Hyliion Holdings — Third Quarter 2026 Earnings Summary

Hyliion Holdings reported third-quarter 2026 revenue of $7.5 million, a significant increase from $0.8 million in the same period of 2025, driven by accelerated progress on military research and development services. The company delivered an additional KARNO Power Module to the U.S. Navy and initiated equipment movement to its first commercial customer site while raising its full-year 2026 revenue guidance to approximately $18 million. Anticipated military contract awards totaling $8 million before year-end would bring total new military awards for 2026 to roughly $50 million, with $45.5 million in remaining authorized funding under existing contracts. Hyliion ended the quarter with $121.4 million in cash and investments, maintaining a net loss of $11.1 million for the quarter as it consolidates manufacturing operations in Texas and advances additive manufacturing improvements.