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Axon Enterprise Stock Surges on Strong Q2 Earnings and AI Adoption
Axon Enterprise Stock Surges on Strong Q2 Earnings and AI Adoption
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BTCCSquare news:
Axon Enterprise shares soared 18.5% after the law enforcement technology firm reported robust second-quarter results, surpassing revenue and earnings expectations. Revenue climbed 33% to $668.6 million, driven by balanced growth across software services and connected devices segments. Annual recurring revenue jumped 39% to $1.2 billion, signaling strong SaaS traction.
The company's generative AI tools like Draft One—which automates police report drafting—are gaining adoption, saving customers significant desk time. Adjusted EBITDA ROSE 37% to $172 million, while EPS of $2.12 (including a tax benefit) crushed the $1.46 consensus. Axon also raised full-year guidance, reflecting confidence in its AI-powered product roadmap.
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