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Aeva Technologies, Inc.
NASDAQ: AEVA Technology IT 🔎 Screen
$1.0B
Market Cap
P/E
PEG
-334.1%
ROCE
N/M
ROE
7.64
D/E
-705.8%
OPM
-44.8%
% from 52W High
65
α RS
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🌏 Global Investor Returns
Currency-adjusted total returns for AEVA including FX impact
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📈 Price History
Ratio Health
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About

Aeva Technologies, Inc. engages in the design, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, Oceania, and Asia.

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⭐ Superinvestors Holding AEVA
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 1.14M $15.0M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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📊 MIXED Aeva posts record Q1 revenue of $6.3M, up 90% YoY, advancing on multiple automotive and Physical AI programs.
Revenue & Profitability
Q1 2026 revenue was $6.3 million, a new quarterly record and about 90% higher year-over-year. Non-GAAP operating loss was $25.8 million, roughly flat compared to the prior year. Gross cash use (operating cash flow less CapEx) was $28.1 million. Total available liquidity at quarter end was $224.5 million, comprising $99.5 million in cash and marketable securities plus a $125 million undrawn facility.
Outlook
Management sees strong and growing demand across multiple Physical AI applications, including automotive, defense, smart infrastructure, and factory automation. They highlighted the rise of Physical AI and the need for new levels of perception as tailwinds. No specific headwinds were discussed beyond general forward-looking risk factors.
Growth Drivers
Key growth levers include: scaling Atlas sensor deliveries to Daimler Truck for Level 4 highway autonomy; the top European OEM's Level 3 program targeting SOP in 2028; expanding defense engagements with Forterra and new drone applications; the launch of Aeva CityOS for smart infrastructure, already winning a large-scale deployment in Georgia; and the Nikon APDIS MV5 product launch powered by Aeva's Eve precision sensing. Management also noted growing interest in Level 2 ADAS applications for high-volume vehicles.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Not discussed in this earnings call.
Key Risks
Risks mentioned are generic forward-looking statement risks related to assumptions and uncertainties; analysts did not specifically probe risk factors. The transcript includes standard caution regarding forward-looking statements and their reliance on current expectations and assumptions.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-05
Q2 saw strong revenue growth, expansion into optical connectivity for AI data centers, and a major hyperscaler deal expected to drive millions of units and hundreds of millions in annual revenue starting 2027. Automotive, factory automation, and defense segments also advanced.
Q1 2026 Q1 2026 2026-05-06
Q1 2026 revenue surged 90% year-over-year to $6.3 million, driven by strong momentum in automotive, defense, infrastructure, and industrial markets. Multiple commercial wins, disciplined expense management, and robust liquidity position the company for continued growth and new opportunities.
Q4 2025 Q4 2025 2026-02-26
Record 2025 revenue doubled year-over-year, driven by major OEM wins, NVIDIA partnership, and expansion into defense and industrial markets. 2026 guidance targets up to 100% revenue growth, four or more new commercial wins, and continued financial discipline.
Q3 2025 Q3 2025 2025-11-05
Achieved early completion of a major OEM development program, expanded precision sensing offerings, and secured $100M in new funding. Revenue reached $3.6M with improved operating loss, and liquidity now stands at $270M, supporting growth across automotive and industrial markets.
Q2 2025 Q2 2025 2025-07-31
Record Q2 revenue and improved operating loss reflect strong commercial momentum and disciplined cost management. Liquidity exceeds $200 million with pending LG Innotek investment, supporting aggressive growth targets and major production wins in automotive and manufacturing.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
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Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
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