NEW YORK, March 5, 2026 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of AeroVironment, Inc. (“AeroVironment” or the “Company”) (NASDAQ: AVAV). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether AeroVironment and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On December 9, 2025, AeroVironment reported its financial results for the second quarter of its 2026 fiscal year. Among other items, the Company reported earnings per share of only $0.44, falling well short of the consensus estimate of $0.80. Gross margins fell to 20.9% from 43% in the prior-year quarter, as cost of goods sold surged to 79% of revenue. AeroVironment reported a loss of $67.4 million for the quarter, compared to a $21.2 million profit for the same period in the prior year.
On this news, AeroVironment’s stock price fell $36.17 per share, or 12.85%, to close at $245.25 per share on December 10, 2025.
Then, on March 2, 2026, Raymond James cut its rating on AeroVironment from Strong Buy to Underperform, citing uncertainty around the U.S. Space Force’s Satellite Communications Augmentation Resource (“SCAR”) program, which had been AeroVironment’s largest contract at roughly $1.4 billion in expected value. Work on the SCAR program is now under review and may be split among new vendors or paused entirely, putting that revenue at risk.
On this news, AeroVironment’s stock price fell $43.93 per share, or 17.42%, to close at $208.32 per share on March 2, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
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SOURCE Pomerantz LLP
