Hyliion Q1 net loss narrows

Hyliion Holdings

12/05/2026 21:15

Overview

Modular power plant developer's Q1 revenue rose sharply from last year and prior quarter

Company's Q1 net loss narrowed 32% year-over-year

Q1 operating expenses fell, mainly due to lower R&D spending and shift to revenue-generating work

Outlook

Hyliion reaffirms 2026 revenue guidance of approximately $10 mln

Company expects total 2026 cash use of about $50 mln, ending year with $100 mln in cash and investments

Hyliion expects to commercialize the KARNO Power Module by year end

Result Drivers

NAVY CONTRACTS - Revenue growth driven by acceleration of work under U.S. Navy contracts, including build of 800-kilowatt KARNO Power Module

CERTIFICATION MILESTONE - Completion of non-recurring UL certification testing for KARNO Power Module removed a key barrier to customer site deliveries

Company press release: ID:nBw80rwx7a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$2.8 mln
$1 mln (1 Analyst)
Q1 Net Income
-$11.7 mln
Q1 Basic EPS
-$0.07


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "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 $5.00, about 81.2% above its May 11 closing price of $2.76

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.)