Axon jumps 16% after TASER maker tops results and boosts outlook on security needs
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Axon Enterprise's stock popped 16% after the TASER maker topped Wall Street's estimates and boosted its outlook due to robust demand for its security solutions.
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August 5, 2025
08:03 PM
CNBC
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In this articleAXON your favorite stocksCREATE FREE ACCOUNTRick Smith, CEO of Axon Enterprises.Adam Jeffery | CNBCAxon Enterprise's stock popped 16% after the TASER maker surpassed Wall Street's estimates and boosted its guidance due to robust demand for its security solutions."Demand for new nology from our customers is accelerating, and it's outpacing even my most optimistic expectations," said CEO Rick Smith on an earnings call with analysts. "There's now one breakout duct driving conversations
It's everything."The security solutions company also hiked guidance for the year, saying it now expects revenue of $2.65 billion to $2.73 billion
That's up from prior revenue guidance of $2.60 billion to $2.70 billion.Read more CNBC newsNvidia's set to regain some China access
But it still faces eroding AI chip market Ethereum turns 10: From scrappy experiment to Wall Street's invisible backboneGoogle has dropped more than 50 DEI-related organizations from one of its funding listsAmazon stock sinks after earnings: Here are the key takeawaysRevenues for the period jumped 33% from a year ago to $668.5 million and topped an LSEG estimate of $631.6 million
The security solutions company posted adjusted earnings of $2.12 per , ahead of the $1.46 expected per .Axon said it has seen increased demand for its bodycams, drones and counter-drone nology due to emerging security and drone threats and experienced growth across segments.The company's TASER unit grew 19% from $181 million to $216 million, while software and services jumped 39%
Revenues for personal sensors and platforms solutions reached $93 million and $67 million, respectively
More than 30% of bookings came from new ducts, Axon said.Don’t miss these insights from CNBC Bank of America says these five stocks have more room to run ahead of earningsThese overbought stocks could take a dip after the market's record gainsGoldman Sachs is getting worried the economyWhat the prediction are saying the big Wall Street events aheadWATCH: Our drones tect major sports stadiums, says Axon CEO Rick Smithwatch now8:2608:26Our drones tect major sports stadiums, says Axon CEO Rick SmithMad Money with Jim Cramer
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