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Aeva reports Q3 2026 results; no updated FY 2026 revenue outlook disclosed

The beat/miss/in-line assessment is not applicable because Q3 2026 actual revenue is not comparable with the prior FY 2026 revenue guidance range of $30-$36 million, with a $33 million midpoint; no updated FY 2026 outlook was disclosed, so no raise or cut can be stated. Q3 revenue was $6.669 million, up 86.3% from $3.579 million, while GAAP operating loss was $39.113 million and GAAP net income was $4.447 million. Total available liquidity was $272.5 million at September 30, 2026, and the company reported first...

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Key takeaways

  • Revenue: Q3 revenue was $6.669 million, up 86.3% year over year, while nine-month revenue was $19.067 million, up 53.1%.

  • Profit: Q3 GAAP operating loss was $39.113 million and non-GAAP operating loss was $27.705 million; GAAP net income was $4.447 million.

  • Guidance: No updated FY 2026 or next-quarter financial guidance was disclosed, so no raise, cut, or maintained determination can be made for the prior $30-$36 million FY 2026 revenue range.

  • Liquidity: Total available liquidity was $272.5 million as of September 30, 2026, including $147.5 million in cash, cash equivalents and marketable securities and a $125.0 million available facility.

  • Optical connectivity: Aeva reported first revenue from UHP chipset deliveries to its JDA customer and commercial negotiations with a second optical customer.

  • Defense: The U.S. Air Force and U.S. Navy selected Aeva for joint development of 4D LiDAR capabilities for airborne autonomy applications.

  • Factory automation: A multi-year supply agreement with Micro-Epsilon includes an initial multi-thousand sensor order.

Key metrics

Total revenueQ3 2026
$6.669 million86.3% increase
Total revenueNine months ended September 30, 2026
$19.067 million53.1% increase
Product revenueQ3 2026
$3.503 million106.5% increase
Professional service revenueQ3 2026
$3.166 million68.1% increase
Gross profitQ3 2026
$2.241 millionIncreased by $1.811 million from $0.430 million
Gross margin (calculated)Q3 2026
33.6%21.6 percentage points above 12.0% in Q3 2025
GAAP operating lossQ3 2026
($39.113 million)Loss increased by $5.952 million from $33.161 million
GAAP operating margin (calculated)Q3 2026
-586.5%Less negative than -926.5% in Q3 2025

Primary source

TickerStar generated this brief from an official company, investor-relations, earnings-call, or regulatory source. Review the primary material before making an investment decision.

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