Aspen Aerogels Q2 revenue falls on lower Thermal Barrier sales

Aspen Aerogels

06/08/2026 11:40

Overview
US insulation technology firm's Q2 revenue fell 36% yr/yr, driven by lower Thermal Barrier sales
Company posted wider Q2 net loss, impacted by East Providence incident-related costs
Aspen raised 2026 European Thermal Barrier revenue outlook and won Jaguar Land Rover contract

Outlook
Aspen expects Q3 2026 revenue between $65 mln and $80 mln
Company sees Q3 2026 adjusted EBITDA between $7 mln and $15 mln
Aspen raises 2026 European Thermal Barrier revenue outlook to $20 mln-$30 mln

Result Drivers
THERMAL BARRIER RECOVERY - Co said Q2 Thermal Barrier revenue rose 81% quarter-over-quarter, driven by stabilizing North American volumes and continued European OEM momentum
EV REGULATORY IMPACT - Co attributed lower yr/yr Thermal Barrier revenue to changes in North American EV regulatory frameworks and incentive programs
EAST PROVIDENCE INCIDENT - Aspen incurred property damage and additional costs from East Providence facility incident but maintained customer supply via inventory and external production

Company press release: ID:nGNXp10Zp

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Loss Per Share
 
$0.28
 
Q2 Net Loss
 
$23.30 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 1 "sell" or "strong sell"
The average consensus recommendation for the specialty chemicals peer group is "buy"
Wall Street's median 12-month price target for Aspen Aerogels, Inc. is $7.00, about 39.7% above its August 5 closing price of $5.01

Reuters Recommended Reads
Aug 5 - Owens Corning Q2 revenue and adjusted EPS beat estimates
Aug 5 - Specialty materials maker Materion's Q2 sales, adj EBITDA beat estimates
Aug 4 - DuPont narrows annual sales forecast on water business weakness, shares down

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(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.)