Axon Enterprise’s stock surged over 18% after the company beat fourth-quarter estimates, reporting $797 million in revenue and adjusted earnings of $2.15 per share. CEO Rick Smith praised the impact of AI on the company, with AI capabilities accounting for $750 million of total bookings last year. Axon expects software business to outpace hardware due to AI growth, with revenue up 39% from a year ago. The company set 2028 targets for $6 billion in annual revenue.

Read more at CNBC: Axon Enterprise (AXON) Q4 2025 earnings