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Aeva Technologies (AEVA) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Aeva Technologies (AEVA) reported revenue of $6.1M for the second quarter 2026 (Q2 2026), +11% from a year earlier and -2% from the quarter before. Operating margin was -563.2%.
Aeva Technologies, Q2 2026: revenue $6.1M (+11% year over year), operating margin -563.2%, net loss $79.6M, operating cash flow −$31.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.1M | -2% | +11% |
| Operating profit | −$34.6M | — | — |
| Net earnings | −$79.6M | — | — |
| Operating cash flow | −$31.2M | — | — |
What changed
Revenue was $6.1M in Q2 2026, up 11% year over year and down 2% from the previous quarter. Professional Service was the largest line at 59% of revenue. Professional Service added $2.3M year over year (up 174%), 365% of the total change. Product declined 39%.
Gross margin was 35.7%. Operating costs exceeded revenue by $34.6M, an operating margin of -563.2%. The fastest-growing cost line was General & admin (+28%). The quarter ended with a net loss of $79.6M, wider than the previous quarter's $35.0M loss. Net interest and other expense of $45.0M was the main reason.
Operating cash flow was −$31.2M. Non-cash charges added back $1.3M of depreciation and amortization and $8.5M of share-based compensation. Working capital and other items added $38.7M. Capital expenditures of $185K exceeded it, leaving free cash flow of −$31.4M.
Questions
What was Aeva Technologies' revenue in the second quarter 2026?
Aeva Technologies (AEVA) reported revenue of $6.1M for the second quarter 2026 (Q2 2026), +11% from a year earlier and -2% from the quarter before.
Was Aeva Technologies profitable in the second quarter 2026?
Operating loss was $34.6M (-563.2% of revenue) and net loss $79.6M.
Source: Aeva Technologies 10-Q on SEC EDGAR.