Aeva Technologies' second quarter revenue of $6.1 million beats estimates as it launches a new Optical Connectivity business.

Aeva Technologies reported second quarter 2026 revenue of $6.1 million, an increase from $5.5 million in the same period last year, beating analyst expectations. The company posted a non-GAAP net loss of $0.41 per share, which was narrower than the consensus estimate for a $0.56 loss. Alongside the results, the company announced that its Chief Financial Officer, Saurabh Sinha, plans to resign effective September 5, 2026.

Key Highlights

• Reported second quarter revenue of $6.1 million and a non-GAAP net loss of $0.41 per share, beating analyst estimates.
• Launched a new Optical Connectivity business, leveraging its photonics technology for AI data centers, and signed a joint development agreement with a major customer for a hyperscaler deployment.
• Selected by commercial vehicle ADAS leader Bendix to develop the next generation of its ADAS solution for Class 8 trucks in North America.
• Announced that CFO Saurabh Sinha will resign to pursue another opportunity, with an external search for a permanent successor underway. The current VP Corporate Controller will serve as Interim CFO.