Axon Enterprise stock analysis 2026 | Price, valuation & outlook

Axon Enterprise

NasdaqGS:AXON

$ 429,94

$-20,52 (-4,56%)

429,94 $

$-20,52 (-4,56%)

End-of-day quote: 03/27/2026

Axon Enterprise Stock Value

Analysts currently rate NasdaqGS:AXON as Outperform.

Outperform

Axon Enterprise Company Info

EPS Growth 5Y

41,69%

Market Cap

$34,49 B

Long-Term Debt

$1,73 B

Short Interest

2,39%

Quarterly earnings

05/07/2026 (E)

Dividend

$0,00

Dividend Yield

0,00%

Founded

1993

Industry

Information Technology

Country

United States

ISIN Number

US05464C1018

Website

http://www.axon.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$727,50

69.21%

Last Update: 03/28/2026

Analysts: 18

Highest Price Target $950,00

Average Price Target $727,50

Lowest Price Target $521,24

In the last five quarters, Axon Enterprise’s Price Target has risen from $187,57 to $357,80 - a 90,76% increase. Nineteen analysts predict that Axon Enterprise’s share price will increase in the coming year, reaching $727,50. This would represent an increase of 69,21%.

Top growth stocks in the information technology sector (5Y.)

What does Axon Enterprise do?

Axon Enterprise, Inc. (Axon) is a market-leading provider of public safety technology solutions. Axon is building the public safety operating system of the future by integrating a suite of hardware devices and cloud software solutions that not only revolutionize modern policing but also cater to federal agencies, corrections, justice and enterprise-level security needs. Axon’s suite includes cloud-hosted digital evidence management solutions, productivity and real-time operations software, body...

Axon Enterprise, Inc. (Axon) is a market-leading provider of public safety technology solutions.

Axon is building the public safety operating system of the future by integrating a suite of hardware devices and cloud software solutions that not only revolutionize modern policing but also cater to federal agencies, corrections, justice and enterprise-level security needs. Axon’s suite includes cloud-hosted digital evidence management solutions, productivity and real-time operations software, body cameras, in-car cameras, TASER energy devices, drone and robotic security, and training solutions.

Axon’s operations comprise two reportable segments:

Software and Sensors: The company develops, manufactures, and sells fully integrated hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence. Its software offerings also support productivity and real-time operations. The Software and Sensors segment includes the sale of sensors, including body cameras, in-car cameras, other hardware sensors, warranties on sensors, and other products, as well as recurring cloud-hosted software revenue, related non-recurring professional services revenue, and revenue from certain software, including on-premise licenses.

TASER: Axon is the market leader in the development, manufacture, and sale of conducted energy devices (CEDs), which the company sells under its brand name, TASER. The TASER segment includes the manufacture and sale of CEDs, batteries, accessories, and extended warranties, digital subscription training content, virtual reality (VR) training content, TASER Evidence.com license revenue, and other professional services tied to TASER and VR deployments.

Key Product Category Revenue Drivers

Axon products are generally cloud-connected, designed to drive better outcomes and customer experiences, and sold via mutually reinforcing integrated subscription plans. The company’s key revenue drivers belong to three broad product categories:

Software: Axon is building a suite of cloud-based, Software-as-a-Service (SaaS) solutions that integrate with the company's sensors and TASER devices to benefit customers and drive annual recurring revenue. The company has many SaaS solutions, which can best be trisected into three categories: digital evidence management, productivity and real-time operations solutions. Axon Evidence is the world's largest cloud-hosted public safety data repository of public safety video data and other types of digital evidence. The company's productivity suite, which includes Axon Records and artificial intelligence (AI), is designed to save officers time spent writing reports and doing paperwork. The company's real-time operations capabilities, which include Axon Respond, integrates location data, signal alerts and video feeds to provide a complete picture of evolving situations.

Sensors: Axon devices address many needs, including transparency, real-time situational awareness, and accurate capture and integration of evidence with software workflows. Product categories within sensors include Axon Body cameras, Axon Fleet in-car systems, drones and robotics, and other devices that work with the company's software. The company's software solutions also support an open ecosystem of connected devices produced by other vendors.

