Cool, Aeye blog page now added reddit sharing

Matt Fisch on The Big Biz Show -again: New Market, Defense, Shareholders, Confidentiality and Hinting Huge things are coming!!!!!!!!!

MF: "“revenue is coming. We're going to see in the back half of the year it's going to continue to grow we anticipate”

MF: [on revenue vs customers and pipelines]“revenue… lags because it takes time for customers to integrate it, test it, maybe meet regulatory requirements…”

MF: “AEye is really getting a big uptake in the market.”

MF: “[defense] it's one of the hottest topics that we're seeing right now in terms of growth.”

MF: “[on defense application] these very small drones are invisible to today's technology which is radar for example, and lidar unlocks that…”

MF: “we're now deploying Apollo sensors as part of a sports analytics program”; “we just announced a new partnership in this area where we're selling sensors into the sports analytics market.”

MF: “Every time we come back here, it seems we're talking about a new market segment.”

MF: “we maintain confidentiality for the customers we're working with.”

MF: "[after Q2 earning calls] shareholders understand our progress as a business.."

MF: “at the end of the day, we're here to help our shareholders.”

More importantly, Matt emphasized that: “Revenue is coming… in the back half of the year it's going to continue to grow, we anticipate.”

I just connected with Ransom Wuller (u/Regular-Departure978 )- Aeye stockholder ambassador**, and he has confirmed that he will join us for an AMA session later this week. He is one of the cofounders, and former President and CFO of Aeye, Inc. and has remained in the BOD from 2013 until his retirement in 2020.

Many here have read Ransom’s detailed commentary and analysis on AEye/LIDR, including his voices in recent years through "Letters to Shareholders", and this will be a good opportunity to discuss his views directly and dig deeper into the questions that matter to investors.

This will be a community AMA, so please start thinking about the questions you would most like Ransom to address.

I’ll post the exact date/time and AMA thread details once everything is finalized.

A big thank-you to Ransom Wuller (u/Regular-Departure978) for agreeing to spend some time with our community.

Let me know your questions, suggestions if you have any.

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AEye at J.P. Morgan Automotive Conference — Full Fireside Chat Summary

I reviewed the full ~31-minute AEye fireside chat from the J.P. Morgan Automotive Conference on August 12, 2026 together with the presentation slides. Below is a consolidated summary of the major points discussed by CEO Matt Fisch and CFO Conor Tierney.

1. Lidar remains central to autonomy

Matt opened by addressing the question of whether lidar is still essential to autonomous driving.

• He referenced recent Rivian comments supporting lidar for higher levels of autonomy.
• Lidar remains complementary to radar and cameras.
• It can see long distances like radar while providing much higher spatial resolution.
• Matt emphasized lidar's advantages in difficult conditions such as direct sunlight, rain and other environments where cameras can struggle.
• He showed AEye's work with the University of Toronto's autonomous-driving program.

2. OEM requirements are moving away from “one monolithic lidar”

AEye said the automotive market has evolved materially over the past year.

Previously, many discussions assumed one lidar sensor would handle essentially every requirement on a vehicle.

Management now sees OEMs moving toward specialized lidar configurations.

Examples discussed:

• long-range forward lidar
• shorter-range side sensors
• different sensors/configurations for robotaxi, passenger cars and trucks

Matt said a vehicle could potentially use a very long-range sensor above the windshield and lower-cost shorter-range sensors elsewhere rather than one highly over-engineered lidar doing everything.

3. “L4 Down” and renewed investment in autonomy

Matt said AEye has seen an enormous amount of capital flowing into L4 companies, especially autonomous trucking.

He said this renewed investment in:

• robotaxis
• autonomous trucking
• higher-level autonomy

is strengthening lidar's position within autonomous-driving sensor stacks.

The presentation described this broader trend as “L4 Down” — technologies and requirements originating in L4 autonomy influencing lower-level and eventually higher-volume vehicle applications.

4. Supply-chain resiliency has become an OEM requirement

AEye repeatedly emphasized geographic manufacturing and supply-chain resiliency.

Matt said that, especially with Western European and U.S. OEM purchasing organizations, having a resilient supply chain has effectively become table stakes.

The presentation specifically states:

“Manufacturing in North America.”

Matt also said AEye can manufacture in North America today.

5. AEye describes itself as the “SDV of lidar”

A major theme was AEye's software-defined architecture.

Matt described AEye as essentially the:

“software-defined vehicle of lidar.”

The key concept is the photon budget.

AEye's hardware architecture creates a large sensing-performance budget, and software can redistribute that performance depending on the application.

Trade-offs can be made between:

• range
• frame rate
• resolution
• field of view
• power/performance allocation

This allows one hardware architecture to behave differently depending on the customer's requirements.

6. The extreme range comes from the hardware architecture — software reallocates it

During Q&A, Matt clarified that software itself does not create the extreme range.

He attributed AEye's large photon budget to factors including:

• wavelength
• optical design
• bistatic architecture
• separate transmit and receive paths

Software then determines how that performance is used.

In simple terms:

hardware creates the performance envelope → software redistributes it.

7. Apollo can trade excess range for other performance

Matt repeatedly used Apollo's roughly 1-km capability as a “checkbook.”

An automotive application may not need to see one kilometer ahead.

Instead, that excess capability can be traded for:

• higher frame rate
• wider field of view
• higher resolution
• operation behind automotive glass

AEye sees this flexibility as one of its main differentiators.

8. Behind-the-windshield automotive installation

AEye discussed placing Apollo behind the windshield above the rearview mirror.

Passing laser energy through glass reduces effective range.

However, Matt said AEye has enough performance headroom to absorb that loss while still supporting long-range automotive requirements such as approximately 85-mph highway driving.

An additional benefit is that the sensor can use the vehicle's existing windshield-cleaning system instead of requiring a separate cleaning mechanism.

9. Alive3D is a real example of software-defined differentiation

Matt discussed the recently announced Alive3D commercial win.

He specifically said competition for that business was “fierce.”

