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AeroVironment Shares Climb 7% After Unveiling 2030 Financial Targets
AeroVironment (NASDAQ: AVAV) stock experienced a 7% increase on Wednesday morning following the release of a presentation for its investor day. The materials outlined the defense technology company's long-term financial goals and strategic priorities.
Looking toward fiscal year 2030, AeroVironment projected organic revenue growth between 15% and 20%. The company also aims for adjusted EBITDA margins in the range of 18% to 20%, which would represent an expansion of 350 to 550 basis points from its current levels.
For the medium term, the company provided guidance for fiscal year 2027, forecasting revenue between $2.125 billion and $2.225 billion. This represents approximately 10% year-over-year growth from fiscal 2026. Adjusted EBITDA for fiscal 2027 is expected to be between $305 million and $325 million, with a margin of about 14.5%.
AdA key part of the company's strategy involves increasing investment in research and development, with plans to raise spending to between 7% and 9% of revenue by fiscal 2027 and maintain that level through 2030. The company stated its primary long-term objective is to approximately double its revenue by 2030, driven by innovation and market expansion.