AXON · PEAD ↓ 100

Axon Enterprise reported Q3 2026 EPS of $0.29 on 2026-11-05 (after market close), missing the $0.44 consensus by $0.15 (-34.1%).

Print-day reaction was -9.8% from the prior close, a sharp immediate re-pricing on the EPS miss. The overnight gap to the T+1 open compounded the damage, with AXON falling an additional -11.9%, signalling no stabilisation after hours. Over the following two trading sessions, price drifted a further -3.3%, extending the selloff with no meaningful recovery. Cumulative abnormal return of -26.5% versus SPY.US constitutes a maximum-conviction PEAD short signal; per the documented drift pattern, the read is held through 2027-02-02.