Instead of using Apollo's performance for extreme range, AEye brought the range inward and increased the frame rate to approximately:

60 Hz

for high-speed sports tracking.

Matt said nobody else could deliver the required capability for that particular application and that this was why AEye won the business.

This was one of the clearest examples management gave of SmartScan/software-defined sensing converting into a commercial win.

10. Manufacturing is capital-light

AEye continues to emphasize its capital-light manufacturing model.

Management said its manufacturing system is modular and can scale up or down depending on demand.

Matt said the major incremental costs associated with scaling are primarily:

• components
• inventory
• working capital

rather than AEye needing to make major investments in building its own factories.

11. Current manufacturing line is ready for 60,000 units/year

This was one of the clearest manufacturing statements of the conference.

The slide states:

“Ready to Scale, meet Automotive style ramp — Current line can support up to 60k units annually.”

Matt verbally confirmed that the line announced late last year is:

ready to ramp up to 60,000 units per year.

Management described this capability as another important checkbox when approaching automotive OEM purchasing organizations.

12. NVIDIA relationship is primarily about integration and qualification

AEye discussed its relationship with NVIDIA extensively.

Apollo has been integrated/validated with:

• NVIDIA DRIVE AGX Orin
• NVIDIA DRIVE AGX Thor
• DRIVE Hyperion ecosystem

AEye also participates in NVIDIA's HALOS safety initiative.

Matt said NVIDIA states its hardware is used by 35+ OEMs.

Important distinction:

This does not mean AEye has 35 OEM design wins.

The advantage for AEye is that Apollo can approach OEMs already using NVIDIA as a pre-qualified and compatible sensor.

13. NVIDIA can reduce the true cost of lidar integration

Matt emphasized that the cost of adopting lidar is not simply the hardware ASP.

OEMs also face:

• software integration
• sensor training
• validation
• automotive qualification
• safety work

Being compatible with NVIDIA's platform can potentially lower these integration costs.

Matt also said NVIDIA has pushed AEye toward more representative automotive sensing requirements and helped the company strengthen its automotive-grade reliability processes.

14. STRATOS: smaller sensor with up to ~1.5-km range

AEye introduced STRATOS as the next evolution of its long-range platform.

The presentation compares:

Apollo

• up to ~1 km range
• ~0.05° × 0.05° angular resolution
• automotive/mobility focus

STRATOS

• up to ~1.5 km range
• ~0.03° × 0.02° angular resolution
• smaller form factor
• automotive plus rail, defense, trucking and infrastructure

Matt described STRATOS as having approximately twice the performance “checkbook” of Apollo.

15. STRATOS and Apollo share more than 90% of the work

This was an important Q&A disclosure.

Matt said STRATOS should not be viewed as a completely separate engineering platform.

He described it more like a:

manufacturing SKU/configuration change versus a redesign.

He said:

• more than 90% of the work is shared between Apollo and STRATOS
• most of the shared work is software
• optics can be changed during manufacturing
• some logic can be added or removed depending on the application
• relatively little new design engineering is required

This supports AEye's “one platform across multiple markets” approach.

16. Reliability and MEMS architecture

Matt discussed AEye's MEMS-based design.

He said the only moving component is approximately 1 mm in size, smaller than a pencil eraser.

AEye believes this architecture provides better durability than long-range lidar architectures relying on larger spinning mirrors or prisms.

17. Customer testing requiring 1,000g shock resilience

Matt disclosed that AEye is wrapping up a deep discussion/testing process with a customer requiring:

1,000g shock resilience.

The customer was not identified.

Management did not announce a design win or production award related to this testing.

Physical AI / Non-Automotive Markets

18. AEye is expanding from “autonomy” to “Physical AI”

Management said the company's addressable market has broadened considerably over the last year.

AEye now uses the term Physical AI to describe machines that perceive and interact with the physical world.

Target markets discussed included:

• automotive
• robotaxi
• autonomous trucking
• rail
• aerospace
• defense
• infrastructure
• intelligent transportation systems
• security
• data centers
• sports analytics

19. Defense has become a major area of activity

Matt said defense has been a very hot topic for AEye and that the company has received substantial inbound interest.

Applications discussed included:

• unmanned ground vehicles
• larger military drones
• surveillance aircraft
• manned vehicles
• power-line detection
• counter-UAS
• drone detection
• border/perimeter security

20. Defense was AEye's largest revenue category in H1 2026

One of the most important disclosures of the fireside chat:

Matt said defense had been:

the largest chunk of AEye's revenue during the first half of 2026.

This establishes defense as an existing revenue-generating market for AEye, although the company's overall current revenue base remains relatively small.

21. Power-line detection

Matt discussed high-speed, low-altitude drone applications.

AEye says its lidar can detect very thin objects such as power lines from hundreds of meters away.

He used an example of detecting something approximately the thickness of a golf ball from around 500 meters.

This is particularly relevant for large, expensive drones operating at high speeds and low altitude.

22. Counter-UAS

Management discussed lidar as a complement to existing counter-drone systems.

Matt described current systems as potentially using:

• microphones/acoustic sensing
• radar

He said radar may detect an object but struggle to distinguish a drone from something such as a flock of birds.

AEye believes lidar can provide:

• finer resolution
• better object discrimination
• longer-range identification of small targets

Pricing / Margins

23. Automotive ASPs

Management gave more specific automotive pricing guidance than usual.

Conor said that at meaningful automotive production volumes, lidar likely needs to be:

below $1,000 per sensor.

Matt later discussed approximately:

$500–$1,000

for automotive applications.

Lower-volume sampling units can command higher pricing.

24. Non-automotive ASPs can be much higher

Conor said non-automotive economics are very different.

Depending on the application, customers may purchase:

• lidar hardware
• software
• services
• customization

The combined solution can sometimes reach tens of thousands of dollars.

Management said its non-automotive pricing model is still evolving.

25. Defense sensor pricing can reach thousands to >$10,000

When asked directly about the price of STRATOS-type hardware for defense, Matt said defense applications can support:

• thousands of dollars per sensor
• potentially more than $10,000

depending on the application.

