AXON · PEAD → 0

Axon Enterprise reported Q1 2026 EPS of $1.61 on 2026-05-12, beating the $1.60 consensus by $0.01 (+0.63%).

Print-day reaction was effectively flat at -0.18% versus the prior close, with the stock unable to sustain the gap-up open despite the narrow EPS beat. The overnight gap into T+1 extended the weakness, dropping another -1.13% to the open, suggesting sellers used the after-hours session to exit. Over days one through three, the stock drifted +4.00% off the T+1 open, partially recovering the post-earnings giveback but failing to reclaim pre-event levels. Cumulative abnormal return of -0.61% versus SPY.US sits within the neutral band; no durable PEAD signal is present — direction is none, conviction 0 — and the read expires 2026-08-07.