Axon Pays $1.2B for 37% Skydio Stake, Trims 2026 Outlook
Scottsdale – November 05, 2026 -- Axon has made the largest single investment in its history, putting $1.2 billion into drone maker Skydio and raising its fully diluted ownership to 37%. The company also became Skydio's exclusive public safety distributor in the U.S. and Canada, and reported third-quarter Software & Services revenue up 43% year over year to $437 million.
Skydio deal extends Axon's reach into Drone as First Responder
Skydio expects about $1 billion of bookings this fiscal year. Axon says deployed Skydio docks through Axon Air have more than doubled year over year.
Axon acts as a direct channel partner, and revenue is recognized on a net basis in Software & Services. Axon plans to combine Skydio with Axon 911, Axon Fusus, digital evidence and Dedrone airspace security into one integrated platform. Skydio remains free to pursue aerial robotics across other industries.