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Business
Leo Miller

Axon Got Caught in the SaaS Crash—Its Earnings Say That Was a Mistake

After getting battered in the second half of 2025 and in early 2026, shares of defense company Axon Enterprise (NASDAQ: AXON) just roared back to life. After reporting its Q4 financial results on Feb. 24, Axon shares surged nearly 18% the next day.

Notably, Axon hit its all-time high closing price near $871 last August. Prior to the company’s latest earnings report, the stock had taken around a 50% tumble from that point.

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