10-K · March 20, 2026
Aeva presents a technology-led strategy centered on its proprietary FMCW 4D LiDAR-on-chip (measuring range and instant velocity) and is positioning across automotive, industrial automation and smart infrastructure…
Earnings analysis · 10-Q
AEVA earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
Aeva reported a strong performance for the first quarter of 2026, with revenue of $6.26 million representing a significant year-on-year increase of 85%. Although the company reported a net loss of $34.98 million and an…
Read full summary
Aeva reported a strong performance for the first quarter of 2026, with revenue of $6.26 million representing a significant year-on-year increase of 85%. Although the company reported a net loss of $34.98 million and an EPS of -0.41, it exceeded revenue and EPS estimates positively. Operating expenses rose notably, attributed mainly to higher research and development and general administrative costs. Management anticipates continued volatility in revenue as commercialization phases progress over time.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.41
What stood out
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Revenue Rose 85% YoY
Total revenue for Q1 2026 was $6.26 million, up from $3.37 million in Q1 2025.
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EPS Beat Estimates
Reported EPS was -$0.41, bettering consensus estimates by $0.04.
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Professional Services Revenue Surge
Revenue from professional services increased 332% to $3.83 million compared to $0.9 million in Q1 2025.
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Cash Position Remains Strong
Cash and cash equivalents totaled $99.5 million as of March 31, 2026.
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Improved Revenue Guidance
Management expects continued growth as customer projects enter commercialization phases.
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Operating Cash Flow Decreased Significantly
Net cash used in operating activities was $25.85 million, down from $30.79 million in the prior year.
What to watch
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High Operating Loss
Net loss for Q1 2026 was $34.98 million, compared to $34.87 million in Q1 2025.
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Rising Operating Expenses
Total operating expenses increased 20.7% to $37.08 million from $30.73 million, driven by R&D and G&A expenditures.
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Supply Chain Risks
The company is vulnerable to supply chain disruptions affecting LiDAR technology production.
Management's outlook
Management anticipates revenue fluctuations as commercialization phases for products are entered by customers.
Earlier filings 4
10-Q · May 15, 2025
Aeva Technologies reported strong revenue growth in Q1 2025, achieving $3.37 million, a 59.7% increase from $2.11 million in Q1 2024, and surpassing analyst expectations. Despite a narrower loss of $34.87 million versus…
10-Q · August 8, 2024
Aeva reported Q2 2024 revenue of $2,012,000 (up from $743,000 in Q2 2023) with an improving gross loss of $848,000 versus $1,918,000 a year ago, but still posted a large operating loss of $48,913,000 and a net loss of…
10-Q · August 10, 2023
Aeva reported Q2 revenue of $743,000, down 50% year-over-year from $1,493,000, and GAAP net loss per share of $(0.16), roughly flat with the prior year quarter. The company burned cash from operations (net cash used in…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.