Axon Enterprise Inc. (AXON) closed at $313 at 4 p.m. ET on Nov. 6, 2026, down $69.56, or 18.18%, from its Nov. 5 close of $382.56, its largest one-day percentage drop since Feb. 21, 2013. A day earlier, Axon reported record third-quarter revenue of $909 million, up 28%, and a $1.2 billion Skydio investment that lifts its stake to 37%.
Key points
Nov. 6 close: $313, down 18.18% from $382.56 at 4 p.m. ET; lowest close since Aug. 6, 2024 ($295).
Third-quarter revenue $909 million, up 28%; Software & Services $437 million, up 43%; Platform Solutions $125 million, up 106%.
Net income $57 million, or $0.68 a diluted share; Adjusted EBITDA $236 million, up 33%.
How far did Axon stock fall after the earnings release?
Axon shares fell 18.18% in the Nov. 6, 2026, regular session, losing $69.56 from the Nov. 5 close. The last larger one-day percentage drop was Feb. 21, 2013, when the stock fell 19.67%. The Nov. 6 close was also the lowest since Aug. 6, 2024. Axon reported after the Nov. 5 close; the release does not state a cause for the next-day move.
What did Axon report for the third quarter of 2026?
For the quarter ended Sept. 30, 2026, Axon's earnings release said revenue rose 28% to $909 million. Software & Services revenue grew 43% to $437 million. Platform Solutions revenue grew 106% to $125 million. Net income was $57 million, or $0.68 per diluted share, after a year-earlier loss. Adjusted EBITDA rose 33% to $236 million.
Axon said it is investing $1.2 billion in Skydio, taking its stake to 37% and becoming Skydio's exclusive public-safety distributor in the U.S. and Canada. It expects fourth-quarter revenue of $990 million to $1.01 billion, implying full-year 2026 revenue of about $3.61 billion to $3.63 billion, or roughly 30% growth. To track large moves in names you follow, alert yourself to big moves.
What to watch
Fourth-quarter revenue versus the $990 million to $1.01 billion range set Nov. 5, 2026.
Closing of the Skydio investment described in the Nov. 5 release.
Sources: Axon Enterprise, third-quarter 2026 earnings release (Exhibit 99.1), Form 8-K and Q3 2026 earnings press release, Nov. 5, 2026; Financial Modeling Prep, historical price EOD full (AXON); Nasdaq, AXON quote info; Yahoo Finance, AXON daily chart, Nov. 6, 2026. One-day percentage changes, the Feb. 21, 2013 larger-drop date and the Aug. 6, 2024 lowest-close date calculated by Silvia News.
Silvia News is for information only and is not investment advice.