Matt also noted that some military customers are accustomed to paying hundreds of thousands of dollars for other military-grade sensing systems with extreme performance.

He did not say AEye intends to charge hundreds of thousands per lidar.

26. Aerospace/defense margins can exceed 60%

The moderator asked about ASPs and longer-term gross margins.

Conor said AEye has greater pricing power in high-performance verticals such as:

• aerospace
• defense

because customers are willing to pay for performance.

He said:

margins north of 60% are not unusual in those sectors.

Important clarification:

This was not a 60% gross-margin forecast for AEye overall.

27. Automotive margins will be more compressed

Immediately after discussing >60% margins in high-performance markets, Conor said automotive is different.

Automotive margins will be:

more compressed

especially when selling directly to OEMs.

So management clearly distinguished the economics of:

high-performance defense/aerospace

from:

high-volume automotive.

28. J.P. Morgan separately asked about pricing compression in defense

This was a second, separate discussion from the gross-margin question.

Later in the fireside chat, the moderator asked whether AEye is seeing:

pricing compression in defense as more lidar peers enter or focus on the market.

Matt said it depends on the use case.

In applications requiring combinations of:

• ~1-km range
• high frame rates
• high resolution

AEye believes it currently has strong differentiation.

Matt's answer regarding whether AEye is seeing pricing compression was:

“Not yet.”

and then:

“The answer is no.”

29. Conor said many defense customers are willing to pay a premium

Conor added that pricing is not the primary concern for many of these customers.

They are focused on solving a specific technical problem and can be willing to pay a premium for a solution that works.

OPTIS / Security / Infrastructure

30. OPTIS deployments

Matt discussed AEye's OPTIS solution.

He referenced systems deployed at intersections including:

• Detroit
• Bay Area

OPTIS combines lidar with compute/perception capabilities.

One use case is wide-area intersection monitoring.

Matt said a lidar-based solution can potentially replace several cameras in certain infrastructure applications.

31. Flasheye partnership

AEye identified Flasheye as a perception/software partner.

Applications discussed included:

• data-center security
• perimeter security
• border security

Management said lidar/perception systems can distinguish:

• humans
• animals
• vegetation
• other objects

in 3D.

32. Sensor fusion

AEye also discussed combining lidar with other sensors.

One example:

• lidar detects an object at long distance/in darkness
• system then hands the target to a camera
• camera zooms in for visual identification

Conor also said lidar can see through openings in structures such as chain-link fences in ways that can be difficult for some radar systems because of reflected clutter.

Customers / Commercialization

33. 25 revenue-generating customers

AEye's final slide states:

“Large customer pipeline, 25 revenue generating customers.”

Matt also said verbally:

25 customers are paying revenue today.

Management did not disclose:

• revenue per customer
• recurring volume per customer
• customer concentration
• number of customers already in production-scale programs

34. Four additional partners expanding market reach

The final slide also states:

“+4 partners that expand our market reach.”

Management said partnerships are helping AEye enter additional markets such as:

• defense
• security
• data centers
• other Physical AI applications

The fireside chat did not identify all four partners as one complete list.

35. Different sales channels for different industries

An audience member asked how STRATOS would be sold into applications such as drones.

Matt said AEye is a B2B company.

Depending on the market, customers or channels may include:

• OEMs
• system integrators
• defense primes
• Tier 1 suppliers

Automotive and trucking may involve more direct OEM relationships.

Defense and other markets may involve primes or systems integrators.

Longer-Term Business Model

36. Licensing could become important at very high automotive volumes

Conor said licensing is more of a longer-term opportunity.

Today, AEye primarily sells directly to customers.

But if automotive volumes eventually reach:

millions of units

AEye would likely work more heavily through Tier 1 suppliers and could:

pivot more toward a licensing model.

37. Why licensing fits the capital-light strategy

Conor said licensing could allow AEye to maintain:

• lower capital requirements
• lower manufacturing investment
• lower headcount
• lower operating costs
• potentially higher margins

while Tier 1 partners handle much of the high-volume industrialization/manufacturing role.

Balance Sheet / Capital

38. Management emphasized the balance sheet

AEye's final slide highlighted:

• strong cash position
• virtually debt-free balance sheet
• large customer pipeline
• liquidity runway into 2028

Management repeatedly tied the balance sheet to its capital-light model.

39. J.P. Morgan directly asked about financing a major contract

The moderator asked what would happen if AEye won a large contract requiring a significant increase in investment.

Conor said AEye does not intend to change its capital-light business model.

However, if there is a:

growth opportunity or growth catalyst

management would evaluate it and determine what it believes is in the best interests of:

• shareholders
• the company

40. Management did not promise “no dilution”

The answer should not be interpreted as a commitment that AEye will never raise additional capital.

Management reiterated its intention to remain capital-light while retaining flexibility to fund attractive growth opportunities if necessary.

AEye's closing positioning

Management summarized the company around three major themes:

Strong Differentiation

• extreme range
• software-defined sensing
• configurable performance
• simplified OEM packaging
• North American manufacturing capability

Solid Balance Sheet

• strong cash position
• virtually debt free
• customer pipeline
• 25 revenue-generating customers

Diverse Ecosystem

• NVIDIA integration
• additional partners
• expansion into defense, security, infrastructure and other Physical AI markets

Main factual takeaways from the conference

If I reduce the entire fireside chat to the most important new/clarified facts:

• Current manufacturing line is ready to ramp to 60K units/year
• AEye has North American manufacturing capability
• 25 customers are paying revenue today
• Defense was the largest revenue category in H1 2026
• Defense ASPs can be thousands to >$10K
• High-performance aerospace/defense applications can support >60% margins
• AEye says it is not yet seeing pricing compression in differentiated defense applications
• Automotive volume ASPs are expected around $500–$1,000 / below $1,000
• Automotive margins will be more compressed
• Apollo and STRATOS share >90% of the work
• AEye disclosed customer testing requiring 1,000g shock resilience
• Alive3D was won after fierce competition using AEye's 60-Hz capability
• NVIDIA's value is largely about reducing OEM integration/qualification friction
• At million-unit automotive scale, AEye could move increasingly toward Tier 1 + licensing
• Management remains committed to a capital-light model but retained flexibility to fund major growth opportunities

That is my complete summary of the major points discussed during the J.P. Morgan fireside chat.

