---
title: "Aspen Aerogels | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 49.85 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295090737.md"
datetime: "2026-08-06T10:32:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295090737.md)
  - [en](https://longbridge.com/en/news/295090737.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295090737.md)
generator: "portal-rs"
---

# Aspen Aerogels | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 49.85 M

Revenue: As of FY2026 Q2, the actual value is USD 49.85 M, beating the estimate of USD 42.42 M.

EPS: As of FY2026 Q2, the actual value is USD -0.28, missing the estimate of USD -0.2275.

EBIT: As of FY2026 Q2, the actual value is USD -20.49 M.

### Second Quarter 2026 Financial Results

#### Revenue

-   Total revenue for Aspen Aerogels, Inc. was $49.8 million, compared to $78.0 million in the prior year period.
-   Thermal Barrier segment revenue was $29.5 million, an 81% increase quarter-over-quarter, compared to $55.2 million in the prior year period.
-   Energy Industrial segment revenue was $20.4 million, compared to $22.8 million in the prior year period.

#### Net Loss and Adjusted EBITDA

-   Net loss was - $23.3 million, compared to a net loss of - $9.1 million in the prior year period.
-   Second quarter 2026 results included an $8.9 million loss on property damage related to the April 2026 East Providence incident, offset by a corresponding receivable for an estimated $8.9 million insurance recovery.
-   Results also included $5.3 million of other incident-related costs.
-   Excluding these items, adjusted net loss for the second quarter of 2026 was - $17.9 million, compared to an adjusted net loss of - $3.2 million in the prior year period.
-   Adjusted EBITDA was - $6.6 million, compared to $9.7 million in the prior year period.

#### Cash and Liquidity

-   Aspen Aerogels, Inc. ended the quarter with cash, cash equivalents, and restricted cash of $153.4 million.

#### Cash Flow from Operating Activities

-   Net cash provided by operating activities for the six months ended June 30, 2026, was $17,945 thousand, compared to $1,702 thousand for the same period in 2025.
-   Net cash used in operating activities for the three months ended June 30, 2026, was - $16,200 thousand.

#### Cash Flow from Investing Activities

-   Net cash used in investing activities for the six months ended June 30, 2026, was - $3,169 thousand, compared to - $25,883 thousand for the same period in 2025.
-   Net cash used in investing activities for the three months ended June 30, 2026, was - $1,802 thousand.

#### Cash Flow from Financing Activities

-   Net cash used in financing activities for the six months ended June 30, 2026, was - $19,925 thousand, compared to - $29,063 thousand for the same period in 2025.
-   Net cash used in financing activities for the three months ended June 30, 2026, was - $4,160 thousand.

#### Net Increase (Decrease) in Cash

-   Net decrease in cash, cash equivalents and restricted cash for the six months ended June 30, 2026, was - $5,149 thousand.
-   Net decrease in cash, cash equivalents and restricted cash for the three months ended June 30, 2026, was - $22,162 thousand.

### Operational Highlights

-   Aspen Aerogels, Inc. initiated a staged restart of its manufacturing facility in East Providence, Rhode Island, and maintained customer supply throughout the quarter.
-   The company secured a PyroThin® award from Jaguar Land Rover for two next-generation vehicle architectures, with production expected to start in 2027.

### Financial Outlook

Aspen Aerogels, Inc. expects Q3 2026 revenue to range between $65 million and $80 million, with an anticipated net loss between - $9 million and - $6 million. The company projects Q3 2026 Adjusted EBITDA to be between $7 million and $15 million, and full-year 2026 capital expenditures, excluding East Providence restoration costs, to be less than $10 million. Additionally, the European Thermal Barrier 2026 revenue outlook has been raised to $20 million to $30 million.

### Related Stocks

- [ASPN.US](https://longbridge.com/en/quote/ASPN.US.md)

## Related News & Research

- [Aspen Aerogels Reports Q2 Revenue Decline, Outlook Raised](https://longbridge.com/en/news/295099876.md)
- [Aspen Aerogels Q2 FY26 net loss narrows to $23.3 million; revenue rises 32% QoQ to $49.8 million](https://longbridge.com/en/news/295090783.md)
- [Aspen Aerogels Q2 revenue falls on lower Thermal Barrier sales](https://longbridge.com/en/news/295092570.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**