Aeva Technologies, Inc.

Aeva Technologies reported a significant narrowing of its net loss for the second quarter of 2026 to $79.6 million, compared to $192.7 million in the prior year. Revenue for the quarter increased by 11.3% to $6.1 million, and the company achieved a positive gross profit of $2.2 million. The company also completed a public offering in June 2026, raising net proceeds of $108.8 million, which contributed to an increase in total stockholders' equity. Management believes existing liquidity is sufficient for at least the next 12 months, despite continued operating losses and a high accumulated deficit.

Aeva Technologies announced that CFO Saurabh Sinha will resign effective September 5, 2026, to pursue another opportunity. Rupesh Maheshwari, VP Corporate Controller, will serve as interim CFO. The company also reported Q2 2026 financial results, with revenue increasing to $6.1 million from $5.5 million in Q2 2025. Key business highlights include the launch of an Optical Connectivity business with a first customer agreement and expansion in automotive with Bendix.

Aeva Technologies, Inc. announced the pricing of its follow-on public offering of 4,494,382 shares of common stock at $22.25 per share. The company expects to receive approximately $94.4 million in net proceeds, with an option for underwriters to purchase additional shares. These proceeds will be used for general corporate purposes, supporting growth in AI infrastructure and Co-Packaged Optics. The offering is slated to close on June 5, 2026.

Aeva Technologies' Compensation Committee approved cash bonuses for its named executive officers for their 2025 service on May 29, 2026. CEO Soroush Salehian Dardashti and President & CTO Mina Rezk each received the maximum target bonus amount payable under their employment agreements. CFO Saurabh Sinha was approved for his target bonus amount. This 8-K filing was made because the bonus amounts were not finalized at the time of the company's definitive proxy statement.

Aeva Technologies reported a significant increase in total revenues for Q1 2026, reaching $6.26 million, an 86% increase year-over-year, primarily driven by professional service revenue. Despite this growth, the company's net loss slightly widened to $35.0 million, though net loss per share improved. The company's total stockholders' equity shifted to a deficit of $12.4 million, and cash and cash equivalents decreased to $31.2 million. Aeva highlighted its Standby Equity Purchase Agreement with Sylebra, providing access to up to $125 million in funding, with all conditions met as of March 31, 2026.

Aeva Technologies reported record Q1 2026 revenue of $6.3 million, an 85% increase year-over-year, and improved its GAAP net loss per share to $(0.56) from $(0.64) in Q1 2025. The company highlighted significant commercial momentum, including delivering production-intent Atlas sensors to Daimler Truck, integrating Atlas Ultra with a top European passenger OEM, and expanding deployments in defense, intelligent traffic systems with CityOS, and factory automation with Nikon.

Aeva Technologies, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on Thursday, June 18, 2026, at 10:00 a.m. Pacific Time. Stockholders of record as of April 24, 2026, are invited to attend, vote, and submit questions online. The agenda includes the election of two Class II directors, Hrach Simonian and Stephen Zadesky, and the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for the year ending December 31, 2026.