The market sold a raised outlook, then bought part of it back a session later, and the disagreement is about memory prices and counter-drone hardware.
Axon Enterprise (AXON) shares rose 9.3% on Friday, one session after a 14.3% fall on the company’s second-quarter 2026 results. Both days were trading the same set of numbers. Thursday’s tape read the margin squeeze in that report as a warning; Friday’s read it as the price of the growth the company had just guided higher, and the second reading has the better of the argument.
The Same Quarter Sold On Thursday And Bought On Friday
On the top line, the report reads well: revenue up 35% year over year to $904 million, a 10th consecutive quarter of growth…
