| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 6.14 | 1.9% | 11.4% |
| Total Income | 6.14 | 1.9% | 11.4% |
| Expenditure | 40.70 | 1.7% | 0.7% |
| PBT | -79.57 | 127.7% | 58.7% |
| Net Profit | -79.62 | 127.6% | 58.7% |
| OPM | — | ||
| NPM | — | ||
| EPS | -1.23 | 119.6% | 64.8% |
Aeva Reports Q2 2026 Results, Launches Optical Connectivity Business
06 Aug 2026 · 6 Aug, 1:50 am
Summary
Aeva Technologies announced its second quarter 2026 results, highlighting the launch of its Optical Connectivity business with a major customer agreement for AI data centers. The company also advanced its automotive segment with Bendix selecting its 4D LIDAR for commercial vehicle ADAS solutions and saw SICK launch an industrial sensor powered by Aeva's technology. Revenue for the quarter increased to $6.1 million from $5.5 million in the prior year, while the net loss per share improved both on a GAAP and non-GAAP basis.
Key Highlights
- 1
Aeva launched its Optical Connectivity business, signing a joint development agreement with a major customer for a hyperscaler deployment targeted for second-half 2027.
- 2
Commercial vehicle ADAS leader Bendix selected Aeva's 4D LIDAR and perception software for its next-generation ADAS solution.
- 3
SICK launched its first industrial sensor powered by Aeva's Eve Precision Technology and named Aeva its 2026 Supplier of the Year.
- 4
Total available liquidity was $302.9 million as of June 30, 2026, comprising $177.9 million in cash, cash equivalents, and marketable securities, and a $125.0 million available facility.
- 5
Revenue for Q2 2026 was $6.1 million, an increase from $5.5 million in Q2 2025.
- 6
GAAP net loss per share was $1.23 in Q2 2026, compared to $3.49 in Q2 2025.
- 7
Non-GAAP net loss per share was $0.41 in Q2 2026, an improvement from $0.44 in Q2 2025.
Management Comments
Soroush Salehian
With the launch of Optical Connectivity, Aeva is expanding into another new market where we can leverage our proprietary photonics technology developed over the past decade to enable next-generation AI data centers. It demonstrates how Aeva’s differentiated technology continues to open vast opportunities beyond traditional sensing, and we are off to a strong start with a first customer agreement already signed. Beyond this, we continue to make good progress on existing customers programs, securing additional opportunities across multiple markets and scaling manufacturing to meet the growing demand for Aeva’s technology.
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