Aeva Technologies 2025 Q3 Earnings Record Net Income Surges 387.5%

Aeva Technologies (AEVA) reported Q3 2025 earnings on November 7, 2025, with revenue rising 59.1% year-over-year to $3.58 million and net income surging to $107.5 million, a dramatic turnaround from a $37.4 million loss in 2024 Q3. The stock initially gained 6.27% in the latest trading day but faced volatility, with a 20.07% drop in the week and 18.27% month-to-date decline.

Revenue

North America dominated the revenue mix at 86%, with EMEA and APAC contributing 9% and 5% respectively. The increase was driven by higher unit sales and non-recurring engineering revenue, including contributions from the Daimler Truck program.

Earnings/Net Income

The company’s net income surged 387.5% to $107.5 million, driven by a gain on the settlement of a share subscription liability and improved production efficiency. Earnings per share (EPS) rose to $1.86, reversing from a $0.70 loss in 2024 Q3. This marked Aeva’s first profitability in Q3 after six consecutive years of losses in the same period.

Post-Earnings Price Action Review

The strategy of buying AEVA shares on revenue raise announcements and holding for 30 days yielded positive returns over three years, with a compound annual growth rate (CAGR) of 14.86%. While Year 1 saw a strong 38.76% return, Year 2 experienced a -20.13% downturn, followed by a 29.92% recovery in Year 3. Despite long-term gains, the approach faced volatility due to market corrections and company-specific risks.

CEO Commentary

Soroush Salehian, CEO of Aeva Technologies, highlighted progress in key programs, including the completion of a top-10 OEM development program ahead of schedule and late-stage negotiations for a global production award. The company also announced a $100 million investment from Apollo Global Management, boosting liquidity to $270 million. Salehian emphasized Aeva’s leadership in FMCW LiDAR technology and its potential to drive Level 3 autonomous driving adoption, positioning the company for growth in automotive and industrial markets.

Guidance

Aeva anticipates continued R&D investment and operating losses as it scales production. The company plans to leverage third-party manufacturers to meet rising demand and is targeting market entry in 2027 for its Daimler Truck collaboration. Forward-looking statements include expectations of securing additional programs and expanding into new industrial applications with its EVE 1V sensor.

Additional News

Aeva secured a $100 million convertible note investment from Apollo Global Management, enhancing its liquidity to $270 million. CTO Mina Rezk sold $360,930 in shares, while the company announced a strategic partnership with LG Innotek to scale manufacturing. Additionally, Aeva unveiled its EVE 1V motion sensor, expanding into the $4–6 billion industrial automation market. These developments underscore Aeva’s focus on commercialization and technology diversification amid competitive industry dynamics.

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