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Aeva — Third Quarter 2026 Earnings Summary

  • Revenue surged 86% year-over-year to $6.7 million in Q3 2026, driven by first-time Optical Connectivity segment deliveries and expanded automotive shipments, bringing nine-month revenue to $19.1 million.
  • GAAP operating loss widened to $39.1 million in Q3 2026 from $33.2 million in the prior year period, while non-GAAP operating loss remained relatively flat at $27.7 million; net cash used in operating activities for the nine months was $87.4 million.
  • Liquidity remains robust at $272.5 million as of September 30, 2026, bolstered by $115.0 million in net proceeds from a public offering during the nine-month period.
  • Strategic milestones include passing VDA audits for top European OEMs, securing multi-thousand sensor orders from Micro-Epsilon, and joint development selections by the US Air Force and Navy for 4D LiDAR applications.
  • Management is scaling manufacturing to meet accelerating demand across automotive and optical communications markets, though risks regarding early-stage status, operating losses, and supply chain execution persist.
Company
AEVA TECHNOLOGIES INC
Sector
Consumer Cyclical
Industry
Auto Parts