# AeroVironment financial and operational performance > Live situation record from CLSTR: https://clstr.news/situations/aerovironment-financial-and-operational-performance > Updated: 2026-09-10T13:14:56.000Z. Sources: 9. Developments: 2. AeroVironment has experienced a period of significant financial divergence, characterized by record-breaking operational revenue alongside declining stock performance. In August 2026, the company reported a 133.3 percent year-over-year increase in quarterly revenue to $641.62 million. However, its share price had dropped approximately 40 percent over the preceding year following the loss of a $1.4 billion US Space Force contract and an $89 million accounting error. These setbacks led multiple law firms to announce intentions to file class-action lawsuits. By September 2026, the company reported strong fiscal Q1 2027 results, with revenue reaching approximately $480.5 million and earnings per share of $0.59, exceeding analyst estimates. The company’s funded backlog grew 37 percent year-over-year to a record $1.5 billion, bolstered by a $50 million international order for its LOCUST counter-drone system. Despite these earnings, the stock entered a bearish trend following a heavy-volume selloff on September 9. ## Timeline ### 2026-09-10: AeroVironment reports record revenue and earnings beat AeroVironment reported record Q1 FY2027 revenue of $480.5 million and an EPS beat, supported by a $1.5 billion backlog and new international orders for its LOCUST counter-drone systems. 6 sources. https://clstr.news/cluster/aerovironment-reports-record-revenue-and-earnings-beat ### 2026-08-24: AeroVironment faces lawsuits despite record quarterly revenue AeroVironment reports record quarterly revenue of $641.6 million despite a 40 percent stock drop and looming class-action lawsuits following previous contract losses and accounting errors. 4 sources. https://clstr.news/cluster/aerovironment-shares-fall-amid-aerospace-and-defense-sector-selloff --- Cite as: AeroVironment financial and operational performance. CLSTR, https://clstr.news/situations/aerovironment-financial-and-operational-performance