TASER: The company develops smart devices, tools and services that support public safety officers in de-escalating situations, avoiding or minimizing use of force and aiding consumer personal protection. These tools include TASER devices, virtual reality ('VR') training services and consumer devices. Research has shown that TASER devices are the most effective less-than-lethal force option, with the lowest likelihood of injury to officers and assailants. TASER devices have been adopted by a majority of the U.S. state and local law enforcement and are used daily to help keep communities safe. Global adoption of TASER devices remains early and the company is expanding into new geographies. Axon VR solutions make public safety training more accessible, relevant and affordable - with the intention of using new immersive VR technologies to better prepare officers for real-life situations in the field.

Sales and Distribution

The company thinks of its core customers as falling into roughly four categories of funding sources: the U.S. state and local governments, the U.S. federal government, international government customers, and commercial enterprises. Additionally, the types of customers who find value in the company's product offerings are expanding beyond law enforcement to include customers, such as attorneys, corrections, fire and emergency medical services personnel, commercial enterprise security, frontline enterprise workers, and the U.S. military.

Axon's sales force and strong customer relationships represent key strategic advantages. The majority of the company's revenues are generated via direct sales, including the company's online store, although the company does leverage distribution partners and third-party resellers.

Governmental agencies generally have the ability to terminate the company's contracts, in whole or in part, for reasons, including non-appropriation of funds. The company continues to monitor developments in federal government funding.

Intellectual Property

As of December 31, 2024, the company held over 330 U.S. patents, over 150 U.S. registered trademarks, over 270 international patents, and over 460 international registered trademarks, as well as numerous pending patent and trademark applications.

The company has the exclusive rights to many Internet domain names, primarily including Axon.com, Evidence.com, and TASER.com.

Competition

Sensors — Connected Cameras and Digital Evidence Management Software

The company’s competition includes 10-8 Video, 365Labs, Axis Communications AB, Digital Ally Inc., Duress, Getac Technology Corporation, Halo Body Cameras, Hikvision, Hytera, IONODES, i-PRO, LensLock Inc., Motorola Solutions, M-View, Oracle, Patrol Eyes, Pinnacle Response, Pro-Vision, Recoda, Reveal Media, Safe Fleet, Utility Associates, Versaterm Inc., WCCTV, Wolfcom Enterprises, Wrap Technologies Inc. and Zepcam B.V., Applied Concepts Inc., Genetec Inc. and Insight LPR.

The company’s competition includes FileOnQ, FotoWare, Genetec Inc., IBM, i-PRO, Motorola Solutions, NICE, OpenText Corporation, Oracle, QueTel Corporation, Revir Technologies, Utility Associates and Vidizmo, LLC, among others.

Productivity and Real-Time Operations Software — Records Management System (‘RMS’) and Axon Fusus

The company’s Axon Fusus offering competes both with real-time operations platforms that ingest body camera video feeds, like Genetec's Citigraf, Motorola’s CommandCentral Aware and Utility’s Strax Response, Flock Safety’s FlockOS, Hitachi Vantara’s Visualization Platform, and MIDL Technology, as well as platforms that ingest video feeds exclusively from surveillance cameras, like Hexagon's Connect, Live Earth and Spatialitics's GeoShield, among others.

VR De-Escalation Training for Law Enforcement, Corrections and Private Security

The company’s VR Training platform competes with several other companies in the space who offer simulation scenarios, including simulated training on the use of both lethal and less-than-lethal alternatives. The company’s competition in this space includes Adaptive VR Ltd., Apex Officer, Hologate GmbH, InVeris Training Solutions Inc., Laser Shot Inc., MILO, OperatorXR, Street Smarts VR, Ti Training Corp, V-Armed, VirTra Inc. and Wrap Technologies, among others.

Axon Air

The company’s end-to-end drone management software platform competes with a select set of companies in the space who offer drone programs and flight management software solutions. The company’s competition in this space includes Auterion Ltd., BRINC Drones’ LiveOps, Flock Safety’s Aerodome, Motorola Solutions’ CAPE, Paladin Drones’ Watchtower and Votix, LLC, among others.

