| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 6.26 | 85.8% |
| Total Income | 6.26 | 85.8% |
| Expenditure | 41.40 | 22.5% |
| PBT | -34.95 | 0.4% |
| Net Profit | -34.98 | 0.3% |
| OPM | — | |
| NPM | — | |
| EPS | -0.56 | 12.5% |
Aeva Reports Q1 2026 Record Revenue of $6.3 Million, Up 85.3% YoY
07 May 2026 · 7 May, 1:52 am
Summary
Aeva Technologies, Inc. announced record first quarter 2026 revenue of $6.3 million, marking an impressive 85.3% increase year-over-year, driven by growing commercial deployments and successful execution of major development milestones. While the company reported a GAAP operating loss of $35.1 million, an increase from the prior year, GAAP net loss per share improved to $0.56 from $0.64. CEO Soroush Salehian emphasized the company's focus on delivering existing programs and scaling manufacturing to meet the increasing demand for Aeva’s unique technology, indicating a positive outlook for continued commercial momentum and growth across various applications.
Key Highlights
- 1
Aeva Technologies achieved a new record quarterly revenue of $6.3 million in Q1 2026, representing an 85.3% increase compared to $3.4 million in Q1 2025.
- 2
The company reported a GAAP operating loss of $35.1 million for Q1 2026, an increase from the $30.4 million GAAP operating loss in Q1 2025.
- 3
Non-GAAP operating loss slightly improved to $25.8 million in Q1 2026, compared to $25.9 million in the first quarter of the previous year.
- 4
GAAP net loss per share improved to $0.56 in Q1 2026, down from a net loss per share of $0.64 in Q1 2025.
- 5
Aeva maintained total available liquidity of $224.5 million as of March 31, 2026, which includes $99.5 million in cash, cash equivalents, and marketable securities, plus a $125.0 million available facility.
- 6
Key automotive milestones were achieved, including the delivery of production intent Atlas sensors to Daimler Truck and the first Atlas Ultra sensors to a Top 10 European passenger OEM for vehicle integration.
- 7
The company expanded its commercial deployments by introducing CityOS, an AI-powered traffic management solution, and through Nikon's launch of its APDIS MV5X laser radar system powered by Aeva’s Eve high-precision technology.
Management Comments
Soroush Salehian
Following record revenue in the previous quarter, Aeva in Q1 achieved another new record quarterly revenue, driven by increasing commercial deployments of our perception platform and successful execution of major development milestones for top automotive OEM production programs. We also continued to advance on additional programs across automotive and other physical AI applications. With a growing list of opportunities, we are keenly focused on delivering on existing programs and scaling manufacturing to meeting more of the growing demand for Aeva’s unique technology.
Informational and educational content only. Not investment advice.