AXON · PEAD → 20

Axon Enterprise reported Q2 2026 EPS of $0.57 on 2026-08-05, beating the $0.30 consensus by $0.27 (+90.0%).

Print-day reaction was a muted +0.4% versus the prior close, a surprisingly modest move given the magnitude of the EPS beat. The overnight gap to T+1 open was a sharp -3.3%, erasing the initial gain and signalling meaningful after-hours selling pressure. Over the following two trading days the price drifted +14.1%, a forceful recovery that more than offset the overnight fade. Despite that intraday rebound, cumulative abnormal return of -2.0% versus SPY.US falls within the neutral band, yielding a PEAD none verdict; the holding window closes 2026-11-02.