Shares of AeroVironment (NASDAQ: AVAV) are falling on Wednesday. The company's stock had lost 4.4% as of 2:05 p.m. ET but was down as much as 22.4% earlier in the day. The drop comes as the S&P 500 gained 0.

AeroVironment’s ( NASDAQ: AVAV) shares fell 15% in extended trading Tuesday after the maker of military drones and autonomous equipment reported disappointing quarterly results. If the loss extends into Wednesday’s trading session, it will mark a 15-month low.

AeroVironment (AVAV) and CrowdStrike (CRWD) are both plummeting after their earnings reports, which included disappointing guidance

Key Takeaways AeroVironment reported weaker-than-expected results as military weapons sales to Ukraine fell and the drone maker was negatively impacted by January's Southern California wildfires.The company posted a third-quarter fiscal 2025 loss,