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AeroVironment (AVAV) Q4 2025 Earnings Transcript


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Management confirmed that the fourth quarter and full-year results exclude Blue Halo’s financials, except pre-closing deal and integration expenses. Order intake for Switchblade products included $250 million from eight countries in FY2025, and more than half of JUMP 20’s nearly $100 million in Q4 FY2025 orders were from international customers. The U.S. Department of Defense remains a primary growth driver, with new program awards, such as the $1 billion IDIQ, and increases in manufacturing capacity planned to support greater than $1 billion in annual Switchblade revenue.

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