Aeva Reports Record Q3 2026 Revenue Amid Expansion into AI Data Center Optical Connectivity
Aeva (AEVA) reported record quarterly revenue of $6.7 million for the third quarter of 2026, nearly doubling the $3.6 million achieved in the same period last year. The company saw a significant sequential increase in product shipments, growing over 50% as manufacturing capacity scaled to meet rising demand across automotive and industrial sectors. Beyond its core lidar business, Aeva is successfully diversifying into optical connectivity for AI data centers. The company reported initial revenues from ultra-high power chipsets and is currently in commercial negotiations with a second hyperscaler customer, targeting potential volumes of multiple millions of units annually by 2028. Despite increased R&D spending to support silicon photonics, the company maintains a strong liquidity position of $272.5 million.
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Topics: AI data centers liquidity product shipments revenue growth supply agreement