AeroVironment released the transcript of its Q3 fiscal 2026 earnings call attended by Chairman, President and CEO Wahid Nawabi, CFO and EVP Kevin McDonnell, and Head of Investor Relations Denise Pacioni. Management said Q3 revenue was USD 408 million and funded backlog ended the quarter at USD 1.1 billion, while full-year revenue guidance was revised to USD 1.85 billion to USD 1.95 billion and adjusted EBITDA to USD 265 million to USD 285 million. Nawabi said the U.S. Space Force terminated the SCAR/BADGER phased-array antenna contract for convenience after the parties could not agree to modify the contract, and McDonnell said the stop-work order contributed to a USD 151 million non-cash goodwill impairment. McDonnell said SCAR-related revenue in fiscal 2027 is expected to be less than 5% and less than USD 100 million, while Nawabi said the company plans to pursue a commercialized BADGER solution and re-compete under revised requirements. Nawabi also said AeroVironment is building a 140,000-square-foot Salt Lake City manufacturing facility with potential capacity to produce more than USD 2 billion of Switchblade or other products annually, and said Titan counter-UAS manufacturing is planned to rise more than 4x this year.

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