AeroVironment Q3 revenue rises 143%; $151.3 million impairment yields net loss
AeroVironment reported fiscal third-quarter revenue of $408.0 million for the period ended January 31, 2026, up from $167.6 million a year earlier, but posted a net loss of $156.6 million, or $3.15 per diluted share, after a $151.3 million goodwill impairment tied to its Space unit. The company also disclosed that the U.S. Government intends to terminate for convenience its Other Transaction Agreement for BADGER antenna systems under the SCAR program, which shareholders should weigh against the revenue growth and the updated full-year outlook.
Key points
- Q3 revenue was $408.0 million versus $167.6 million a year earlier; gross margin fell to 24% of revenue from 38%.
- Net loss was $156.6 million, or $3.15 per diluted share, compared with a net loss of $1.8 million, or $0.06 per share, a year earlier; non-GAAP earnings per diluted share were $0.64 versus $0.30.
- The U.S. Government informed the company it intends to proceed with terminating the BADGER agreement, but the company may compete for future SCAR work.
- For fiscal 2026 the company now expects revenue of $1.85 billion to $1.95 billion and a net loss of $218 million to $201 million.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 10, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.