Jim Cramer reportedly advised investors on September 2 to temporarily avoid drone manufacturer AeroVironment (Nasdaq: AVAV), citing intense competition in the defense sector. However, just seven days later, the company announced its biggest earnings beat in years. AeroVironment's Q1 FY2027 adjusted EPS was $0.59, significantly surpassing the consensus estimate of $0.25 by 138%. During the same period, its funded backlog reached a record $1.5 billion, a 37% year-over-year increase. Additionally, the company secured a $464 million LOCUST contract, the U.S. military's first directed energy system production agreement, with a cost of less than $10 per launch.