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Hsbc Holdings PLC lifted its stake in AeroVironment, Inc. (NASDAQ: AVAV) by 60.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,294 shares of the aerospace company's stock after acquiring an additional 8,369 shares during the period. Hsbc
AeroVironment is only expecting to grow about 10% this fiscal year. Non-GAAP profits are improving, but GAAP results show the struggle generating a real profit.
AeroVironment, Inc. (AVAV) Presents at Jefferies Global Industrials Conference 2026 Transcript
Highlights from the company's Q1 include $1.5 billion in funded backlog, up 37% year over year, and $2.8 billion in total backlog, providing clear visibility into the coming quarters.
Today, Sept. 10, 2026, drone and defense stock AeroVironment jumps while broader markets fall as geopolitical tensions re-escalate.
AeroVironment reported Q1 results that surpassed expectations with room to spare. The stock is selling at its lowest valuation since mid-2025.
AeroVironment scales LOCUST and other franchise programs as backlog and capacity investments support a back-half ramp-up and unchanged fiscal 2027 guidance.
AeroVironment (NASDAQ:AVAV) shares are up 6% to trade at $149.33 after the company reported fiscal first-quarter earnings and revenue that surpassed Wall Street's estimates.