Axon Enterprise's (AXON) stock cratered 9.4% on Wednesday, marking the stock's worst single-day decline since mid-February, after the maker of Tasers and law enforcement software badly missed profit expectations despite posting record quarterly revenue. AXON stock has dropped another 8% during today's trading session.
In Q3 of 2025, Axon reported adjusted earnings per share of $1.17, below estimates of $1.52. The earnings miss was attributed to tariff pressures, which squeezed margins amid rising operating expenses. However, revenue rose 31% to $711 million, above estimates of $705 million. Notably, it was the seventh consecutive quarter where revenue growth exceeded 30%.
