# Axon invests $1.2 billion more in drone maker Skydio, lowers annual revenue growth forecast

- URL: https://talkfuse.com/story/axon-invests-1-2-billion-more-in-drone-maker-skydio-lowers-annual-revenue-growth-forecast/
- Published: 2026-11-05T22:11:14+00:00
- Updated: 2026-11-05T23:41:51+00:00
- Original publisher: CNA (publisher lean: Centre)
- Original article: https://www.channelnewsasia.com/business/axon-invests-12-billion-more-in-drone-maker-skydio-lowers-annual-revenue-growth-forecast-6529151
- Topics: World

## Key points

- Axon plans to invest another $1.2 billion in Skydio.
- Axon will become Skydio’s exclusive US and Canadian distributor.
- Axon cut its 2026 revenue growth forecast to about 30 per cent.

## Summary

Axon Enterprise will invest a further $1.2 billion in drone maker Skydio and become its exclusive distributor in the US and Canada. The move reflects rising demand for drones among police, emergency services and government agencies, while Axon’s weaker results and reduced growth outlook weighed on its shares.

The investment will raise Axon’s stake in Skydio to about 37 per cent, valuing Skydio at $5.2 billion before the deal. Axon reported adjusted third-quarter earnings of $1.72 a share, below analysts’ $1.88 estimate, and lowered its 2026 revenue growth forecast to about 30 per cent, citing the removal of three federal Dedrone deployments worth around $130 million. The transactions, a mix of cash and shares, are expected to close in late 2026 and early 2027.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.