Taser-maker Axon pops 18% as AI boosts demand for its software tools
CNBC
CEO Rick Smith noted the impact of AI and said Axon is at a "moment unlike anything" he has seen since starting the company.
Axon Enterprise's stock surged more than 18% after the maker of Tasers, body cameras and drones topped Wall Street's fourth-quarter estimates as artificial intelligence accelerated demand for its software products
The company reported adjusted earnings of $2.15 per share on $797 million in revenue, surpassing the $1.60 per share and $755 million in revenue expected by analysts surveyed by LSEG.
Axon also issued upbeat revenue guidance for 2026, calling for growth between 27% and 30%, compared to a 25.8% estimate.
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