Axon Enterprise Inc

AXON: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Axon Earnings: Flat Core Hardware Sales Offset Accelerating Software Growth; Shares Undervalued

Nicholas Lieb

Nov 6, 2026

Axon reported third-quarter sales growth of 28% year over year. Quarter-over-quarter sales were flat, and management reduced revenue guidance, sending shares down over 10% after the market close on Nov. 5.

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Axon Enterprise Inc

Axon Earnings: Flat Core Hardware Sales Offset Accelerating Software Growth; Shares Undervalued

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