Axon Enterprise, Inc. (AXON)
Axon Enterprise makes the Taser stun guns and body cameras used by police forces, alongside software that helps them manage all that digital evidence.
Is Axon Enterprise, Inc. a good stock for a UK beginner?
The honest version: There's no rating here and nothing for sale. In its favour: Dominant position in the law enforcement technology market. Worth weighing: Very high valuation multiples compared to current earnings.
Is this normal for this company?
Each figure against the range this same company has produced recently. Neither end of a range is the good end.
Share price divided by the earnings actually reported over the four most recent quarters. The range is the same calculation at each of this company's last few results, so roughly the past year.
Profit as a share of sales, from the company's own quarterly statements. The range covers the 5 quarters we hold, and the figure shown is its most recent one.
How these ranges are built
Every number here is the company's own reported figure, not a comparison with other companies. The ranges come from this company's own results and its share price. Where it reports in a different currency from the one its shares trade in, the price-to-earnings range is left out rather than mixing the two.
What does Axon Enterprise, Inc. do?
Axon has moved from just selling hardware like Tasers and body-worn cameras to providing a cloud-based software platform where police departments store and analyse their footage. Income comes from selling the devices upfront and then charging ongoing subscription fees for the software that keeps the data secure. A lot rides on how successfully they can move existing customers over to their more expensive, all-in-one software packages.
On our factor screen it looks strongest on momentum and growth, and weakest on value.
- !Pays no dividend - the whole return rides on the share price
- ✓Growing - revenue up about 35% over the year
- !High P/E of 266 - big growth is already priced in
- —
- Value screens low
- Income screens low
Does Axon Enterprise, Inc. pay a dividend?
No - Axon Enterprise, Inc. doesn't currently pay a dividend, so the whole return would rest on the share price. Plenty of growing companies reinvest their profits instead of paying them out - neither approach is better or worse, they're just different.
Does Axon Enterprise, Inc. have more cash or more debt?
It holds about $692.53M in cash against about $1.85B of debt - so it has net debt of about $1.16B. Debt is not automatically a problem - it funds growth - but it has to be serviced and repaid, which matters more when profits wobble.
From the latest reported balance sheet. Cash and debt levels change, and some borrowing is normal - this is context, not a judgment.
What do Axon Enterprise, Inc.'s numbers mean?
How has it performed?
Growth of £1,000, the worst fall, and year by year
Over about 2 years to 2026-09-11. This is the share price only; any dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.
How much has Axon Enterprise, Inc. actually fallen?
Over the last 2 years of daily prices, Axon Enterprise, Inc. fell as much as −60% from a high to a later low. Falls like this are normal when you own a share.
Past falls are not a forecast - it can fall further, or recover.
How has it done year by year?
Calendar-year total return - the share price with dividends reinvested - from adjusted closing prices. The current year is only part-complete. Past returns are not a guide to the future.
A closer look at the numbers
Ownership, earnings history, where the money goes, and the outlook range
Does the share price tell you if it's cheap or expensive?
Who owns Axon Enterprise, Inc.?
About 90% of Axon Enterprise, Inc., or about 90 in every 100 shares, is held by big institutions such as pension and index funds, and company insiders hold about 4%. The rest, roughly 6%, is held by the public and smaller investors.
What this does and doesn't tell you
This is a recent snapshot of the share register, and it moves. We don't read anything into who owns what - a high institutional share is common for any large listed company and is not a signal about it.
Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.
Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.
How much money does Axon Enterprise, Inc. make?
Revenue and profit by quarter, and how much of each sale turns into profit.
Where does each £100 of Axon Enterprise, Inc.'s sales go?
A rough split of the latest full-year figures: of every £100 of sales, about £40 covers making the product or service, £54 goes on running costs, tax and interest, and about £6 is left as profit. Margins vary a lot by industry, and one-off items can distort a single year.
When does Axon Enterprise, Inc. report earnings, and how did recent quarters go?
Axon Enterprise, Inc. is next scheduled to report on about 2026-11-03 - dates can move, and we don't predict results; this just tells you when to look.
‘Beat’ and ‘missed’ are against what analysts expected, not whether the business is doing well.
| Reported | Expected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number. | Actual EPS | vs expected |
|---|---|---|---|
| 2026-05-06 | $1.60 | $1.61 | In line |
| 2026-02-24 | $1.60 | $2.15 | Beat +35% |
| 2025-11-04 | $1.54 | $1.17 | Missed -24% |
| 2025-08-04 | $1.46 | $2.12 | Beat +45% |
| 2025-05-07 | $1.28 | $1.41 | Beat +10% |
| 2025-02-25 | $1.40 | $2.08 | Beat +48% |
Across the last 6 quarters here, Axon Enterprise, Inc. came in ahead of what analysts expected 4 times. One quarter is noise, not a trend.
See who else reports over the next two weeks →
Where these figures come from
Each quarter a company reports its results against a consensus of analyst forecasts. The figures here are reported versus expected earnings per share from published results; the expectation is that analyst consensus, not our view. Report dates are estimates and can move.
What are the scenarios for Axon Enterprise, Inc.?
An illustrative range for the year ahead — not a prediction or a price target.
What are the pros, cons and common questions?
The case each way, and the questions people ask
Axon becomes the standard operating system for global law enforcement.
Regulatory hurdles or legal challenges to their technology.
What are the pros and cons of Axon Enterprise, Inc.?
A balance check, not a score or verdict.
- Dominant position in the law enforcement technology market
- High gross margins suggest a strong competitive advantage
- Recurring revenue from software subscriptions provides stability
- Very high valuation multiples compared to current earnings
- No dividend payments for those looking for regular income
- Heavy reliance on government budgets which can be unpredictable
- Potential for legal or ethical scrutiny regarding surveillance technology
- High share price volatility makes it sensitive to market mood swings
- Dependence on a limited number of large government clients
The write-up's own warning lights — if these start happening, the case above changes.
- A sustained drop in government spending on public safety
- A major competitor launching a cheaper, more effective alternative to their software platform
Common questions about Axon Enterprise, Inc.
Does Axon Enterprise, Inc. pay a dividend?
No - Axon Enterprise, Inc. does not currently pay a dividend, so the return would rest on the share price. Many growing companies reinvest profits instead of paying them out.
When does Axon Enterprise, Inc. report earnings next?
Axon Enterprise, Inc. is next scheduled to report results on about 2026-11-03. Report dates are estimates and can move; this is a diary note for when to look, not a forecast of the outcome.
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Honeywell Aerospace Inc.Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →
This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.