AEye reported third-quarter 2026 revenue of $506 thousand, a tenfold increase from the prior year and a 2.5x sequential rise, marking its fifth consecutive quarter of growth. The company recorded its first STRATOS revenue with Swiftstrike AI and began recognizing revenue from Lunar Outpost under a binding multi-million-dollar agreement. Customer count expanded to 32, while gross margin improved significantly to negative 35 percent from negative 80 percent in the prior quarter. GAAP net loss was $11.2 million, or $0.24 per share. Management expects fourth-quarter revenue to approximately double to around $1 million, establishing a new quarterly baseline driven by Apollo commercial programs and Lunar Outpost ramping.
