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Aeva Technologies (AEVA) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Aeva Technologies (AEVA) Q3 2026 earnings results →

Q3 2026 Revenue up 86% year over year to $6.7M · 67¢ of every $1 of revenue kept as net profit · operating margin -586.5%

Aeva Technologies made $6.7M in Q3 2026 (+86% Y/Y): Product $3.5M, Professional Service $3.2M. Operating margin -586.5%, net earnings $4.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$6.7M
Year over year+86%
Operating margin-586.5%
Net earnings$4.4M
Operating cash flow−$30.4M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $6.7M in Q3 2026, up 86% year over year and up 9% from the previous quarter. Product was the largest line at 53% of revenue. Product added $1.8M year over year (up 107%), 58% of the total change.

Gross margin was 33.6%, up 21.6 points from Q3 2025. Operating costs exceeded revenue by $39.1M, an operating margin of -586.5%. Operating expenses grew 23% against revenue growth of 86%. The fastest-growing cost line was Research & development (+30%). Net earnings were $4.4M, down 96% year over year. The effective tax rate was 2.0%. Non-operating items added $43.6M, 962% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$30.4M. Non-cash charges added back $1.4M of depreciation and amortization and $11.4M of share-based compensation. Working capital and other items used $47.6M. Capital expenditures of $232K exceeded it, leaving free cash flow of −$30.6M.

Quarterly history

Aeva Technologies revenue by quarterAeva Technologies revenue by quarter$3.4MQ1 2025$5.5MQ2 2025$3.6MQ3 2025$5.6MQ4 2025$6.3MQ1 2026$6.1MQ2 2026$6.7MQ3 2026
Aeva Technologies net earnings by quarterAeva Technologies net earnings by quarter−$34.9MQ1 2025−$193MQ2 2025$107MQ3 2025−$25.3MQ4 2025−$35.0MQ1 2026−$79.6MQ2 2026$4.4MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 6, 2026$6.7M+86%-586.5%$4.4M−$30.4M
Q2 202610-QAug 6, 2026$6.1M+11%-563.2%−$79.6M−$31.2M
Q1 202610-QMay 8, 2026$6.3M+86%-561.1%−$35.0M−$25.8M
Q4 202510-KMar 20, 2026$5.6M+108%-517.6%−$25.3M−$22.1M
Q3 202510-QNov 7, 2025$3.6M+59%-926.5%$107M−$32.3M
Q2 202510-QAug 6, 2025$5.5M+174%-633.7%−$193M−$29.8M
Q1 202510-QMay 15, 2025$3.4M+60%-903.1%−$34.9M−$30.8M

Charts

Aeva Technologies: revenue growth, year over year and quarter over quarterAeva Technologies: revenue growth, year over year and quarter over quarterY/YQ/Q+60%Q1 2025+174%+64%Q2 2025+59%-35%Q3 2025+108%+57%Q4 2025+86%+11%Q1 2026+11%-2%Q2 2026+86%+9%Q3 2026
Latest (Q3 2026): Y/Y +86%, Q/Q +9%.
Aeva Technologies: where the cash came from (+) and went (−), TTM to Q3 2026Aeva Technologies: where the cash came from (+) and went (−), TTM to Q3 2026Other financing$211MOther investing−$122MOperating cash flow−$110MCash drawn (+) / kept (−)$25.6MCapital spending−$4.2MShares issued$50K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Aeva Technologies: profit against cash, quarter by quarterAeva Technologies: profit against cash, quarter by quarterNet incomeOperating cash flow−$36.1M−$20.9MQ4 2024−$34.9M−$30.8MQ1 2025−$193M−$29.8MQ2 2025$107M−$32.3MQ3 2025−$25.3M−$22.1MQ4 2025−$35.0M−$25.8MQ1 2026−$79.6M−$31.2MQ2 2026$4.4M−$30.4MQ3 2026
Latest (Q3 2026): Net income $4.4M, Operating cash flow −$30.4M.
Aeva Technologies: diluted shares by fiscal yearAeva Technologies: diluted shares by fiscal year142MFY2020201MFY202143MFY202245MFY202353MFY202457MFY2025
-59.8% since FY2020: buybacks shrank the count.
Aeva Technologies in its industry: growth against margin (35 companies, SIC 3714)Aeva Technologies in its industry: growth against margin (35 companies, SIC 3714)revenue growth, year over year →↑ operating marginmedian +2%median 4%LEAADNTBWAAPTVDCHALVVGNTDANALSNMODLCIIPATKVCGTXPHINCPSGNTXDORMATMUSMPTHRMPlatinum SpinCo, Inc.CVGIMPAASRISTRTHLLYWKSPXOSAZIOLIDROMTKECXJATVKAEVA (+86%, -100%)
Motor Vehicle Parts & Accessories; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Aeva Technologies

Aeva’s mission is to bring the next wave of perception to a broad range of applications from automated driving, manufacturing automation and smart infrastructure, to robotics and consumer devices. Aeva is accelerating autonomy with its groundbreaking perception platform that integrates lidar-on-chip technology, system-on-chip processing, and perception algorithms onto silicon leveraging silicon photonics. Aeva 4D LiDAR sensors uniquely detect velocity and position simultaneously, allowing automated devices like vehicles and robots to make more intelligent and safe decisions. For more information, visit www.aeva.com , or connect with us on X or LinkedIn .

In its own words, from its 8-K, filed Aug 5, 2026.

Aeva Technologies against its Motor Vehicle Parts & Accessories peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +86% against the peers' median +2%. Operating margin: -586.5% against the peers' median 4.5%.

CompanyQuarterRevenueY/YOp. margin
AEVA Aeva TechnologiesQ3 2026$6.7M+86%-586.5%
LEA LearQ3 2026$5.8B+2%3.4%
ADNT AdientQ4 FY26$3.7B+1%-0.1%
BWA BorgwarnerQ3 2026$3.5B-3%8.7%
APTV AptivQ3 2026$3.2B+2%8.8%
DCH DauchQ3 2026$2.9B+93%2.5%
ALV AutolivQ3 2026$2.7B-0.5%9.4%
VGNT VersigentQ3 2026$2.5B+7%7.6%
DAN DanaQ3 2026$2.0B+6%4.5%

Source: Aeva Technologies 10-Q on SEC EDGAR · CIK 1789029 · Motor Vehicle Parts & Accessories

Guidance and outlook

Aeva Technologies: what its forward-looking statements are about (10-Q filed 2026-11-06)Aeva Technologies: what its forward-looking statements are about (10-Q filed 2026-11-06)Other7Demand6Margins2The economy1
16 statements; tone -0.12 (−1 all cautious, +1 all confident); 6 hedged.
Aeva Technologies: outlook statements against the filing beforeAeva Technologies: outlook statements against the filing beforeConfident3Cautious5

13F: who owns AEVA and who is buying

Largest holders of AEVA (13F)Largest holders of AEVA (13F)Sylebra Capital LLC$466MBlackRock$68.8MCanaan Partners XI LLC$50.5MThink Investments LP$47.4MVanguard Capital Management LLC$44.7MWasserstein Debt Opportunities Ma…$43.4MMarshall Wace, LLP$41.9MState Street$33.1MMorgan Stanley$29.3MVanguard Group$24.5M
Funds' net buying of AEVA by quarter (13F)Funds' net buying of AEVA by quarter (13F)$12.4M2024-09$5.0M2024-12$31.7M2025-03$198M2025-06$95.1M2025-09$25.1M2025-12−$3.3M2026-03$52.9M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on AEVA

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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