---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-002922"
form_type: "8-K"
ticker: "AVAV"
cik: "0001368622"
company_name: "AeroVironment Inc"
filed_at: "2023-03-06T23:59:59+00:00"
generated_at: "2026-06-18T11:18:51.775237+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AeroVironment Q3 revenue up 49% to $134.4M; backlog record $413.9M; raises FY guidance

## Summary
- Revenue $134.4M (+49% YoY); gross margin 34% (up from 24%); net loss $0.7M ($0.03 diluted loss).
- Non-GAAP adjusted EBITDA $23M; non-GAAP EPS $0.33; record funded backlog $413.9M (+83% YoY).
- Demand driven by Puma and Switchblade systems for Ukraine; backlog includes $413.9M funded orders.
- FY2023 guidance raised: revenue $510-525M; non-GAAP EPS $1.13-1.33; GAAP EPS $0.01-0.21.

## SEC filing metadata
- accession: 0001558370-23-002922
- form_type: 8-K
- ticker: AVAV
- cik: 0001368622
- company_name: AeroVironment Inc
- filed_at: 2023-03-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1368622/000155837023002922/0001558370-23-002922-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1368622/000155837023002922/avav-20230306x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-002922
- JSON: https://secwatch.observer/filing/0001558370-23-002922.json
- Plain text: https://secwatch.observer/filing/0001558370-23-002922.txt

## Key facts
- Earnings Releases
  AeroVironment Inc reported the fiscal third quarter ended January 28, 2023 results: revenue $134.4 million, net income $(0.7) million, EPS $(0.03) per diluted share. Guidance raised.
  - Period: the fiscal third quarter ended January 28, 2023
  - Revenue: $134.4 million
  - Net income: $(0.7) million
  - EPS: $(0.03) per diluted share
  - Guidance: raised
  - Result: reported results
  source text: multi-domain robotic systems, today reported financial results for the fiscal third quarter ended January 28, 2023. ​ Third Quarter Highlights ​ ● Third quarter revenue of $134.4 million, up 49% year-over-year ● Third quarter gross margin of $45.5 million, an increase of 112% year-over-year; gross margin percentage of 34% rose approximately 1,000 basis points ●
  evidence_url: https://www.sec.gov/Archives/edgar/data/1368622/000155837023002922/0001558370-23-002922-index.htm

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