The company’s indoor tactical drone hardware platform, Sky-Hero, competes with a few other companies in the space, including BRINC, Indoor Robotics, XTEND, and FLIR.

Dedrone by Axon

Dedrone competes with Advanced Protection Systems, Anduril, ApolloShield, ARTSys360, Aselsan, Belgian Advanced Technology Systems, Big Bang Boom Solutions, Bligther Surveillance Systems, BlueHalo, BSS Holland, CACI, Cerbair, Chess Dynamics, DEFSYS, Department 13, D-Fend, DroneDefence, Droneshield, Dynamite Global Strategies, DZYNE Technologies, EDGE, EdgeSource, Elbit Systems, ELT Group, ESG, Fortem Technologies, FN Herstal, General Atomics, Gradiant, Guardion, Havelsan, Hensoldt, Hertz New Technologies, IEC Infrared Systems, Indra, L3 Harris, Leidos, Leonardo DRS, LiveLink Aerospace, Lockheed Martin, Marduk, MBDA, MC2 Technologies, Meteksan Savunma, Metis, MSI Defense Systems, MyDefence, Northrop Grumman, NSO Group, Openworks, QinetiQ, Raytheon, Regulus, Rheinmetall, SAAB, SAIC, SAMI Advanced Electronics, Securiton, Sensofusion, Sentrycs, Sentry View Systems, Skycope, Skylock, Skysafe, SNC, Sopra Steria, SRC, Teledyne FLIR, Terma, Thales, TRD Systems, UAVOS, Unifly, Vector Solutions, Vigilant Drone Defense, Vorpal, Whitefox Defense, and Zen Technologies, among others.

TASER for Professional Users

The company’s CEDs compete with a variety of less-than-lethal alternatives to firearms, including rubber bullets or rubber baton rounds, such as those made by Combined Systems, Inc.; pepper spray and pepper spray projectiles, such as those made by Byrna Technologies Inc. (dba Fox Labs), SABRE Corporation and Mace Security International, Inc.; traditional stun guns, such as those made by UZI and Jolt; hand-held remote restraint devices involving a tether, such as those made by Wrap Technologies Inc.; laser dazzlers that cause temporary blindness, such as those made by B.E. Meyers & Co., Inc.; stun grenades, such as those made by Combined Systems, Inc.; long-range acoustic devices, such as those made by Genasys Inc.; and police batons and night sticks, such as those made by Monadnock and Armament Systems and Procedures, Inc.

TASER for Personal Safety

In the private citizen space, TASER devices compete with firearms and other less-than-lethal self-defense options such as stun guns and pepper spray-based products. Leading competitors in the less-than-lethal space include Byrna Technologies, Inc., Mace, PepperBall, SABRE, Salt Supply Co. and Vipertek.

Governmental Regulation

Axon body cameras, docks, Axon Fleet vehicle cameras and Axon Signal devices are subject to the U.S. Federal Communications Commission’s (FCC’s) rules and regulations in the United States, as well as rules and regulations as applicable outside of the United States. These regulations affect its CEDs with Axon Signal technology, including the TASER 7 CED, Signal Performance Power Magazine (SPPM), the TASER 10 CED, and future CEDs implementing wireless technology.

For the company’s CED products, the company relies on the opinions of the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), including the determination that a device that does not expel projectiles by the action of an explosive is not classified as a firearm.

The majority of the company's offered CEDs are not classified as firearms regulated by the ATF. However, the ATF regulates TASER 10 as a firearm under the Gun Control Act of 1968 ('GCA') due to a technological advancement specific to the propulsion design of TASER 10 cartridges.

The company's CED products are also subject to testing, safety and other standards by organizations, such as the American National Standards Institute, the International Electrotechnical Commission, the National Institute of Standards and Technology and Underwriters Laboratories. These regulations also affect CEDs with Axon Signal technology, including SPPM technology, and TASER 7 and TASER 10 battery packs.

The company's CEDs are considered a 'crime control' product by the U.S. Department of Commerce ('DOC') for export directly from the United States, which requires the company to obtain an export license from the DOC for the export of the company's CED devices from the United States to any country other than Canada.

