Hyliion Q2 revenue more than triples on US Navy contracts, raises 2026 outlook
HYLN•What drove the results
Revenue growth was mainly due to accelerated work under U.S. Navy contracts, including production of components for the 800-kilowatt Power Module.
The company also said it made improvements in additive manufacturing, which it expects to deliver up to a 3x increase in printing speed and throughput.
Other quarterly details
| Metric | Actual |
|---|---|
| Q2 Operating Expenses | $15.66 million |
| Q2 Operating Income | -$15.30 million |
The current average analyst rating on the shares is buy, with 2 strong buy or buy ratings, 1 hold rating and no sell or strong sell ratings. The median 12-month price target is $7.00, about 78.1% above the August 10 closing price of $3.93.
Outlook raised for 2026
Hyliion raised its full-year 2026 revenue guidance to $15 million from $10 million.
