Q1 2026 Hyliion Holdings Corp Earnings Call Transcript

May 13, 2026 / 03:00 PM GMT

Release Date Price: $3.59 (+33.96%)

Transcript 10-Q8-K

Key Points

Positve

Hyliion Holdings Corp (HYLN) successfully completed the UL certification non-recurring test milestone for the KARNO power module, enabling the delivery of early adopter units to customer sites.
The company recorded a significant increase in revenue, reaching $2.8 million this quarter, a four-fold increase from the prior quarter.
Hyliion Holdings Corp (HYLN) signed a new strategic partnership with VFG Holdings to deploy up to 250 KARNO cores over the next five years, enhancing its presence in the data center market.
The company demonstrated true multi-fuel flexibility, successfully switching between diesel, natural gas, and hydrogen without shutting down the system.
Hyliion Holdings Corp (HYLN) is on track to secure $40 million to $50 million in additional military contracts this year, reflecting strong demand for its technology from the military sector.

Negative

Operating expenses for the first quarter were $13.4 million, although down from the previous year, they still represent a significant cost.
The company recorded a net loss of $11.7 million in the first quarter, highlighting ongoing financial challenges.
Hyliion Holdings Corp (HYLN) anticipates additional capital will be required to support production growth, particularly for purchasing additional additive manufacturing equipment.
The company is still in the early stages of commercialization, with full-scale production and deployment expected to ramp up in 2027 and beyond.
There are potential risks associated with the supply chain, particularly concerning the sourcing of high-strength magnets, although progress has been made in finding alternate sources.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HYLN.A - Hyliion Holdings Corp
Q1 2026 Hyliion Holdings Corp Earnings Call
May 13, 2026 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, everyone.

Thank you for joining us, and welcome to Hyliion Holdings' first-quarter 2026 earnings conference call. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press *1 to raise your hand. To withdraw your question, press *1 again. I will now hand the conference over to Greg Stantley, Chief Accounting Officer.

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Unidentified_2 [2]
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Thank you, and good morning, everyone. Welcome to Hyliion Holdings' first-quarter 2026 earnings conference call.

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