Axon Stock Falls After AI, Drone Wins Fuel Q2 Earnings Beat

Axon Enterprise, the S&P 500 maker of Tasers, body cameras and software for law enforcement, topped Q2 earnings forecasts and raised its outlook as revenue growth accelerated amid surging demand for its AI Era software bundle and drone systems. Axon Enterprise said AI Era revenue, which includes its Draft One offering that saves manpower by writing the first draft of police reports audio uploaded to the cloud from body cameras, saw nearly 700% growth from the year-ago quarter. Revenue from Dedrone counter-drone defense system topped $100 million as the technology was deployed at all 11 World Cup sites.