Earnings Releases·Nov 5, 2026, 6:30 AM ET

Aspen Aerogels, Inc. — Third Quarter 2026 Earnings Summary

Q3 2026 revenue reached $85.2 million, up 71% quarter-over-quarter and 17% year-over-year, driven by a 96% surge in the Energy Industrial segment, while Adjusted EBITDA rose 215% year-over-year to $19.8 million.
The company reported a GAAP net loss of $10.4 million ($0.13 per share) and an Adjusted net income of $9.3 million ($0.11 per share), with results including $15.1 million in East Providence incident-related costs and a $4.6 million loss on asset disposals.
Q4 2026 guidance forecasts revenue between $60 million and $75 million, net loss between $8 million and $11 million, and Adjusted EBITDA between $5 million and $13 million, excluding $5 million to $10 million in incident-related costs.
Strategic momentum continues with new orders in data center infrastructure and battery energy storage, record European OEM revenue of $8.0 million, and a balance sheet showing $146.5 million in cash and reduced long-term debt of $51.1 million.
Management anticipates sustained growth into 2027 driven by secured project work and European EV ramp-up, with the East Providence facility restoration on track for completion in the first half of 2027.