Earnings Releases·Nov 10, 2026, 4:46 PM ET

Hyliion Holdings — Third Quarter 2026 Earnings Summary

Q3 2026 revenue surged to $7.5 million from $0.8 million in the prior-year quarter, while full-year revenue guidance was raised to approximately $18 million from the previous $15 million; year-to-date net loss improved 17% to $36.7 million.
Operating expenses declined 15% to $13.0 million in Q3 and 17% to $42.1 million year-to-date, with net cash spending for the quarter reduced to $11.0 million from $20.6 million in the prior year.
The company anticipates $3 million in Q4 revenue and approximately $8 million in additional military contract awards before year-end, bringing total 2026 military awards to roughly $50 million.
Manufacturing operations are consolidating to Texas to support capacity expansion, with printer purchases expected to resume in 2027, while the company elected to forego equipment financing in 2026.
Hyliion expects to end 2026 with $115 million to $120 million in cash and investments, though a component redesign has revised delivery timing for remaining early adopter units to Q4 2027.