Basically two phases: slides show with MF, and then Q/A with Matt/Conor:

1. In Automotive, Rivian R2 was taken as an example why Rivain argued lidars are needed / cited James Philbin Rivian's VP of Autonomy and AI
2. Fresh capitals for "L4 down" approach for robotaxi/trucking.
3. Supply chain resiliency: confirmed Lite-On can produce lidars in USA!
4. Confirmed Lite-On 60K line is ready and ready to scale/ramp
5. Hyperion integration: Agx Orgin and Agx Thor + Halos Safety Lab
6. Strong differentiation: easier OEM manufacturing + NA footprint + software defined (SDV of Lidars)
7. Current 4 partners expanding the market
8. Still Matt reminded the audience about things can't be disclosed...during Q/A.

On Q/A: the main relevant question to LIDR stockholder, is the ASP and margin - Conor mentioned somewhere about 60% margin or over on defense vertical. On the competing landscapes on Aeye's target markets/margin compression due to competition , Matt definitedly said "the answer is no" - meaning Aeye doesn't think anyone is competing with them - " as they can't - as my interpretation".

The hypothetical "share dilution" question - suppose Aeye now lands on a large contract and needs to step up on investment, if they will need to issue more stocks to dilute the shareholders: Conor reluctant to say yes as they operate the business with the capital light model blahblah - good.

The question on sensor fusion - Matt taking Flasheye as example, for security applications ongoing.

Thought it is a virtual conf

"Glad to be at the J.P. Morgan Auto Conference in New York this week! Matt Fisch will be participating in a fireside chat today at 2:20 PM ET to discuss AEye's software-defined lidar roadmap and commercial traction across key transportation and Physical AI markets.

A live audio webcast of the fireside chat will be available here: https://lnkd.in/gmXeT8jV "

========== Original News Release ===========

PLEASANTON, Calif.--(BUSINESS WIRE)-- AEye, Inc. (Nasdaq: LIDR), a global leader in software-defined, high-performance lidar solutions, today announced that CEO Matt Fisch will participate in a fireside chat at theJ.P. Morgan Auto Conference in New York on Wednesday, August 12, 2026, at2:20 PM ET.

A live audio webcast of the fireside chat will be available here: Fireside Chat

A replay and related investor materials will also be made available here: AEye Investor Relations Website

To request a meeting with AEye at the conference, which is running from Tuesday, August 12toWednesday, August 13, please contact your J.P. Morgan representative.

About AEye

AEye offers a suite of unique software-defined lidar solutions that address a wide range of real-world needs including advanced driver-assistance, vehicle autonomy, smart infrastructure, security, defense, and logistics applications. AEye’s flagship product, Apollo™, has been widely recognized for its small form factor and its ability to detect objects at up to one kilometer. In addition to Apollo™, AEye also offers STRATOS™ with the ability to detect objects at up to one-and-a-half kilometers as well as a full-stack solution through its OPTIS™ platform. OPTIS™ provides a complete system that captures a high-resolution 3D image of the world, interprets it, and provides direction to act upon what it sees in real-time.

AIGH/Worth (initiated) added over 3.8M shares! - to their portfolio (weighted about 0.35%) -overall trend of institutional ownership is up according to FINTEL up to today:

https://preview.redd.it/8e592dolimih1.png?width=2802&format=png&auto=webp&s=90435ba700d4ba963e7f4ce4210e044fb9844dfc

https://preview.redd.it/rdvmk4mmnkih1.png?width=2330&format=png&auto=webp&s=4de04e7ee35b54e79f972f1aec77e9f6f6a65081

13F-HR (Institutional investment manager holdings report) INFORMATION TABLE	2026-08-07	2026-06-30	AIGH Capital Management LLC

1. Exponential growth trends will continue: per CEO during earning call. ~900% yoy! 100% QoQ - of course the base is small. 1H/26 revenue>25 full year.
2. Very strong balance sheet: 71.5M cash remaining, beat our expectation of 69M, affirmed cash runway to 2028
3. No dilution needed near term: confirmed through earning release and 10Q: share count O/S no major changes found.
4. Commercialization: clearly progressing - and Q2 is the beginning of inflection point! This was confirmed in 10-Q: "During the first half of 2026, it experienced increased commercial traction that it believes “marks an inflection point in our transition from development toward commercialization**.” and we can sense several verticals Aeye Lidar sensors excel at. - Revenue inflection is expected to follow the trend accordingly.
5. Lite-On production: start to ramp up and the capacity utilization will be guided/gated by prospective 2H customer demand. - CEO/CFO earning calls confirmed this - and affirmed expenditure is expected and prepared for the production ramp up!
6. Multiple programs (possible across multiple verticals I guess) nearing deals in coming months: per CFO in earning calls - also this is the leading reason for production ramp per earning call!
7. Largest verticals spreading with geographical expansion: automotive, rail/train, trucking, defense, ITS, aviation/aerospace, security, sports, and other (potentially new) physical AI applications. APAC region expansions are still progressing along with EMEA - this is a risk management during commercialization process too!
8. Automotive going strong - but will be a long process
9. NVIDIA hyperion validation - great for future market penetration; Oh -on marketing/BD side, CFO/CEO mentioned: Previously Aeye has to look for customers, now customers finding Aeye for solutions. Smell somthing?
10. A great and confident team: CEO/CFO sounded very confident on what they are doing. Hope new CRO will make things better not worse.

==============

So through Q2 earning release/call and 10-K/10-Q, Aeye team demonstrated a clean executed Q2 and a great picture of future Aeye. Market now is in a difficult situation evaluating LIDR's EV. As an investor, I'm holding my long position untouched, and will continue to swing trade some if time allows and opportunities knock my door. I'm expecting LIDR could hit a minimum of $25/sh someday.

