AeroVironment (NASDAQ:AVAV) shares climbed 7% on Wednesday morning after the defence technology company released presentation materials ahead of its investor day, outlining ambitious financial and operational targets through fiscal 2030.
The company said it is targeting organic revenue growth of between 15% and 20% by fiscal 2030, while aiming to lift adjusted EBITDA margins to between 18% and 20%. That would represent an improvement of 350 to 550 basis points compared with current profitability levels.
For fiscal 2027, AeroVironment forecast revenue of $2.125 billion to $2.225 billion. At the midpoint, the guidance implies annual growth of approximately 10% from fiscal 2026 revenue of about $2.0 billion.
The company also expects adjusted EBITDA to range between $305 million and $325 million in fiscal 2027, with the midpoint maintaining an adjusted EBITDA margin of 14.5%.
AeroVironment plans to increase investment in research and development, with R&D spending expected to account for 7% to 9% of revenue in fiscal 2027, up from 6% in fiscal 2026. The company intends to maintain that level of investment through fiscal 2030.
Management said its long-term strategy is to roughly double revenue by the end of the decade through organic expansion supported by product innovation and growth across its addressable markets. The company’s adjusted EBITDA margin for fiscal 2026 was 14.5%.
According to the investor presentation, AeroVironment’s priorities include accelerating innovation, strengthening operational execution and capitalising on opportunities to improve profitability. The company said it remains focused on disciplined growth that delivers sustained margin expansion alongside faster organic revenue growth.