The company's CED development and production is also considered controlled 'technology' by the DOC and is categorized as a 'deemed export' for any foreign national employees exposed to the technology within the United States.

The company is also subject to the U.S. laws and regulations, including the California Privacy Rights Act ('CPRA'), which provides for enhanced consumer protections for California residents, a private right of action for data breaches and statutory fines and damages for data breaches or other California Consumer Privacy Act ('CCPA') violations, as well as a requirement of 'reasonable' cybersecurity.

Research and Development

The company incurred R&D expense of $441.6 million in 2024.

History

The company was founded in 1993. It was incorporated in Arizona in 1993. The company was formerly known as ICER Corporation and changed its name to AIR TASER, Inc. in December 1993 and then to TASER International, Incorporated in 1998. In 2001, the company was reincorporated in Delaware as TASER International, Inc. The company changed its name to Axon Enterprise, Inc. in 2017.

Axon Enterprise Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by sector:** - Public safety: approx. 60% - Law enforcement: approx. 30% - Private sector and others: approx. 10% **TOP 3 markets:** 1. **USA:** approx. 70% 2. **Europe:** approx. 15% 3. **Asia-Pacific:** approx. 10% Axon Enterprise, Inc. generates the majority of its revenu...

At which locations are the company’s products manufactured?

**Production Facilities of Axon Enterprise, Inc.:** Axon Enterprise, Inc. mainly produces its products in the United States. The main production facilities are located in Scottsdale, Arizona, where the company also has its headquarters. In addition, Axon has other production and development facilit...

What strategy does Axon Enterprise pursue for future growth?

**Revenue Growth:** 20% (estimated 2024) **R&D Investments:** 15% of revenue (estimated 2024) Axon Enterprise, Inc. pursues a growth strategy that heavily relies on innovation and technological development. The company continuously invests in research and development to expand its product r...

Which raw materials are imported and from which countries?

**Main materials:** Aluminum, plastic, electronic components **Countries of origin:** China, Taiwan, USA Axon Enterprise, Inc. is known for the production of non-lethal weapons and security solutions, including Taser devices and body cameras. The production of these devices requires a variety of m...

How strong is the company’s competitive advantage?

**Market share:** 40% (estimated for 2025) **Research & Development (R&D) expenses:** 12% of revenue (2024) **Customer satisfaction:** 4.7 out of 5 (2024, based on surveys) Axon Enterprise, Inc. has a significant competitive advantage that arises from several factors. Firstly, the company h...

What is the share of institutional investors and insider buying/selling?

**Institutional investor share:** approx. 80% (2025, estimated based on historical data) **Insider purchases/sales:** No significant transactions in the last quarter (2025, estimated) The institutional investor share at Axon Enterprise, Inc. traditionally stands at around 80%, indicating the trust...

What percentage market share does Axon Enterprise have?

**Market share of Axon Enterprise, Inc.:** 35% (estimated, 2025) **Top competitors and their market shares:** 1. **Axon Enterprise, Inc.:** 35% 2. **Motorola Solutions, Inc.:** 25% 3. **Digital Ally, Inc.:** 15% 4. **BodyWorn by Utility, Inc.:** 10% 5. **WatchGuard Video (part of Motorola):** 8% 6....

Is Axon Enterprise stock currently a good investment?

**Revenue growth:** 25% (2024) **Profit growth:** 18% (2024) **Market share in the body cameras sector:** 40% (2024) Axon Enterprise, Inc. recorded an impressive revenue growth of 25% in 2024, attributed to the increasing demand for security solutions and innovative technologies. The company also a...

Does Axon Enterprise pay a dividend – and how reliable is the payout?

**Dividend:** No payout (as of 2023) Axon Enterprise, Inc. currently does not pay a dividend. The company has focused in the past on reinvesting its earnings into growth and the development of new technologies, especially in the areas of public safety and law enforcement. Axon's strategy is t...

New support ticket

Explore

Axon Enterprise Stock Value

Axon Enterprise Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the information technology sector (5Y.)

What does Axon Enterprise do?

Axon Enterprise Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Axon Enterprise Stock Value

Axon Enterprise Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the information technology sector (5Y.)

What does Axon Enterprise do?

Axon Enterprise Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.