Axon Enterprise, Inc.AXON is expanding its footprint in the public safety technology space, with the Connected Devices segment playing an important role in overall growth. In the second quarter of 2026, the segment's revenues surged 34.6% year over year, reflecting strong momentum across its product lines.

The ongoing demand for TASER devices is the core component of the segment's success. AXON continues to benefit from the rising popularity of its next-generation TASER 10 products. Revenues from TASER devices increased 20.9% year over year in the second quarter, driven by the higher volume of TASER 10 handles and cartridges. Quarterly TASER volume reached a record, while cumulative TASER 10 bookings now exceed lifetime TASER 7 bookings.

Solid demand for virtual reality training services and counter-drone equipment continues to support the segment's growth. Platform Solutions revenues jumped 122.6% year over year to $149.8 million in the second quarter, primarily driven by higher counter-drone equipment volume, with Dedrone surpassing $100 million in quarterly revenues. Axon Body 4 adoption also added momentum, with Personal Sensors revenues increasing 2.8% year over year, supported by higher warranty revenues. Management expects body-camera shipments to rise 20-30% sequentially in the third quarter, reflecting renewals, expansions and customer winbacks.

With rising global security concerns, including increasing instances of terrorism and criminal activities, demand for advanced public safety technologies is expected to remain strong. International bookings roughly tripled year over year in the second quarter, while Axon secured large TASER 10 awards in the Middle East and Europe. These trends are likely to support the ongoing demand for AXON's Connected Devices portfolio, positioning the segment well for sustained momentum in the quarters ahead.

Segment Performance of AXON's Peers

Teledyne Technologies Incorporated's TDY Digital Imaging segment's second quarter of 2026 revenues increased 12.7% year over year to $868.7 million. The jump was due to higher sales of infrared imaging detectors, components and subsystems for defense and commercial applications. Teledyne generated 52.3% of its total revenues from this segment in the year.

Woodward, Inc.'s WWD Industrial business segment reported net sales of $401 million in the third quarter of fiscal 2026, up 26% year over year. Woodward generated 36.1% of its total sales from this segment in the quarter. The increase in revenues for Woodward's segment is primarily attributable to strong marine demand and an increase in China on-highway sales.