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# AeroVironment Stock Plunges 8%, Wiping Out $497 Million, Near Its 52-Week Low
- URL: https://www.bullished.co/aerovironment-stock-plunges-8-wiping-out-497-million-near-its-52-week-low-a10d20ce/
- Published: 2026-11-04T18:37:23.000Z
- Updated: 2026-11-04T18:37:23.000Z
- Description: The defense-tech stock is down roughly half this year and sits about 72% below its 52-week high.
- Author: Matteo Parrino
- Tags: Markets, AVAV, Industry: Industrials

[AeroVironment](https://www.bullished.co/tag/avav/) shares [fell 7.91% to $113.76](https://sg.finance.yahoo.com/news/aerovironment-investors-missed-52-fall-101445135.html?ref=bullished.co) in Wednesday trading as of 1:36 p.m. ET, erasing $497 million in market value and landing within 1% of the stock's 52-week low. The drop came the same day the company disclosed a credit agreement amendment that added BMO as a lender.

## A new lender joins the credit line

AeroVironment, which makes uncrewed aircraft, loitering munitions (drones that strike targets), counter-drone systems and other defense technology, disclosed in an [8-K filing](https://www.sec.gov/Archives/edgar/data/0001368622/000110465926122416/tm2628954d1%5F8k.htm?ref=bullished.co) a Sixth Amendment to its credit agreement. It was signed October 30 with Bank of America and other lenders, with BMO joining as a new lender.

That followed a Fifth Amendment to the same agreement, signed with the existing lenders on October 9, according to the filing.

The stock was on pace for its biggest one-day drop since July 29, when it fell 9.1%. Its market value stood at $5.8 billion.

## Down about 49% this year

As of Tuesday's close, the shares were down about 49% year to date, while the S&P 500 was up about 11%. The stock had slid 12% over the prior month and sits about 72% below its 52-week high.

The slide has come despite a first quarter in which AeroVironment [reported record revenue](https://www.sec.gov/Archives/edgar/data/0001368622/000110465926106304/avav-20260909xex99d1.htm?ref=bullished.co) of $480.5 million, up 6% from $454.7 million a year earlier. Its net loss narrowed to $5.1 million, or $0.10 a share, from $67.4 million, or $1.44 a share.

Funded backlog hit a [record $1.5 billion](https://www.sec.gov/Archives/edgar/data/0001368622/000110465926106304/avav-20260909xex99d1.htm?ref=bullished.co), up 37% from a year earlier, and bookings were $0.7 billion. The company kept its full-year revenue outlook at $2.125 billion to $2.225 billion.

## Defense customers drive the business

The company sells mostly to the US Department of Defense. In the fiscal year ended April 30, 2026, about 25% of revenue came from the US Army, and foreign customers accounted for 28% of sales.

AeroVironment is scheduled to report quarterly results on Monday, December 7.

### Sources

- [What AeroVironment Investors Missed Before A 52% Fall](https://sg.finance.yahoo.com/news/aerovironment-investors-missed-52-fall-101445135.html?ref=bullished.co) — Yahoo Finance
- [AeroVironment (AVAV) Stock Fair Value Edges Lower As Analysts Reassess Defense Funding Risks](https://uk.finance.yahoo.com/news/aerovironment-avav-stock-fair-value-161157453.html?ref=bullished.co) — Yahoo Finance
- [AeroVironment (AVAV) Stock May Be Expensive On Its 66% Slump](https://sg.finance.yahoo.com/news/aerovironment-avav-stock-may-expensive-151545000.html?ref=bullished.co) — Yahoo Finance
- [AeroVironment (AVAV) Sees a More Significant Dip Than Broader Market: Some Facts to Know](https://finance.yahoo.com/markets/stocks/articles/aerovironment-avav-sees-more-significant-221502591.html?.tsrc=rss&ref=bullished.co) — Yahoo Finance
- [The Zacks Analyst Blog Highlights Kratos Defense & Security Solutions, Heico, Curtiss-Wright and AeroVironment](https://finance.yahoo.com/markets/stocks/articles/zacks-analyst-blog-highlights-kratos-070800986.html?.tsrc=rss&ref=bullished.co) — Yahoo Finance
- [AVAV 8-K: On October 30, 2026, AeroVironment, Inc. (the Company ), as borrower, and certain subsidiaries of the Company as guarantors thereto (the Guarantors ), Bank of America, N.A., as administrative agent…](https://www.sec.gov/Archives/edgar/data/0001368622/000110465926122416/tm2628954d1%5F8k.htm?ref=bullished.co) — SEC 8-K Filing
- [AeroVironment — earnings release (Form 8-K, Item 2.02), filed 2026-09-09](https://www.sec.gov/Archives/edgar/data/0001368622/000110465926106304/avav-20260909xex99d1.htm?ref=bullished.co) — SEC EDGAR

### More on AeroVironment

- [AeroVironment Lifts Its Revolving Credit Line To $450 Million, Adding BMO As A Lender](https://www.bullished.co/aerovironment-lifts-its-revolving-credit-line-to-450-million-adding-bmo-as-a-lender-845c0603/)

[All AeroVironment (AVAV) coverage →](https://www.bullished.co/tag/avav/)