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Axon Enterprise, Inc. AXON Connected Devices — Cost of Sales

Other segment segments

Software and Services
-$67.71M

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Other financials

Income statement

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Revenue$807.3M+33.7%
Gross profit$477.3M+30.5%
Operating income$29.2M+433%
Net income$169.3M+92.4%
EPS (diluted)$2.05+89.8%

Balance sheet

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Cash & equivalents$458.9M-58.0%
Total debt$1.8B-10.7%
Total equity$3.5B+38.3%
Total assets$7.1B+16.2%

Cash flow

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Operating cash flow-$31.5M-222%
CapEx$23.1M-7.0%
Free cash flow-$54.6M-5,963%

Valuation

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Market cap$37.47B-39.4%
Enterprise value$38.84B-38.6%
P/E181.9×-7.6×
P/S12.6×-13.3×

Profitability

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Gross margin59.3%-1.3pp
Operating margin-0.8%
Net margin6.9%-8.0pp
FCF margin0.7%-15.6pp

Returns & leverage

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Return on equity6.8%-8.4pp
Debt / equity0.5×-0.3×
Current ratio2.3×-0.6×

Where this comes from

Reported directly by Axon Enterprise, Inc. in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Axon Enterprise, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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 36.4% 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 2.3% compound annual growth rate (CAGR), from $447.71M to $468.94M.
What does connected devices — cost of sales mean?
Includes the direct costs attributable to the production and delivery of hardware products within the segment, such as raw materials, labor, and manufacturing overhead. This metric is essential for calculating the segment's gross profit and understanding production efficiency. It directly impacts the segment's bottom-line profitability.