Hyliion Q2 revenue more than triples on US Navy contracts, raises 2026 outlook

Hyliion Holdings

11/08/2026 21:25

Overview
US modular power plant developer's Q2 revenue more than tripled yr/yr
Company raised full-year 2026 revenue guidance to $15 mln from $10 mln
Q2 net loss widened slightly to $13.9 mln from $13.4 mln a year earlier

Outlook
Hyliion raises full-year 2026 revenue guidance to $15 mln from $10 mln
Company expects year-end 2026 cash and investments of $115 mln to $120 mln, up from $100 mln prior outlook
Hyliion expects commercialization of 200 kW KARNO Power Module in 2027

Result Drivers
NAVY CONTRACTS - Revenue growth was mainly due to accelerated work under U.S. Navy contracts, including production of components for the 800-kilowatt Power Module
ADDITIVE MANUFACTURING ADVANCEMENTS - Co achieved improvements in additive manufacturing, expected to deliver up to 3x increase in printing speed and throughput

Company press release: ID:nBwblyJ1Wa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$4.94 mln
$2.40 mln (2 Analysts)
Q2 Net Loss
 
$13.93 mln
 
Q2 Loss Per Basic Share
 
$0.08
 
Q2 Operating Expenses
 
$15.66 mln
 
Q2 Operating Income
 
-$15.30 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy electrical equipment peer group is "buy"
Wall Street's median 12-month price target for Hyliion Holdings Corp is $7.00, about 78.1% above its August 10 closing price of $3.93

Reuters Recommended Reads
Aug 10 - Plug Power Q2 adjusted EPS loss narrows, lifts 2026 outlook
Aug 10 - Babcock & Wilcox Q2 revenue eases past estimates, helped by large project volume
Aug 11 - Energy Focus Q2 sales jump 228% on Australia shipments, military demand

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.)