Earnings ·
Reports Q3 revenue of $7.5M, raises full-year guidance to ~$18M
HYLNHyliion Holdings Corp.
Hyliion Holdings reported third-quarter 2026 revenue of $7.5 million, a significant increase from $0.8 million in the prior year period, driven by accelerated progress on military research and development services. The company raised its full-year 2026 revenue guidance to approximately $18 million from $15 million, citing stronger-than-anticipated results and additional funding under existing contracts. Net loss for the quarter narrowed to $11.1 million from $13.3 million a year earlier, while operating expenses declined 15% to $13.0 million due to a shift toward revenue-generating work. Hyliion ended the quarter with $121.4 million in cash and investments and anticipates approximately $8 million in additional military contract awards before year-end. The company develops modular power plant technology designed for data center, military, commercial, and industrial applications.