Quarterly ResultAug 6, 2026, 06:36 AM
Aspen Aerogels Q2 Revenue $49.8M, Net Loss $23.3M; Q3 Outlook Stronger
AI Summary
Aspen Aerogels reported Q2 2026 financial results with total revenue of $49.8 million and a net loss of $23.3 million, impacted by an incident at its East Providence facility and changes in North American EV regulatory frameworks. Despite the Q2 challenges, the company provided a strong Q3 2026 outlook, projecting revenue between $65 million and $80 million and adjusted EBITDA between $7 million and $15 million. Key business highlights include a new PyroThin® award from Jaguar Land Rover and a raised European Thermal Barrier revenue outlook for 2026.
Key Highlights
- Q2 2026 total revenue was $49.8 million, down from $78.0 million in prior year.
- Q2 2026 net loss was $23.3 million, compared to a net loss of $9.1 million YoY.
- Q2 2026 adjusted EBITDA was $(6.6) million, down from $9.7 million in prior year.
- Q3 2026 revenue is expected to range between $65 million and $80 million.
- Q3 2026 adjusted EBITDA is expected to range between $7 million and $15 million.
- Secured PyroThin® award from Jaguar Land Rover for two next-gen EV architectures.
- European Thermal Barrier 2026 revenue outlook raised to $20 million to $30 million.
- Initiated staged restart of East Providence manufacturing facility after April 2026 incident.
Price Impact
More from ASPN