Aspen Aerogels Q1 revenue falls less than expected

Aspen Aerogels

07/05/2026 11:38

Overview

US sustainability solutions provider's Q1 revenue fell sharply yr/yr but beat analyst expectations

Adjusted EPS for Q1 missed analyst estimates

Company expects staged restart of East Providence plant in May after April explosion

Outlook

Aspen expects Q2 2026 revenue between $40 mln and $48 mln

Company sees Q2 2026 net loss of $14 mln to $20 mln

Aspen expects FY 2026 capital expenditures to be less than $10 mln

Result Drivers

THERMAL BARRIER DEMAND DROP - Co said Thermal Barrier segment revenue fell sharply due to reduced customer demand after regulatory and incentive changes

PLANT EXPLOSION DISRUPTION - Temporary shutdown of East Providence facility after April explosion led co to use inventory and external manufacturing to support demand

COMMERCIAL SETTLEMENT - $3.5 mln of $37.6 mln cash settlement from General Motors recognized as revenue in Q1, remainder deferred

Company press release: ID:nGNX8dtzTV

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$37.9 mln
$37.39 mln (6 Analysts)
Q1 Adjusted EPS
Miss
-$0.28
-$0.26 (3 Analysts)
Q1 EPS
-$0.29
Q1 Net Income
-$23.7 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"

Wall Street's median 12-month price target for Aspen Aerogels Inc is $4.00, about 2.9% below its May 6 closing price of $4.12

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