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Axon Enterprise, Inc. AXON Connected Devices — Net Sales

Other segment segments

Software and Services
$262.74M

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 — net sales?
Axon Enterprise, Inc. (AXON) reported connected devices — net sales of $452.82M in Q1 2026.
How has Axon Enterprise, Inc.'s connected devices — net sales changed year-over-year?
Axon Enterprise, Inc.'s connected devices — net sales increased by 32.8% year-over-year, from $340.9M to $452.82M.
What is the long-term trend for Axon Enterprise, Inc.'s connected devices — net sales?
Over 2 years (2023 to 2025), Axon Enterprise, Inc.'s connected devices — net sales has grown at a 27.9% compound annual growth rate (CAGR), from $964M to $1.58B.
What does connected devices — net sales mean?
Represents the total revenue generated from the sale of hardware products within the Connected Devices segment. This metric reflects the market demand and adoption rate of the company's core physical product offerings. It is a primary indicator of top-line growth for the segment.