Aeva Technologies Q3 revenue misses estimates

Aeva Technologies

05/11/2025 22:27

Overview

Aeva Q3 revenue of $3.58 mln misses analyst expectations

The FMCW lidar sensor maker receives $100 mln investment from Apollo Global Management in Q3

Outlook

Company in late-stage contract negotiations for series production award with major OE

Result Drivers

OEM DEVELOPMENT - Successfully completed joint development program with a Top-10 global passenger OEM, advancing to late-stage contract negotiations for series production

PRODUCT EXPANSION - Expanded manufacturing automation product line to include Eve 1V motion sensing, with initial sensor orders received

INVESTMENT BOOST - Secured $100 mln investment from Apollo Global Management to accelerate commercial momentum

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$3.58 mln
$4.80 mln (2 Analysts)
Q3 Adjusted EPS
Beat
-$0.46
-$0.47 (5 Analysts)
Q3 EPS
-$0.52
Q3 Net Income
$107.50 mln
Q3 Adjusted EBIT
Miss
-$27.20 mln
-$25.60 mln (2 Analysts)
Q3 EBIT
-$33.16 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy"

Wall Street's median 12-month price target for Aeva Technologies Inc is $25.00, about 44.8% above its November 4 closing price of $13.80

Press Release: ID:nBwYDq6Ka

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)