What to watch after Q2 earning: 1) scheduled 13G/13D 2) Analysts updates 3) Additional news/announcement from Aeye

===============

The biggest lessson for investment I learnt: a new investor on a new stock or holding a new stock, often missed the big picture of the business (or the stock you are holding) - and influenced by the general dynamics of market movement and business fluctuations/quarterly changes!

For Aeye/LIDR stock, the big picture is: someday, Aeye/LIDR stock reaches over $70/sh and market cap over 3B-6B. Do your math and evaluate the scenarios and business potentials and how the team is working towards the potentials, not the fluctuations of market. This is way I said LIDR is potentially a real 100X bagger!

Good luck to everyone!

AEVA, showing strongest commercialization momentum, and stock price up bigly

OUST: disappointing to many investors/analysts on the process of breakeven; Stock slipped after hours

LIDR: Strong executions on Q2, but not enough to get a re-rate, but generated high expectations on Q3/Q4 and early 27. Stock price is flat after hours - still a deep discount for new investors at this price point.

MVIS: missed almost everything, pray that their ATM dilutions can get to the finish line to survive a few more quarters - doomed for Ch11 sometime if not soon.

=========

Overall, LIDR is still the best candidate with a huge and potential asymmetric reward if Aeye progresses well in coming 1-3 quarters.

August 6, 2026

PDF Version

Q2 Revenue Approximately Doubled Sequentially and Grew Approximately Nine-Fold Year-Over-Year; First-Half Revenue Exceeds Full-Year 2025

Expands Industry Verticals via Groundbreaking Sports Analytics Agreement with Alive3D

Apollo™ Validated on NVIDIA DRIVE AGX Thor™, Placing AEye as a Sensor Partner in the NVIDIA DRIVE Hyperion Ecosystem

Lead Defense Customer Places Third Consecutive Purchase Order as Defense Remains AEye’s Most Active Vertical

PLEASANTON, Calif.--(BUSINESS WIRE)--Aug. 6, 2026-- AEye, Inc. (Nasdaq: LIDR), a global leader in software-defined, high-performance lidar solutions, today announced financial results for the second quarter ended June 30, 2026.

Business Highlights

• New Commercial Deal in New Vertical: Apollo’s™ software-defined architecture was critical to securing the win; it allows AEye to reconfigure scan patterns, range, and resolution to meet the distinct demands of sports analytics using the same underlying sensor platform.
  • Sports Analytics: Alive3D selected Apollo™ for next generation sports analytics. Apollo’s™ software-defined architecture will power 3D spatial sports visualization, precise measurement, and advanced data analytics for elite sports.
• Record Commercial Engagement: Commercial activity again reached its highest level in the Company’s history, with AEye now having 25 customers that have taken revenue-generating shipments – a 19% increase since the Company reported Q1 results in May 2026. Quarter-over-quarter, engagements and quotes increased over 25% and approximately 40%, respectively.
• NVIDIA Ecosystem: Apollo™ was validated on NVIDIA DRIVE AGX Thor™, deepening sensor‑to‑compute interoperability for next‑generation physical AI and automotive platforms.
• Defense Vertical Expansion: Defense remains AEye’s most active vertical, with engagements doubling quarter-over-quarter. The Company’s lead defense customer placed its third consecutive paid order this quarter, and repeat business is emerging as Apollo™ is evaluated for UAV, UGV and counter-UAS applications, while the partnership with SynTech continues to expand Apollo’s™ international reach.
• Automotive, Trucking, & OEM Momentum: AEye is active in multiple OEM Level 3 and Level 4 evaluations. AEye signed an MOU with MoveAWheeL to combine Apollo’s™ long-range 3D object detection with acoustic road-surface friction sensing, aimed at improving ADAS and autonomous driving performance in adverse weather. Evaluations are underway across select geographies, with discussions already advancing with automotive OEMs.
• ITS Deployment: OPTIS™ continues to move into deployment, with the Company’s live smart intersection in the Bay Area remaining operational, as well as multiple OPTIS™ installations in and around Detroit.

Management Commentary

“We set a new high bar for commercial activity in Q2, securing two new commercial deals and gaining increased traction within existing accounts and verticals,” said Matt Fisch, CEO of AEye. “As a company, we are hitting our stride. Revenue is up more than nine times year-over-year, and has increased for four consecutive quarters. New technical engagements, inbound RFIs, and POC activity across automotive, trucking, aerospace and defense, rail, infrastructure, ITS – and, new this quarter, sports analytics – are trending in the right direction. We believe every new vertical we enter validates the same underlying thesis: when performance and programmability matter most, Apollo™ wins.”

Fisch continued, “Our unique software-defined architecture allows our Apollo™ sensor to immediately meet demand for the continuous influx of new lidar applications we’re seeing as they appear in the market. Paired with the sensor’s long range, superior performance, and rugged design, our technological edge – maintained and expanded by our highly scalable partnership and production models – is such that we believe we are well equipped to compete for physical AI market share as the space rapidly develops into a trillion-dollar industry over the coming decade. For the remainder of 2026, our focus continues to be on leveraging our strengths to advance deployments and build a durable revenue ramp.”

Financial Highlights

• Q2 2026 revenue was $202 thousand, up approximately nine times the $22 thousand reported in Q2 2025, and approximately double compared to last quarter.
• GAAP net loss in Q2 2026 was $(10.0) million, or $(0.22) per share.
• Non-GAAP net loss in Q2 2026 was $(7.6) million, or $(0.17) per share.
• Cash consumption in Q2 2026 was $7.5 million.
• Cash, cash equivalents, and marketable securities were $71.5 million as of June 30, 2026.

“Second quarter results mark a transition in how our revenue is generated: from paid evaluations toward commercial agreements,” said Conor Tierney, CFO of AEye. “Revenue approximately doubled sequentially, first-half revenue already exceeds all of 2025, and repeat orders are now increasingly a feature of our business. Just as important, we generated revenue from our first contract development engagement in Q2, a second, distinct source of revenue that did not exist for us six months ago. With $71.5 million in cash and marketable securities and a virtually debt-free balance sheet, we believe we have the runway to execute multi-year commercial programs well into 2028.”

