Hyliion Holdings Adjusts Revenue Forecast Amid KARNO Delay, Analysts Predict 65.68% Upside

Hyliion Holdings (HYLN) Q2 GAAP EPS beats expectations, but revenue lags behind. The company adjusted its 2025 revenue forecast to $5-$10 million due to the delayed launch of its KARNO product, now expected in 2026. Analysts set a one-year price target of $2.80, indicating a potential upside of 65.68%. GF Value estimates an even greater upside of 164.5% from the current price.

Hyliion Holdings Inc. (HYLN) reported its second-quarter 2025 financial results, with adjusted earnings per share (EPS) beating market expectations. However, the company's revenue fell short of forecasts, primarily due to the delayed commercialization of its KARNO™ generator platform. The company has adjusted its 2025 revenue forecast to a range of $5 to $10 million, down from $10 to $15 million previously, with commercialization now expected in 2026.

The company's Q2 2025 EPS was $0.02, exceeding the expected $0.01 EPS. This was driven by a gross profit of $131,000, despite total revenue of $1.5 million, which was below analyst expectations of $2.5 million. Operating expenses increased to $15.8 million from $14.0 million in the prior year, primarily due to higher R&D expenses. The net loss for the quarter was $13.4 million, compared to $10.9 million in the second quarter of 2024.

Hyliion also reported a cash and investment balance of $185.3 million at the end of the second quarter, with cash use of $13.5 million, including $4.3 million for capital expenditures. The company expects full-year 2025 cash outlays of approximately $65 million.

The company's Q2 2025 results were impacted by several factors. The delayed launch of the KARNO™ generator platform, which was originally expected in late 2025, has been pushed back to 2026. Additionally, the company faced production and quality issues with its linear electric motor (LEM) production earlier in the year, which have since been resolved. The company has also signed a $1 billion memorandum of understanding (MOU) with Alkhorayef Industries for potential deployments in Saudi Arabia.

Analysts have set a one-year price target of $2.80 for Hyliion, indicating a potential upside of 65.68% from the current price. GF Value estimates an even greater upside of 164.5% from the current price.

References:
[1] https://finance.yahoo.com/news/hyliion-holdings-reports-second-quarter-203000088.html