The company behind TASER devices has boosted its annual revenue projections following robust sales of law enforcement technology and software solutions, Axon Enterprise announced Wednesday.
Stock prices for the police technology manufacturer climbed 1.4% during after-hours trading following the announcement.
The firm’s software division experienced significant growth throughout the recent quarter, fueled by an expanding user base and existing clients upgrading to higher-tier software packages.
Axon now projects its 2026 revenue will increase between 30% and 32%, marking an upward revision from the previously estimated range of 27% to 30%.
The company serves as a major supplier of police body cameras throughout the United States and provides unmanned aerial systems to law enforcement agencies spanning North America, Europe, and Australia.
For the quarter ending March 31, Axon reported adjusted earnings of $1.61 per share, slightly exceeding analyst predictions of $1.60 per share based on LSEG data.
The company’s quarterly revenue reached $807.3 million, surpassing Wall Street expectations of $778.5 million.