2026 Cash Consumption Outlook

The Company reaffirms its expectation that cash consumption for the full year 2026 will be in the range of $30 million to $35 million, inclusive of approximately $5 million in working capital. The Company expects its cash balance provides operational runway well into 2028.

Conference Call and Webcast Details

AEye management will webcast its investor conference call today, August 6, 2026, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these results. AEye CEO Matt Fisch and CFO Conor Tierney will host the call, followed by a question-and-answer session.

The webcast and accompanying slides will be accessible via the company’s website at https://investors.aeye.ai/.

Access is also available via:

Webcast: https://edge.media-server.com/mmc/p/tmd5jc68/

Suppose:

69M cash + 30M (existing OEM deal) + 10M others pipelines/and assets= 109M/46.3 = 2.35/sh as a baseline to me.

According to an Aeye "insider", LIDR should [expected to] reach somewhere $30-$65/sh range with a market cap around 1.5-3.5B market cap.

What Would a Truly Phenomenal Q2 Earnings Report Look Like for AEye?

AEye does not need to become profitable overnight for Q2 to be considered phenomenal. Because the company is coming from an extremely low revenue base, the most important question is whether AEye can finally demonstrate that its expanding pipeline is converting into commercial production and measurable revenue.

There are several ways this could happen.

1. A major revenue surprise

AEye reported only about $100,000 of revenue in Q1. Therefore:

• $500,000 of Q2 revenue would represent major sequential growth.
• $1 million would be roughly ten times Q1 revenue.
• $2 million or more would indicate a genuine commercial inflection.

Such a result could come from initial transportation OEM deployments, non-recurring engineering payments, defense shipments, OPTIS deployments, or multiple non-automotive customer orders.

However, investors would still need to determine whether the revenue is recurring product revenue or a one-time development payment.

2. The $30 million transportation OEM opportunity begins converting

The most powerful scenario would be confirmation that the previously discussed transportation OEM program has entered deployment.

A phenomenal update could include:

• Initial units already shipped
• Engineering or qualification milestones completed
• Firm purchase orders received
• H2 2026 deployment dates confirmed
• The full $30 million opportunity reaffirmed
• Meaningful program revenue expected during 2027

Even if Q2 revenue remains modest, concrete confirmation that this program has moved from evaluation into procurement could significantly change the investment thesis.

3. LITEON production readiness and utilization show real demand

This may be one of the most important disclosures in the entire report.

AEye previously indicated that the expanded Apollo production line at LITEON would support annual capacity of up to 60,000 units and reach full production capacity by mid-2026.

AEye may not be able to name customers due to confidentiality, but management should still be able to disclose aggregate manufacturing information, including:

• Whether the expanded line is fully commissioned
• Whether manufacturing qualification is complete
• Actual Q2 production volume
• Units shipped versus units held in inventory
• Current production run rate
• Capacity utilization
• Manufacturing yield
• Number of customer programs being supplied
• Whether production is backed by firm purchase orders
• Whether units are evaluation samples or commercial units
• Expected production growth during H2 2026

The key distinction is between capacity and utilization.

Saying that the line can produce 60,000 units annually only confirms manufacturing capability. It does not prove customer demand.

A much stronger disclosure would be: The LITEON line is fully commissioned, producing commercial units against customer orders, and utilization increased materially during Q2.

That would indicate that Apollo is manufacturable at scale, customer programs are converting, and AEye’s capital-light manufacturing model is beginning to work.

4. Non-automotive programs scale faster than expected

AEye may generate meaningful revenue before automotive production ramps.

Potential contributors include:

• Defense
• Intelligent transportation systems
• Rail
• Airport and perimeter security
• Autonomous trucking
• Sports analytics
• International distributors
• Infrastructure deployments

A multi-unit defense order, funded OPTIS deployment, distributor stocking order, or several repeat purchases could produce a substantial revenue increase without an automotive production award.

The strongest evidence would be repeat orders rather than one-time evaluation shipments.

5. Positive gross margin appears

Revenue growth alone would not be enough if every additional sensor continues to generate a gross loss.

A phenomenal Q2 could show:

• Positive gross margin
• Near-breakeven gross profit
• Improved manufacturing yield
• Lower unit production cost
• Better average selling prices
• Higher-margin software, integration, or engineering revenue

A $600,000 quarter with positive gross margin could be more meaningful than a $1 million quarter with another large gross loss.

6. Cash burn improves materially

AEye previously guided to approximately $30–35 million of 2026 cash burn.

A strong result could include:

• Q2 cash burn below $6–7 million
• Full-year burn guidance reduced
• Cash runway extended further into 2028 or 2029
• Operating expenses remaining controlled while commercial activity grows

However, investors must distinguish operational improvement from financing activity.

A higher cash balance caused by selling additional shares would not represent better business performance. Share-count growth and ATM usage must therefore be reviewed carefully.

7. Ordinary Q2 numbers, but extraordinary forward guidance

This may be the most realistic route to a phenomenal market reaction.

AEye could report only $200,000–$500,000 of Q2 revenue but provide new disclosures such as:

• Firm H2 2026 orders
• Contracted backlog
• Scheduled production quantities
• Thousands of units expected over the next 12 months
• Formal H2 revenue guidance
• Preliminary 2027 revenue guidance
• A named production award
• Confirmation that commercial production has started

For example, guidance indicating several million dollars of H2 2026 revenue and low tens of millions in 2027 would be far more important than a small Q2 EPS beat.

8. A material post-quarter order or production award

AEye could also announce a major commercial development that occurred after June 30, including:

• A production contract
• A firm purchase order
• A strategic investment
• A defense award
• A transportation deployment
• A new OEM or Tier 1 program
• A customer prepayment
• A commercial agreement connected to the NVIDIA ecosystem

Such an announcement would not improve Q2 revenue, but it could significantly improve future revenue visibility.

