products, such as the AI Aeroplan, is generating significant interest and is expected to be a major growth driver in the coming years.

TASER 10 Success

The TASER segment experienced strong growth, with a 36% increase in revenue year-over-year, driven by increased capacity and demand for TASER 10.

International Expansion

International bookings rose by 40% sequentially from Q2, with year-to-date bookings up 40% from the previous year.

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Axon Enterprise (AXON) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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AXON Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 04, 2025	2024 (Q4)	1.40 / -	1.12	―	―	―
Nov 07, 2024	2024 (Q3)	1.20 / 1.45	1.02	42.16% (+0.43)
Aug 06, 2024	2024 (Q2)	1.02 / 1.20	1.11	8.11% (+0.09)
May 06, 2024	2024 (Q1)	0.94 / 1.15	0.88	30.68% (+0.27)
Feb 27, 2024	2023 (Q4)	0.85 / 1.12	0.7	60.00% (+0.42)
Nov 07, 2023	2023 (Q3)	0.76 / 1.02	0.6	70.00% (+0.42)
Aug 08, 2023	2023 (Q2)	0.62 / 1.11	0.44	152.27% (+0.67)
May 09, 2023	2023 (Q1)	0.54 / 0.88	0.45	95.56% (+0.43)
Feb 28, 2023	2022 (Q4)	0.51 / 0.70	0.46	52.17% (+0.24)
Nov 08, 2022	2022 (Q3)	0.49 / 0.60	1.17	-48.72% (-0.57)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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AXON Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	$468.75	$603.18	+28.68%
Aug 06, 2024	$295.00	$349.24	+18.39%
May 06, 2024	$327.64	$312.73	-4.55%
Feb 27, 2024	$271.82	$309.22	+13.76%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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