$Aerovironment(AVAV.US) (-3% AH) appears to have beat on 1Q Rev ($455M vs $432M est) and Adj EBITDA ($56.6M vs $53.4M est) and raised FY’26 earnings guidance by ~25% (from $2.80-$3.00 to $3.60-$3.70, vs $3.27 est) but is trading down after hours because they missed modestly on 1Q earnings ($.32 vs $.35 est) because of a -$.10/share accounting entry. The company’s funded backlog (firm orders with contracts) of $1.1B was well in excess of consensus estimates of $685M.
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