What I would personally classify as phenomenal

A truly phenomenal report would include several of the following:

• Revenue above $750,000–$1 million
• Positive or near-positive gross margin
• Cash burn below $7 million
• LITEON line fully commissioned
• Commercial units being produced
• Production backed by firm customer demand
• Transportation OEM opportunity reaffirmed
• Firm H2 orders or deployments
• Numerical 2026 or 2027 revenue guidance
• Minimal dilution during Q2

The strongest possible combination would be:

Revenue increased sharply, gross margin improved, cash burn remained controlled, the LITEON line entered commercial production, and management provided measurable evidence that customer programs are converting into scheduled orders.

That would allow the market to begin valuing AEye as an emerging commercial lidar company rather than a permanently pre-revenue technology project.

The main question for the earnings release is therefore not simply whether EPS beats expectations.

It is:

Does AEye provide measurable evidence—production volume, utilization, firm orders, backlog, scheduled deployments, or numerical guidance—that its commercial pipeline is finally converting?

Aeva Reports Second Quarter 2026 Results

August 5, 2026

PDF VersionPDF

Launched Optical Connectivity Business with First Customer Agreement Signed for a Major Hyperscaler Deployment

Continued Expansion in Automotive with Bendix Selecting Aeva to Develop the Next-gen of its Market-Leading Commercial Vehicle ADAS Solution

SICK Launched its First Industrial Sensor Powered by Aeva’s Eve Precision Technology and Awarded Aeva 2026 Supplier of the Year for Innovation and Collaboration

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aug. 5, 2026-- Aeva® (Nasdaq: AEVA), a leader in next-generation sensing and perception systems, today announced its second quarter 2026 results.

Key Company Highlights

• Launched Optical Connectivity business, using Aeva’s proprietary high-power optical source technology for next-generation AI data centers.
• Signed joint development agreement with major customer to use Aeva’s high-power optical source technology in a Near-Packaged Optics (NPO) solution for a hyperscaler with initial deployment targeted for second-half 2027 and production ramp targeted for 2028
• Commercial vehicle ADAS leader Bendix selected Aeva’s 4D LIDAR and perception software for development of the next generation of its ADAS solution available on most major Class 8 truck platforms in North America
• Continued to achieve milestones for key automotive programs, including Daimler Truck, top 10 European passenger OEM and NVIDIA DRIVE Hyperion, and advance on additional opportunities for passenger vehicle and commercial vehicle applications
• SICK launched its first Eve powered sensor for industrial sensing applications as part of a strategic collaboration to scale Aeva’s technology across its product portfolio and also named Aeva its 2026 Supplier of the Year for Innovation and Collaboration
• Strengthened balance sheet with $115M follow-on offering to further position Aeva to accelerate growth

“With the launch of Optical Connectivity, Aeva is expanding into another new market where we can leverage our proprietary photonics technology developed over the past decade to enable next-generation AI data centers,” said Soroush Salehian, Co-founder and CEO at Aeva. “It demonstrates how Aeva’s differentiated technology continues to open vast opportunities beyond traditional sensing, and we are off to a strong start with a first customer agreement already signed. Beyond this, we continue to make good progress on existing customers programs, securing additional opportunities across multiple markets and scaling manufacturing to meet the growing demand for Aeva’s technology.”

Second Quarter 2026 Financial Highlights

• Total Available Liquidity
  • Total available liquidity of $302.9 million as of June 30, 2026, consisting of $177.9 million in cash, cash equivalents and marketable securities and $125.0 million in an available facility
• Revenue
  • Revenue of $6.1 million in Q2 2026, compared to revenue of $5.5 million in Q2 2025
• GAAP and Non-GAAP Operating Loss*
  • GAAP operating loss of $34.6 million in Q2 2026, compared to GAAP operating loss of $34.9 million in Q2 2025
  • Non-GAAP operating loss of $26.0 million in Q2 2026, compared to non-GAAP operating loss of $25.1 million in Q2 2025
• GAAP and Non-GAAP Net Loss per Share*
  • GAAP net loss per share of $1.23 in Q2 2026, compared to GAAP net loss per share of $3.49 in Q2 2025
  • Non-GAAP net loss per share of $0.41 in Q2 2026, compared to non-GAAP net loss per share of $0.44 in Q2 2025
• Shares Outstanding
  • Weighted average shares outstanding of 64.7 million in Q2 2026

*Tables reconciling GAAP to non-GAAP measures are provided at the end of this release.

CFO Transition

Following six years of service with the company, CFO Saurabh Sinha will be moving on from Aeva to pursue a new opportunity outside of the sensing industry on September 5, 2026. The company has already initiated a search for a permanent successor and will announce the appointment once finalized.

Rupesh Maheshwari, Aeva’s VP Corporate Controller will serve as Interim CFO following Mr. Sinha’s departure. Mr. Maheshwari, has served as the Company’s VP Corporate Controller, since joining the company in December 2025. He brings more than 20 years of finance leadership experience, having previously held leadership roles at Waabi, Covariant, Logitech and Fundbox. Mr. Sinha will work closely with Mr. Maheshwari to ensure a seamless transition during this period.

Conference Call Details

Aeva will host a conference call and live webcast to discuss results at 2:00 p.m. PT / 5:00 p.m. ET today, August 5, 2026. The live webcast and replay can be accessed at investors.aeva.com.

About Aeva Technologies, Inc. (Nasdaq: AEVA)

Aeva’s mission is to bring the next wave of perception to a broad range of applications from automated driving, manufacturing automation and smart infrastructure, to robotics and consumer devices. Aeva is accelerating autonomy with its groundbreaking perception platform that integrates lidar-on-chip technology, system-on-chip processing, and perception algorithms onto silicon leveraging silicon photonics. Aeva 4D LiDAR sensors uniquely detect velocity and position simultaneously, allowing automated devices like vehicles and robots to make more intelligent and safe decisions. For more information, visit www.aeva.com, or connect with us on X or LinkedIn.

