AeroVironment Inc (AVAV): auditor change — AeroVironment restates Q3 FY2026 financials due to goodwill error; net loss understated by $87.3M

AeroVironment Inc

Restatement of unaudited financials for quarter ended Jan 31, 2026; net loss understated by $87.3M ($1.75/share) due to goodwill impairment error in Space reporting unit.
Goodwill impairment charge increased by $89.4M (non-cash); no impact on revenue, cash flows, or non-GAAP Adjusted EBITDA and non-GAAP EPS.
Material weakness in internal control over financial reporting related to goodwill impairment analysis; disclosure controls deemed ineffective.
Directors David Wodlinger and Henry Albers (Arlington Capital designees) resigned June 17, 2026, citing no disagreement; Board now eight directors.

item 4.02 item 5.02

Executive movements

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Departed

Henry Albers

Director

AVAV · AeroVironment Inc

Effective: 2026-06-17
Filed: June 22, 2026, 9:08 AM ET

On June 16, 2026, the Company received separate notices from each of Director David Wodlinger and Director Henry Albers informing the Company of their resignation from the Company’s Board effective June 17, 2026.

Departed

David Wodlinger

Director

AVAV · AeroVironment Inc

Effective: 2026-06-17
Filed: June 22, 2026, 9:08 AM ET

On June 16, 2026, the Company received separate notices from each of Director David Wodlinger and Director Henry Albers informing the Company of their resignation from the Company’s Board effective June 17, 2026.

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

AeroVironment Inc reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

require restatement and should no longer be relied upon until such financial statements are restated.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Henry Albers resigned as Director at AeroVironment Inc.

Action: resigned
Role: Director

Exact text from the filing

On June 16, 2026, the Company received separate notices from each of Director David Wodlinger and Director Henry Albers informing the Company of their resignation from the Company’s Board effective June 17, 2026.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

David Wodlinger resigned as Director at AeroVironment Inc.

Action: resigned
Role: Director

Exact text from the filing

On June 16, 2026, the Company received separate notices from each of Director David Wodlinger and Director Henry Albers informing the Company of their resignation from the Company’s Board effective June 17, 2026.

View on SEC.gov

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AeroVironment Inc filing history →

Source: SEC EDGAR

accession 0001104659-26-076140

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