AEVA
Aeva Technologies, Inc.

Aeva Technologies, Inc.AEVA

Technology · Software - Infrastructure
11.00USD
+19.70%
Nov 08, 2026
AEVA overview ready
Supplier of FMCW 4D LiDAR and perception systems for autonomous vehicles
Aeva is a direct LiDAR-and-perception-system supplier: it sells FMCW-based 4D LiDAR hardware, silicon-integrated sensing and perception software into automotive, commercial-vehicle, industrial-automation, smart-infrastructure, and selected defense programs.
Primary theme is lagging
Robotics / Automation is lagging (-6.7pp vs SPY over 21 sessions; 3 of 10 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of the cash it currently generates.
Fundamentals not measured
Primary risk
Technology adoption risk in automotive and industrial markets.
Market Nov 6Filing Sep 30Price action Nov 7Research Jul 30

Conviction Level

PriceAction5.4BusinessPerformance5.0BusinessQuality—Valuation0.3ThemeMomentum1.0Mixed — Revenue is growing at a steady pace (+86% year over year). The company is still loss-making: the diluted loss per share widened to -$0.54 from -$0.52 a year earlier. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−6.7pp
Theme return
−11.7%
Beating SPY
3 of 10
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryConstructive

Structure is constructive on both timeframes without excessive extension — a reasonable entry location.

Key Financials

Market Cap
$768.9M
Avg Volume (60D)
1.7M
60 sessions
Revenue Growth YoY
+99.4%
FY2025 vs FY2024
Gross Margin
+31.2%
Trailing twelve months
Operating Margin
-558.6%
Trailing twelve months
Free Cash Flow Yield
-14.8%
Distance from 200DMA
-34.0%
P/E
N/M
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Mixed

Revenue is growing at a steady pace (+86% year over year). The company is still loss-making: the diluted loss per share widened to -$0.54 from -$0.52 a year earlier.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthGrowing
+86%
$6.7M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +109%
  2. +86%
  3. +11%
  4. +86%
Earnings growthLoss widening
-$0.54
Diluted EPS -$0.54 vs -$0.52 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Gross marginExpanding
33.6%
+21.6 pp YoY
The business is consuming cash
The share count is rising

Business Quality

Not assessed

Not assessed yet — the business is too early-stage for its economics to show in filings.

Fundamentals & Valuation

Both valuation perspectives agree this company is expensive.
Aeva Technologies, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash it currently generates.

What changed

  • AEVA rose 19.7% in one session
    AEVA closed +19.7% while the broad market was close to flat (+0.3%).
    2026-11-06

Company Research

Thesis
Aeva is a direct LiDAR-and-perception-system supplier: it sells FMCW-based 4D LiDAR hardware, silicon-integrated sensing and perception software into automotive, commercial-vehicle, industrial-automation, smart-infrastructure, and selected defense programs.
Opportunity
Moderate opportunity
OEM, commercial-truck, and autonomous-system development programs requiring automotive-grade long-range perception sensors that support higher-level driving automation, redundant sensing, and autonomous operation in difficult operating conditions.
Key risk
Technology adoption risk in automotive and industrial markets.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Software - Infrastructure
What they do

Aeva Technologies designs, manufactures, and sells LiDAR sensing systems and related perception and autonomy software using FMCW technology for automotive and industrial applications globally.

How it earns

Generates revenue primarily through transactional sales of hardware and software solutions to OEMs and system integrators.

Products & services
Aeva Omni wide-view short-range 4D LiDAR
Aeva Atlas long-range 4D LiDAR with data and power over ethernet
CityOS AI operating system for real-time traffic intelligence
Customers & end markets
Automotive OEMs
Commercial truck manufacturers
Industrial automation companies
Smart infrastructure operators
Defense programs
Market position

Niche supplier specializing in FMCW-based 4D LiDAR and integrated perception systems for advanced autonomy applications.

Demand drivers
Medium cyclicality

Exposure to automotive and industrial sectors subjects it to economic cycles and capital spending variability.