Business Segments · Adjusted gross margin
Connected Devices — Adjusted gross margin
Axon Enterprise, Inc. Connected Devices — Adjusted gross margin increased by 2.0% to $228.32M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 26.7%, from $180.14M to $228.32M. Over 2 years (FY 2023 to FY 2025), Connected Devices — Adjusted gross margin shows an upward trend with a 24.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2023
Last reportedQ1 2026
How to read this metric
Higher margins indicate strong pricing power, efficient manufacturing, or a favorable product mix.
Detailed definition
Measures the profitability of the segment after accounting for direct production costs, often excluding certain non-cash...
Peer comparison
Standard profitability metric used across all hardware and manufacturing industries.
Metric ID:
axon_segment_connected_devices_adjusted_gross_marginHistorical Data
13 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $129.89M | $129.89M | $129.89M | $129.89M | $146.42M | $156.37M | $178.84M | $172.41M | $180.14M | $192.40M | $211.13M | $223.90M | $228.32M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +12.7% | +6.8% | +14.4% | -3.6% | +4.5% | +6.8% | +9.7% | +6.0% | +2.0% |
| YoY Change | — | — | — | — | +12.7% | +20.4% | +37.7% | +32.7% | +23.0% | +23.0% | +18.1% | +29.9% | +26.7% |
Range$129.89M – $228.32M
CAGR+20.7%
Avg YoY Growth+24.9%
Median YoY Growth+23.0%
Current Streak5 quarters growth
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Frequently Asked Questions
- What is Axon Enterprise, Inc.'s connected devices — adjusted gross margin?
- Axon Enterprise, Inc. (AXON) reported connected devices — adjusted gross margin of $228.32M in Q1 2026.
- How has Axon Enterprise, Inc.'s connected devices — adjusted gross margin changed year-over-year?
- Axon Enterprise, Inc.'s connected devices — adjusted gross margin increased by 26.7% year-over-year, from $180.14M to $228.32M.
- What is the long-term trend for Axon Enterprise, Inc.'s connected devices — adjusted gross margin?
- Over 2 years (2023 to 2025), Axon Enterprise, Inc.'s connected devices — adjusted gross margin has grown at a 24.7% compound annual growth rate (CAGR), from $519.55M to $807.57M.
- What does connected devices — adjusted gross margin mean?
- The profit made on products sold after direct costs, excluding certain non-cash expenses.