AXON
AXON ENTERPRISE, INC.Evidence as of 2026-09-02Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.2 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The evidence balance is Mixed (+0.2 of a possible +2; confidence high). Revenue rose from $ 807,345,000 in fiscal Q1 2026 (fiscal quarter ended 2026-04-30) to $ 904,389,000 in fiscal Q2 2026 (fiscal quarter ended 2026-07-31), and gross profit increased from $ 477,286,000 to $ 546,447,000 over the same quarters, implying gross margin moved from about 59.1% to about 60.4%. Operating income climbed from $ 29,243,000 in Q1 2026 to $ 46,778,000 in Q2 2026, lifting operating margin from roughly 3.6% to about 5.2%.
Those operating improvements sit beside a sharp swing in net income, which fell from $ 169,312,000 in Q1 2026 to $ 29,427,000 in Q2 2026. Cash and cash equivalents rose from $ 458,921,000 as of 2026-03-31 to $ 597,704,000 as of 2026-06-30 while long-term debt remained roughly flat near $ 1,731,817,000; diluted shares outstanding edged up modestly to 82,541,000 for the trailing twelve months and point-in-time common shares moved from 80,602,077 (as of 2026-04-30) to 81,237,415 (as of 2026-07-31). Trailing-twelve-month free cash flow is negative $ 150,678,000 and trailing diluted EPS is $ 2.82.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenue increased from $807,345,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) to $904,389,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0001628280-26-031542Gross profit rose from $477,286,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) to $546,447,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo); gross margin using those figures moved from about 59.1% to about 60.4% (gross profit / revenue).
XBRL companyfacts · 0001628280-26-053646Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Nothing in this slice of the evidence rose to a claim — a quiet read, which itself is information.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
No computed signal history for this symbol yet — signals need roughly 70 trading days of price history.
Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02T13:45:47.228469+00:00, AXON was a holding in the IVV ETF with a weight of 0.07% of the fund.
ETF constituents · market dataThis single data point indicates membership in a major broad-market ETF (IVV) but shows a very small portfolio weight (0.07%).
ETF constituents · market dataReads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
A series of SEC-filing summaries report institutional purchases in the second quarter, including Moore Capital Management LP adding 2,364 shares to its Axon position.
News · thelincolnianonline.com · 2026-09-01A headline frames a Needham research stance as supportive of Axon following a 14% weekly move tied to ALPR (automated license-plate reader) concerns.
News · gurufocus.com · 2026-09-02Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
Trailing-twelve-month free cash flow (FCF) is negative $150,678,000, equal to FCF per share of negative $1.8255.
Valuation inputs · SEC XBRL + stored EOD closeNet cash provided by (used in) operating activities over the trailing twelve months is negative $77,984,000 while capital expenditures were $72,694,000 for the same period.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
SEC-filed quarterly results show sequential revenue, gross profit, and operating income increases between Q1 and Q2 2026, with gross margin rising ~1.3 percentage points and operating margin improving from ~3.6% to ~5.2%—this is direct, high-quality evidence of quarter-to-quarter operational improvement. Cash and cash equivalents grew materially over the quarter while long-term debt remained essentially unchanged, which the filings also document and which mitigates balance-sheet liquidity concerns in the short term. Institutional buying noted in SEC-filing summaries and supportive analyst coverage in the press provide additional, moderate-strength corroboration of positive market reception and company-specific developments (municipal wins, radar integration) that expand the business ecosystem. The bear case centers on a sharp sequential net-income decline and negative trailing-twelve-month free cash flow; those are strong-data points from the financial dataset and filings, but they are partly offset in informational terms by contemporaneous operating-profit growth and an increased cash balance reported in the same sources. Overall, the strongest evidence for a favorable read is the SEC-filed quarter-over-quarter operational improvement and the quarter-end cash increase; the weakest opposing points are narrative/valuation stories that lack accompanying forward-looking metrics or market-price context in this dataset.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.36
19 surviving claims rest on 9 distinct sources; the heaviest analyst carries 32% of them, and 100% of what the desk raised survived the debate.
The surviving set rests on a small number of distinct sources and a single analyst carrying nearly a third of the claims, so the read has moderate fragility: internal debate did not remove any claims, which supports consistency, but the limited source and analyst concentration reduce how much independent weight this evidence can bear. In practice, corroboration from additional independent filings or third-party data would materially strengthen confidence in these claims.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
11 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.3 to the score
1 holdings record
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on AXON Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.