Axon Stock Jumps After Revenue Surges 31% in Q3, But Earnings Per Share Misses Wall Street Targets

Axon Enterprise released its third-quarter 2025 earnings report. The company achieved strong revenue growth yet missed its earnings per share (EPS) target. Revenue hit a record $711 million. This number reflects a strong 31% increase from last year.

However, Axon’s reported EPS of $1.17 fell short of the $1.63 consensus estimate. Management noted significant growth across all segments. Software and Services revenue grew by 41%. Connected Devices, including TASER and body camera sales, also saw robust growth.

Annual Recurring Revenue (ARR) is now $1.3 billion, up 41%. The company also raised its full-year 2025 revenue outlook. This guidance now projects approximately $2.74 billion in total revenue. This shows strong demand for its public safety technology. Despite the EPS miss, Axon remains confident about its future growth trajectory.