PXDAILY PXS
Perception & Sensing

Research snapshot · 7/1/26

AVAVAeroVironment Inc.

Directed energy C-UAS (vehicle-mounted HEL) | Digital CMOS LiDAR

Open AVAV in Robinhood ↗
HOLD
Conviction●●●●○4 of 5
Research target240Snapshot target
Thesis statusSTRENGTHENEDLast reviewed 7/1/26
Market cap8.66BSnapshot value
The thesis

LOCUST directed energy C-UAS + Switchblade loitering munitions — record Q4 FY2026 $641.6M (+133% YoY), $1.2B funded backlog, defense autonomy pure-play 60% below 52w high

Catalysts

Q4 FY2026 earnings beat RESOLVED; LOCUST EHEL program award ($500M+) within 12 months; Switchblade international orders scaling

What breaks it

Anduril/Palantir win C-UAS budget at AVAV's expense; LOCUST DE system reliability issues; DoD cuts small-UAS programs

Social sentiment

X: bullish (3/4 models), one dissent (DeepSeek flagged competition risk from larger primes — rebutted R2 by verified LOCUST X3 delivery evidence)

Snapshot · 7/1/26
Smart money

🟢 Confirmed · ins-$3.0M · 13F 18+/7- · short↓0.28

Snapshot · 7/1/26