Business Segments · Cost of Sales
Connected Devices — Cost of Sales
Axon Enterprise, Inc. Connected Devices — Cost of Sales decreased by 195.8% to -$232.16M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 236.4%, from $170.18M to -$232.16M. Over 2 years (FY 2023 to FY 2025), Connected Devices — Cost of Sales shows an upward trend with a 34.4% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityModerate
First reportedQ1 2023
Last reportedQ1 2026
Rolls up toTotal Cost of Revenue
How to read this metric
A lower ratio relative to revenue indicates improved manufacturing efficiency or better pricing power.
Detailed definition
Includes the direct costs attributable to the production and delivery of hardware products within the segment, such as r...
Peer comparison
Standard metric for all manufacturing and hardware companies.
Metric ID:
axon_segment_connected_devices_cost_of_salesHistorical 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 | $111.93M | $111.93M | $111.93M | $111.93M | $152.16M | $142.63M | $156.17M | $167.18M | $170.18M | $193.51M | $203.17M | $242.44M | -$232.16M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +35.9% | -6.3% | +9.5% | +7.1% | +1.8% | +13.7% | +5.0% | +19.3% | -195.8% |
| YoY Change | — | — | — | — | +35.9% | +27.4% | +39.5% | +49.4% | +11.8% | +35.7% | +30.1% | +45.0% | -236.4% |
Range-$232.16M – $242.44M
CAGR+27.5%
Avg YoY Growth+4.3%
Median YoY Growth+35.7%
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Frequently Asked Questions
- What is Axon Enterprise, Inc.'s connected devices — cost of sales?
- Axon Enterprise, Inc. (AXON) reported connected devices — cost of sales of -$232.16M in Q1 2026.
- How has Axon Enterprise, Inc.'s connected devices — cost of sales changed year-over-year?
- Axon Enterprise, Inc.'s connected devices — cost of sales decreased by 236.4% year-over-year, from $170.18M to -$232.16M.
- What is the long-term trend for Axon Enterprise, Inc.'s connected devices — cost of sales?
- Over 2 years (2023 to 2025), Axon Enterprise, Inc.'s connected devices — cost of sales has grown at a 34.4% compound annual growth rate (CAGR), from $447.71M to $809.30M.
- What does connected devices — cost of sales mean?
- The direct costs incurred to manufacture and deliver the products sold by this segment.