AEye Inc (NAS:LIDR)

Q2 2026 AEye Inc Earnings Call Transcript

Aug 6, 2026 / 09:00 PM GMT

Release Date Price: $1.24 (-1.59%)

Transcript 10-Q8-K

Key Points

Positve

AEye Inc (LIDR) reported Q2 2026 revenue of $202,000, growing approximately 9 times year-over-year and 100% quarter-over-quarter, marking its fourth consecutive quarter of growth.
The company was selected as the preferred LiDAR vendor for Alive 3D, a sports analytics provider, expanding its reach into a new market category and demonstrating the versatility of its software-defined architecture.
Proof-of-concept programs from revenue-generating customers grew to 25 from 21, with engagements and quote activity increasing approximately 25% and 40% quarter-over-quarter, respectively.
Defense engagements doubled quarter-over-quarter, with the lead defense customer placing its third consecutive paid order, and repeat business emerging across UAV, UGV, and counter-UAS applications.
Apollo was validated on Nvidia Drive AGX 4, deepening its relationship with Nvidia and positioning AEye Inc (LIDR) as a pre-qualified sensor partner in the Nvidia Drive Hyperion ecosystem.
The company introduced a new revenue stream of $30,000 in contract development revenue from customer-funded engineering work, which is expected to become a more regular contributor in subsequent quarters.
AEye Inc (LIDR) ended Q2 2026 with approximately $71.5 million in cash and marketable securities, is virtually debt-free, and reaffirmed its 2026 full-year cash use outlook of $30-35 million.

Negative

AEye Inc (LIDR) reported a GAAP net loss of $10 million or $0.22 per share in Q2 2026, widening from $8.3 million or $0.18 per share in the first quarter.
GAAP operating expenses increased to $10.6 million from $8.9 million in Q1 2026, driven by non-cash stock-based compensation and non-recurring engineering, tooling, and test costs as the company ramps production.
The company's revenue base remains extremely small at $202,000 for the quarter, indicating that commercial scale is still in its early stages despite strong growth rates.
Cash consumption is expected to run higher in the second half of 2026 as the company ramps manufacturing build, which could pressure its balance sheet if revenue growth does not keep pace.
Automotive and trucking OEM evaluation cycles remain lengthy, with programs taking months to process, and the company faces fierce competition in the LiDAR space, as highlighted in the Alive 3D win.
The company did not provide specific revenue guidance for the second half of 2026, creating uncertainty about the pace and magnitude of the anticipated revenue ramp.

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

LIDR.OQ - Aeye Inc
Q2 2026 AEye Inc Earnings Call
Aug 06, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, welcome to AIQD 2026 conference call.

All lines have been placed on mute to prevent any background noise.

After the speaker's remarks, there will be a question-and-answer session.

If you would like to ask a question during this time, just for a star, followed by number 1 on your telephone keypad.

And if you would like to withdraw your question, press 1 again.

And please note that this call is being recorded.

I would not like to turn the call over to kitten Olson, you may begin.

Good afternoon and thank you for joining AI second quarter 2026 earnings call.

I'm Keenan Olson, investor relations Manager for AI.

And with me today are Matt Fish, Chief

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