Research Reports

Q1 2026 total revenue of $6.3 million, a new quarterly record, up ~90% year-over-year (CFO).
Non-GAAP operating loss of $25.8 million, roughly flat year-over-year (CFO).
Gross cash use (operating cash flow less CapEx) of $28.1 million in Q1 (CFO).
Total available liquidity at Q1 end: $224.5 million ($99.5M cash/marketable securities + $125M undrawn facility) (CFO).
Daimler Truck: began deliveries of production-intent Atlas C-sample sensors; on track to scale deliveries through 2027 target launch (CEO).
Top European passenger OEM: began integration of Atlas Ultra sensors into development vehicles; target start of production in 2028 (CEO).
Forterra expansion: second autonomous ground vehicle (MESA) using 4 Atlas sensors for surround view (CEO).
Smart infrastructure: launched Aeva CityOS; secured first large-scale deployment in Georgia with expansion to 30 additional intersections in Greater Atlanta (CEO).
Nikon: launched next-gen APDIS MV5 robotic inspection laser radar powered by Aeva’s Eve platform, part of a multiyear production agreement (CEO).
Official guidance: No forward guidance provided in prepared remarks.

“Q1 was a strong quarter at Aeva, where we achieved another new quarterly revenue record as we continued executing on our growing commercial momentum.” (CEO)
“The start of Atlas C-sample deliveries to Daimler Truck this past quarter marks a major step forward on the OEM's path to commercialization.” (CEO)
“We are very encouraged that CityOS is quickly gaining traction with DOTs and municipalities across the U.S.” (CEO)
“Our Q1 financial results also reflect our growing momentum. This includes achieving a new record revenue quarter of $6.3 million.” (CFO)
“We continue to believe that our performance and liquidity position differentiates us from peers and together with our ongoing financial discipline enables Aeva to support ongoing programs as well as secure new wins.” (CFO)

Metric	Value	Speaker/Context
Total Revenue	$6.3M	Q1 2026, new record, ~90% YoY growth (CFO)
Non-GAAP Operating Loss	$25.8M	Q1 2026, roughly flat YoY (CFO)
Gross Cash Use	$28.1M	Q1 2026 (operating cash flow less CapEx) (CFO)
Total Available Liquidity	$224.5M	End of Q1 2026 ($99.5M cash/securities + $125M undrawn facility) (CFO)

Topic: 数据中心CPO解决方案进展及物理AI（工业/工厂）市场机会
Key points:
- 数据中心市场正经历第三波瓶颈：从GPU/计算→高带宽存储→光学互连（铜缆物理极限），Aeva的高功率光源和硅光技术可提供性能和成本优势。
- 已收到来自GPU厂商（NVIDIA、AMD）和超大规模云商（Amazon、Meta）的强烈兴趣。
- 工业/物理AI领域：Nikon首款商用产品已上线并出货，Nikon在机器人检测和计量领域年收入约3亿美元；Aeva传感器ASP高于汽车；已向半导体设备制造工厂出货1000+个传感器，用于晶圆测量和质量控制。
- 智能基础设施（CityOS）在乔治亚州开始大规模部署；国防业务实现两位数增长。
Mgmt stance: 乐观——数据中心CPO是“巨大机会”，工业/物理AI需求“显著增长”，多个细分市场（工业、ITS、国防）均看到强劲势头。

Topic: 乘用车OEM软件栈开发进度及与OEM合作风险（对比大众CARIAD案例）
Key points:
- 商用车方面：已向戴姆勒卡车交付Atlas C样品（生产意图传感器），这是行业关键里程碑。
- 乘用车方面：正在与OEM合作推进软件栈开发，但未提供具体时间表或风险缓解细节。
Mgmt stance: 中性偏积极——强调“多引擎同时推进”（商用车、乘用车），但未直接回应软件合作风险，仅以“关键里程碑”作为进展证据。