AeroVironment restates Q3 FY2026 for $89.4M goodwill impairment error, discloses control weakness

Filed June 22, 2026 · Period ending June 16, 2026 · ~1 min read

Key Changes

• high

  Company restates Q3 FY2026 financials to record additional $89.4M goodwill impairment on Space unit, increasing net loss by $87.3M ($1.75/share) due to calculation error that omitted deferred tax-related goodwill from carrying value analysis.

  Item 4.02 — Non-Reliance on Previously Issued Financial Statements verify on EDGAR →
• high

  Management identifies material weakness in internal controls over goodwill impairment analysis preparation and review; disclosure controls as of Jan 31, 2026 deemed ineffective and prior evaluation should not be relied upon.

  Item 4.02 — Non-Reliance on Previously Issued Financial Statements verify on EDGAR →
• medium

  Additional impairment stems from same SCAR program termination previously disclosed; no new triggering events or changes to Space unit's long-term cash flow estimates. Non-GAAP metrics (Adjusted EBITDA, non-GAAP EPS) unchanged.

  Item 4.02 — Non-Reliance on Previously Issued Financial Statements verify on EDGAR →