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Logo of Axon Enterprise (NASDAQ:AXON)Latest Axon Enterprise (NASDAQ:AXON) News

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Axon deepens its drone push with a US$1.2 billion Skydio investment

Axon’s Skydio bet reaches US$1.2 billion as delayed drone contracts trim growth outlook

Axon delivered record third-quarter revenue and a return to GAAP profitability, but committed US$1.2 billion to deepen its Skydio stake as delayed federal drone deployments lowered its 2026 outlook. Software growth remains strong, while inventory investment and higher debt weigh on cash generation.
Sophie Babbage
6 Nov 2026