Aeva Tech

Q2 FY2026 EarningsQ2 FY26 results were mixed relative to consensus, with revenue of $6.14M beating the $5.92M estimate (+3.64%), while GAAP EPS of -$1.23 significantly missed the -$0.54 expectation due to a $44.7M non-cash warrant liability fair value adjustment. Professional services revenue surged 174% YoY, offsetting a 39% decline in product sales. While operational performance improved at the gross margin level (35.7% vs. 24.0% expected), substantial non-operating items and increased stock-based compensation drove the bottom-line miss.