AEVA Nasdaq Earnings call
Aeva Technologies, Inc. (AEVA) · Q2 2026 results
Share price: $12.84 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 5 Aug 2026 and 6 May 2026
Net loss widened on the previous quarter. Management sounded upbeat, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
Loss widened
Net income vs Q1 2026
Net income -79.6M vs -35.0M
Revenue −2.0%
Net income -79.6M vs -192.7M in Q2 2025 and -35.0M last quarter.
2 · How management spoke
Upbeat
More upbeat than 67% of company calls
Answers to analysts: restrained, in line with the script.
Similar to last call.
3 · What stood out
Key theme
AEVA entered a new market beyond sensing applications and reported higher NRE than the previous year while achieving stronger revenue through…
Valuation
Reverse DCF. Free cash flow from the last full fiscal year, grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
Valuation unavailable: free cash flow and profit were negative in the last full year and on average over the last three, so there is nothing to discount.
Current price
$12.84
close of 2026-11-11
Revenue growth, 3 years
+62.8% a year
compound annual rate (CAGR)
Free cash flow 2023
−$0.1B
Free cash flow 2024
−$0.1B
Free cash flow 2025
−$0.1B
Read between the lines
-
Figure
AEVA posted a record $6.3 million in Q1 revenue, up around 90%.
Source quote
“This includes achieving a new record revenue quarter of $6.3 million in Q1, which represents an increase of around 90%...”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“Achieve milestones on existing programs while adding new wins, scaling manufacturing to support increasing demand, and maintaining financial discipline as we grow.”
“I am very proud of what we have built as a team and I look forward to following the growing momentum and continued success of the company.”
“Reflecting our commercial momentum, we achieved another strong revenue quarter with continued strong sensor shipments and NRE higher than the previous year.”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 6.1M | 6.3M | −2.0% | 5.5M | +11.3% |
| Gross profit | 2.2M | 1.9M | +12.8% | -2.7M | Turned profit |
| Operating income | -34.6M | -35.1M | Loss narrowed | -34.9M | Loss narrowed |
| Net income | -79.6M | -35.0M | Loss widened | -192.7M | Loss narrowed |
| EPS | -1.23 | -0.56 | Loss widened | -3.49 | Loss narrowed |
| P/E | 12-mo loss | 12-mo loss | — | 12-mo loss | — |
Topics
Most discussed now
- Aeva Technologies is working on ramping across its supply chain from its CM partners to foundries and component suppliers to support...
- Driven by continued strong product shipments and contribution from NRE as Aeva Technologies delivered sensors, and achieved milestones with…
- As Aeva Technologies continues to expand, it remains laser focused on the objectives it set out at the beginning of this...
- Achieve milestones on existing programs while adding new wins, scaling manufacturing to support increasing demand, and maintaining…
Faded since Q1 2026
- Fading Outside of automotive, Aeva Technologies is growing in defense across multiple fronts, including expansion with Forterra to use Aeva's…
- Fading Aeva Technologies continues to believe that its performance and liquidity position differentiates us from peers and together with its…
- Fading Gross cash use, which Aeva Technologies defines as operating cash flow less CapEx, was $28.1 million in the quarter.
- Fading Key focus right now is enabling the OEM
Latest announcements
Official filings, newest first.
- Results of operations; Director or officer change · SEC 8-K
- Shareholder vote results · SEC 8-K
- Material agreement; Other events · SEC 8-K
- Director or officer change · SEC 8-K
- Results of operations · SEC 8-K
- Results of operations · SEC 8-K
- Regulation FD disclosure; Other events · SEC 8-K
- Material agreement; New financial obligation; Unregistered share sale · SEC 8-K