Quarterly ResultAug 6, 2026, 06:32 AM
Aspen Aerogels Q3 Outlook $65-80M Revenue; Wins JLR PyroThin® Award
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 announced a significant PyroThin® award from Jaguar Land Rover for two next-generation vehicle architectures and provided a strong Q3 2026 outlook, projecting revenue between $65 million and $80 million and Adjusted EBITDA between $7 million and $15 million. The European Thermal Barrier 2026 revenue outlook was also raised to $20 million to $30 million, indicating positive momentum for future growth.
Key Highlights
- Q3 2026 revenue expected to range from $65 million to $80 million.
- Q3 2026 Adjusted EBITDA expected to range from $7 million to $15 million.
- Secured PyroThin® award from Jaguar Land Rover for two next-generation vehicle architectures.
- Q2 2026 Thermal Barrier revenue was $29.5 million, an 81% increase quarter-over-quarter.
- Q2 2026 total revenue was $49.8 million, compared to $78.0 million in the prior year period.
- Q2 2026 net loss was $23.3 million, compared to $9.1 million in the prior year period.
- European Thermal Barrier 2026 revenue outlook raised to $20 million to $30 million.
- Ended Q2 2026 with cash, cash equivalents, and restricted cash of $153.4 million.
Price Impact
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