ABN Amro Investment Solutions Has $3.71 Million Stock Position in Axon Enterprise, Inc $AXON

Axon Enterprise President Josh Isner said the company is seeing growth across U.S. public safety, international, enterprise customers and counter-drone products, according to a William Blair fireside chat. He cited international bookings of $1 billion+ in 2023, AI tools bookings of $750 million+ last year, and Q1 AI bookings up 140% y/y. Adjusted EBITDA margins rose to 25.5% this year, with 28% guided for 2028.

US stocks fell Friday as chip shares reversed after a strong rally and a better-than-expected May jobs report boosted expectations of a hawkish Fed. Nonfarm payrolls rose 172,000 vs 85,000 forecast. S&P 500 -0.85% and Nasdaq -1.39%. Lululemon cut its profit outlook; Cooper Companies rose after beating estimates.

Australia’s S&P/ASX 200 fell 0.7% to 8,625.10 on Friday, its lowest close since May 28, and logged its worst week in nearly a month. The index was down 1.2% for the week. The slide followed U.S.-Iran peace talks stalling amid U.S./Israel and Hezbollah ceasefire disputes, while resources and financials declined.

The Wall Street Journal, citing people familiar with the matter, reported the Pentagon has held talks with drone companies and that deals could give the U.S. government some ownership stake. Analysts cited potential beneficiaries including Unusual Machines, which rose over 60% after the report, and Motorola Solutions and Axon Enterprise. Oppenheimer raised 2027 drone TAM to $140B. Barclays and others highlighted AeroVironment, Kratos, Ondas, Palantir, Aevex, and Red Cat.

Snowflake reported Q1 results and said it is expanding its AI efforts. According to the company, revenue rose 33% to $1.39B (vs. $1.32B est.), net revenue retention was 126%, and remaining performance obligations increased 38% to $9.21B. Adjusted EPS rose to $0.39 (from $0.24), beating $0.32. Snowflake also expanded a $6B AWS collaboration and acquired Natoma. The article points to Axon Enterprise and Microsoft as potential beneficiaries.

Echodyne said it has partnered with Axon (Nasdaq: AXON) to support public-safety drone infrastructure in the U.S. and globally. Echodyne’s MESA radar will back Axon’s drone ecosystem by improving low-altitude airspace awareness for authorized operations and helping detect unauthorized or malicious drones. The companies said the partnership supports hundreds of DFR operations daily and more deployments are underway.