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Applied Energetics (AERG) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 13, 2026

Applied Energetics (AERG) reported revenue of $62K for the second quarter 2026 (Q2 2026), -12% from a year earlier.

Revenue$62K
Year over year-12%
Quarter over quarter—
Operating margin—
Net earnings−$4.3M

Applied Energetics, Q2 2026: revenue $62K (-12% year over year), net loss $4.3M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$62K—-12%
Operating profit−$4.3M——
Net earnings−$4.3M——
Operating cash flow−$2.8M——

What changed

Revenue was $62K in Q2 2026, down 12% year over year.

Gross margin was 65.2%, up 32.7 points from Q2 2025. Operating costs exceeded revenue by $4.3M, an operating margin of -6934.9%. Operating expenses grew 14% against a revenue fall of 12%. The fastest-growing cost line was Research & development (+108%). The quarter ended with a net loss of $4.3M.

Operating cash flow was −$2.8M. Non-cash charges added back $87K of depreciation and amortization and $1.3M of share-based compensation. Capital expenditures of $37K exceeded it, leaving free cash flow of −$2.9M.

Questions

What was Applied Energetics' revenue in the second quarter 2026?

Applied Energetics (AERG) reported revenue of $62K for the second quarter 2026 (Q2 2026), -12% from a year earlier.

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Source: Applied Energetics 10-Q on SEC EDGAR.