Aeva Technologies Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 revenue grew 90% year-over-year to $6.3M, driven by strong momentum in automotive, defense, infrastructure, and industrial markets. Multiple commercial wins and expanding deployments position the company for continued growth, supported by $224.5M in liquidity.
Fiscal Year 2025
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Record 2025 revenue doubled year-over-year, driven by major OEM wins, NVIDIA partnership, and expansion into defense and industrial markets. 2026 guidance targets up to 100% revenue growth, four or more new commercial wins, and continued financial discipline.
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Achieved early completion of a major OEM development program, expanded precision sensing offerings, and secured $100M in new funding. Revenue reached $3.6M with improved operating loss, and liquidity now stands at $270M, supporting growth across automotive and industrial markets.
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Record Q2 revenue and improved operating loss reflect strong commercial momentum and disciplined cost management. Liquidity exceeds $200 million with pending LG Innotek investment, supporting aggressive growth targets and major production wins in automotive and manufacturing.
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Record Q1 product revenue and improved operating loss highlight strong momentum in automotive and industrial markets. Strategic partnership with a Fortune 500 firm brings up to $50M investment and expanded manufacturing, while guidance is raised to 80%-100% revenue growth for 2025.
Fiscal Year 2024
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Achieved strong commercial momentum in 2024 with major wins in automotive and industrial markets, driving over 100% revenue growth. 2025 guidance targets 70%-100% revenue growth, reduced operating expenses, and expanded manufacturing capacity, supported by a robust liquidity position.
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Major production wins in both industrial and automotive sectors drove Q3 momentum, with revenue reaching $2.3 million and strong liquidity supporting future growth. Key milestones include a multi-year deal with The Indoor Lab and progress toward Daimler Truck's autonomous truck commercialization.
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Q2 2024 saw milestone achievements, new customer wins, and expansion into security and rail, with $2M revenue and a $32M non-GAAP operating loss. Strong liquidity supports ongoing production and growth, with key decisions from top OEMs expected later this year.