Axon Enterprise (AXON)
Connects TASER devices, cameras and drones with cloud software for public-safety operations.
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Sells TASER conducted-energy devices, cameras, drones and counter-drone systems alongside cloud software for digital evidence, reporting, records, real-time operations and emergency communications. Revenue combines device sales and warranties with recurring software subscriptions, largely serving U.S. public-safety agencies through integrated, multi-year plans.
Links TASER conducted-energy devices, body, fleet and fixed cameras, drones and counter-drone systems with cloud software for public safety. Axon Evidence stores and manages digital evidence; Draft One assists report writing; Axon Records supports agency workflows; Axon Fusus and Axon 911 extend the platform into real-time operations and emergency communications. Hardware sales, cartridges, accessories and warranties sit alongside recurring software subscriptions and implementation services.
Serves U.S. federal, state and local agencies, international governments, enterprises and consumers, with U.S. public safety remaining the core market. Multi-year plans connect device deployments and refreshes to cloud workflows, while Arizona facilities perform manufacturing, final assembly and testing. Demand and deployments depend on government budget and procurement cycles, privacy and data-security rules, and weapon, spectrum and export approvals.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 3, 2026 | Argus Research | Reiterate | Rating: —Target: $380 | Target: $600 |
| Aug 6, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $600 | Target: $640 |
| Aug 6, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $535 | Target: $715 |
| Aug 6, 2026 | Piper Sandler | Reiterate | Rating: —Target: $724 | Target: $732 |
| Aug 6, 2026 | Barclays | Reiterate | Rating: —Target: $523 | Target: $688 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $692.5M · Total debt $1.83B · Total assets $7.48B · Shareholders' equity $3.67B
- Revenue
- $904.4M
- Operating income
- $46.8M
- Net income
- $29.4M
No dividends on record.
| Institutions | 89.83% | 72.98M shares | |
|---|---|---|---|
| 1,189 holders · as of Jun 30, 2026 | |||
| Insiders | 1.43% | 1.16M shares | |
| 19 holders · as of Sep 14, 2026 | |||
| Other | 8.74% | 7.10M shares | |
| remainder | |||
81.24M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 10.26% | 8.33M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.32% | 5.13M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.78% | 3.89M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.54% | 3.68M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 3.97% | 3.23M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 11, 2026 | Isaiah Fields | officer: Chief Legal Officer | −1,017 | $480.45 |
| Sep 8, 2026 | Patrick W. Smith | director, officer: CHIEF EXECUTIVE OFFICER | −10,000 | $508.99 |
| Aug 31, 2026 | Joshua Isner | officer: PRESIDENT | −16,775 | $574.43 |
| Aug 21, 2026 | Jeffrey C. Kunins | officer: CPO & CTO | −9,605 | $626.70 |
| Aug 7, 2026 | Patrick W. Smith | director, officer: CHIEF EXECUTIVE OFFICER | −10,000 | $548.90 |
- Motorola Solutions
Broadest public-safety rival across cameras, DEM, RTOC, CAD/RMS, and NG-911.
- Tyler Technologies
Dominant US municipal CAD/RMS incumbent that Axon Records directly challenges.
- NiCE (ADR)
DEM and ECC analytics platform overlapping Axon Evidence and Axon 911.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Axon Enterprise | $455.87 | +0.84% | $36.44B | 187.4 | 50.8 | 11.3 | +35.3% |
| Motorola Solutions | $458.58 | −0.60% | $76.58B | 36.3 | 25.3 | 6.3 | +13.3% |
| Tyler Technologies | $330.55 | −0.58% | $13.62B | 44.1 | 23.0 | 5.6 | +8.2% |
| NiCE (ADR) | $115.01 | +0.41% | $6.71B | 16.6 | 9.6 | 2.2 | +7.7% |
| Median | 36.3 | 23.0 | 5.6 | +8.2% |