U.S. Movers: AeroVironment, Oracle Corp.

Scott Peters
11 Mar, 2026
New York City

AeroVironment, Inc. dropped 11% to $198.20 after the company reported its financial results. 

Revenue in the fiscal third quarter ending in January soared to $408 million from $167.6 million; net loss expanded to $156.6 million from $1.8 million; and diluted loss per share jumped to $3.15 from 6 cents a year ago. 

The drone maker booked $2.1 billion of new orders in the quarter, increasing its funded backlog to $1.1 billion and driving its book-to-bill ratio to 1.6 for the first nine months of the fiscal year. 

The current quarter was negatively impacted by goodwill impairment charges of $151.3 million, or $2.95 per diluted share, and $43.9 million, or $0.70 per diluted share, of intangible amortization and other related non-cash purchase accounting expenses as compared to $4.8 million, or $0.13 per diluted share, in the third quarter of fiscal 2025, the company noted in an announcement to investors. 

Oracle Corp. jumped 9.5% to $163.69, and the cloud infrastructure company reported better-than-expected fiscal third-quarter results. 

Total revenue in the quarter ending in February increased 22% to $17.2 billion, net income advanced to $3.7 billion from $2.9 billion, and diluted earnings per share rose to $1.27 from $1.02 a year ago. 

Cloud segment revenue rose 44% to $8.9 billion, and cloud infrastructure revenue soared 84% to $4.9 billion from a year ago, respectively. 

"Remaining Performance Obligations, or RPO, ended the quarter at $553 billion, up 325% from last year and up $29 billion from last quarter. 

Most of the increase in RPO in Q3 related to large-scale AI contracts where Oracle does not expect to have to raise any incremental funds to support these contracts, as most of the equipment needed is either funded upfront via customer prepayments so Oracle can purchase the GPUs or the customer buys the GPUs and supplies them to Oracle," the company noted in a statement released to investors. 

The company estimated fiscal fourth quarter revenue to rise between 18% and 20% and fiscal 2026 revenue of $67 billion and capital expenditures of $50 billion, unchanged from the previous guidance.