---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-018403"
form_type: "8-K"
ticker: "AVAV"
cik: "0001368622"
company_name: "AeroVironment Inc"
filed_at: "2022-12-06T23:59:59+00:00"
generated_at: "2026-06-21T08:44:43.892590+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AeroVironment Q2 revenue $111.6M, net loss $6.7M; raises FY23 revenue guidance

## Summary
- Q2 revenue $111.6M, down 9% YoY; net loss $(0.27) per share vs $0.10 income last year.
- Gross margin fell to 23% from 35% due to unfavorable mix and $4.5M accelerated depreciation.
- Bookings $197.3M; funded backlog record $293.1M at Oct 29, $388.2M at Nov 26.
- Raised FY23 revenue guidance to $505-525M; cut profitability outlook with GAAP EPS $0.33-$0.65.
- Non-GAAP adjusted EBITDA $6.8M vs $21.9M; non-GAAP EPS $0 vs $0.78.

## SEC filing metadata
- accession: 0001558370-22-018403
- form_type: 8-K
- ticker: AVAV
- cik: 0001368622
- company_name: AeroVironment Inc
- filed_at: 2022-12-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1368622/000155837022018403/0001558370-22-018403-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1368622/000155837022018403/avav-20221206x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-018403
- JSON: https://secwatch.observer/filing/0001558370-22-018403.json
- Plain text: https://secwatch.observer/filing/0001558370-22-018403.txt

## Key facts
- Earnings Releases
  AeroVironment Inc reported fiscal year 2023 results: revenue between $505 million and $525 million, net income between $8 million and $17 million, EPS between $0.33 and $0.65. Guidance raised.
  - Period: fiscal year 2023
  - Revenue: between $505 million and $525 million
  - Net income: between $8 million and $17 million
  - EPS: between $0.33 and $0.65
  - Guidance: raised
  - Result: guidance update
  source text: For the fiscal year 2023, the Company now expects revenue of between $505 million and $525 million, net income of between $8 million and $17 million, Non-GAAP adjusted EBITDA of between $84 million and $92 million, earnings per diluted share of between $0.33 and $0.65 and non-GAAP earnings per diluted share, which excludes amortization of intangible assets and other non-cash purchase accounting expenses, of between $1.26 and $1.58.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1368622/000155837022018403/0001558370-22-018403-index.htm
- Earnings Releases
  AeroVironment Inc reported the fiscal second quarter ended October 29, 2022 results: revenue $111.6 million, net income $6.7 million, EPS $(0.27) per diluted share.
  - Period: the fiscal second quarter ended October 29, 2022
  - Revenue: $111.6 million
  - Net income: $6.7 million
  - EPS: $(0.27) per diluted share
  - Result: reported results
  source text: Revenue for the second quarter of fiscal 2023 was $111.6 million, a decrease of 9% from the second quarter of fiscal 2022 revenue of $122.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1368622/000155837022018403/0001558370-22-018403-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.