earnings
confidence high
sentiment positive
materiality 0.70
Hyliion Q3 revenue jumps to $7.5M from $0.8M; FY2026 guidance raised to ~$18M
Hyliion Holdings Corp.
- Q3 2026 revenue of $7.5M versus $0.8M in Q3 2025, driven by Navy R&D services; cost of revenues $6.9M, gross profit $0.6M.
- Net loss $11.1M vs $13.3M a year ago (-17%); operating expenses $13.0M, down 15%, with R&D $8.7M and SG&A $4.3M.
- FY2026 revenue guidance raised to ~$18M from $15M; Q4 revenue expected ~$3M. 800-kW Navy system now due early 2027 after a thermal-fatigue component redesign.
- Expects ~$8M in new military awards before year-end (~$1M Navy, ~$7M other branch), bringing 2026 awards to ~$50M; $45.5M authorized funding remained at Sept 30.
- Cash and investments $121.4M at quarter-end; year-end forecast held at $115M-$120M. Q3 net cash spend $11.0M vs $20.6M; equipment financing dropped for 2026.