Friday, 6 November, 2026
Drones and Revenue Dips: Axon Bets $1.2 Billion on Skydio While Trimming Growth Outlook
By TechShots Studio
Axon has announced a $1.2 billion investment in U.S. drone maker Skydio at a $5.2 billion valuation, taking an additional 20% stake and becoming its exclusive North American public-safety distributor. Simultaneously, Axon lowered its 2026 annual revenue growth guidance to about 30%, citing delays in federal counter-drone deployments. The mixed news sent Axon shares down around 14% after-hours.
Read full story at REUTERS