Axon Enterprise (AXON) Stock Dips Despite Robust Backlog and Aerospace Growth
Axon Enterprise's stock fell 2.48% to $706.13, defying strong performance in its Electrical Americas and Aerospace segments. The company reported an 11% year-over-year surge in Aerospace orders and a 7% increase in Electrical Americas orders, driven by data center demand.
Record margins of 25% in Electrical Americas highlight operational efficiencies, while an 18% backlog growth signals sustained momentum. Axon's 2025 earnings outlook remains bullish, with the Aerospace segment poised to fuel revenue expansion.