Aeva, the Aeva logo, Aeva 4D LiDAR, Aeva Atlas, Aeries, Aeva Eve, Aeva Omni, Aeva CityOS, Aeva Ultra Resolution, Aeva CoreVision, and Aeva X1 are trademarks/registered trademarks of Aeva, Inc. All rights reserved. Third-party trademarks are the property of their respective owners.

Forward looking statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. These forward-looking statements include, but are not limited to expectations about product development, product features, performance, the timing of production, and market adoption. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to: (i) the fact that Aeva is an early stage company with a history of operating losses and may never achieve profitability, (ii) Aeva’s limited operating history, (iii) Aeva’s ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities, (iv) the timing of any orders for the Company’s solutions, which will not be under our control, (v) the risk that automotive OEMs may not pursue or adopt the platform as currently anticipated, if at all, (vi) the risk that markets will not accept products of automotive OEMs or of manufacturers in other industries that use our technologies, (vii) the risk that additional markets will not be receptive to Aeva’s technology, (viii) the risk that new customer contracts will not result in commercial scale shipments, (ix) supply chain and manufacturing issues, (x) unforeseen errors or defects, (xi) market acceptance of LiDAR technology and autonomous driving, (xii) general economic conditions, including tariffs, and other material risks and other important factors that could affect our financial results. Please refer to our filings with the SEC, including our most recent Quarterly Reports on Form 10-Q and our most recent Annual Report on Form 10-K. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Aeva assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Aeva does not give any assurance that it will achieve its expectations.

Non-GAAP Information

In addition to our financial results determined in accordance with U.S. GAAP, we present non-GAAP operating loss and non-GAAP net loss per share. “Non-GAAP operating loss” is defined as GAAP operating loss before stock-based compensation and loss on joint development agreement. “Non-GAAP net loss per share” is defined as non-GAAP net loss divided by weighted average shares outstanding, basic and diluted. “Non-GAAP net loss” is defined as GAAP net loss before stock-based compensation, loss on joint development agreement, change in fair value of warrant liabilities and fair value loss on share subscription liability.

We believe that non-GAAP operating loss and non-GAAP net loss per share, when taken together with the corresponding U.S. GAAP financial measures, provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our core business, results of operations, or outlook. We consider non-GAAP operating loss and non-GAAP net loss per share to be important measures because they help illustrate underlying trends in our business and our historical operating performance on a more consistent basis.

However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool, and should not be considered in isolation or as a substitute for financial information presented in accordance with U.S. GAAP. Non-GAAP financial measures have limitations, including that they exclude certain expenses that are required under GAAP, which adjustments reflect the exercise of judgment by management. In addition, other companies, including companies in our industry, may calculate similarly-titled non-GAAP financial measures or ratios differently or may use other financial measures or ratios to evaluate their performance, all of which could reduce the usefulness of non-GAAP operating loss and non-GAAP net loss per share as tools for comparison. Reconciliations are provided at the end of this release to the most directly comparable financial measures in accordance with U.S. GAAP. Investors are encouraged to review our U.S. GAAP financial measures and not to rely on any single financial measure to evaluate our business.

AEVA TECHNOLOGIES, INC.
Condensed Consolidated Balance Sheets
(Unaudited)
(In thousands)
Assets
Current assets
Cash and cash equivalents
Marketable securities
Accounts receivable, net
Inventories
Other current assets
Total current assets
Operating lease right-of-use assets
Property, plant and equipment, net
Intangible assets, net
Other noncurrent assets
Total assets
Liabilities and stockholders’ equity
Current liabilities
Accounts payable
Accrued liabilities
Accrued employee costs
Lease liability, current portion
Other current liabilities
Total current liabilities
Lease liability, noncurrent portion
Convertible notes
Warrant liabilities
Total liabilities
Stockholders’ equity
Common stock
Additional paid-in capital
Accumulated other comprehensive loss
Accumulated deficit
Total stockholders’ equity (deficit)
Total liabilities and stockholders’ equity

AEVA TECHNOLOGIES, INC.
Condensed Consolidated Statements of Operations
(Unaudited)
(In thousands, except share and per share data)
Revenues:
Product
Professional service
Total revenues
Cost of revenues:
Product ^((1))
Professional service ^((1))
Total cost of revenues
Gross profit
Operating expenses:
Research and development expenses ^((1))
General and administrative expenses ^((1))
Selling and marketing expenses ^((1))
Total operating expenses
Loss from operation
Interest income
Change in fair value of warrant liabilities
Fair value loss on share subscription liability
Interest expense
Other income, net
Net loss before taxes
Income tax provision
Net loss
Net loss per share
Basic and diluted
Weighted-average shares used in computing net loss per share
Basic and diluted
^((1)) Includes stock-based compensation as follows:
Cost of revenues
Research and development expenses
General and administrative expenses
Selling and marketing expenses
Total stock-based compensation expense

AEVA TECHNOLOGIES, INC.
Condensed Consolidated Statements of Cash Flows
(Unaudited)
(In thousands)
Cash flows from operating activities:
Net loss
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
Loss on joint development agreement
Impairment of inventories
Issuance of shares for Convertible note interest payment
Change in fair value of warrant liabilities
Fair value loss on share subscription liability
Stock-based compensation
Amortization of right-of-use assets
Amortization of premium and accretion of discount on available-for-sale securities, net
Accretion of convertible notes issuance cost
Changes in operating assets and liabilities:
Accounts receivable, net
Inventories
Other current assets
Other noncurrent assets
Accounts payable
Accrued liabilities
Accrued employee costs
Lease liability
Other current liabilities
Other noncurrent liabilities
Net cash used in operating activities
Cash flows from investing activities:
Purchase of property, plant and equipment
Purchase of available-for-sale securities
Proceeds from maturities of available-for-sale securities
Net cash (used in) provided by investing activities
Cash flows from financing activities:
Proceeds from issuance of common stock in connection with public offering
Transaction costs related to issuance of common stock
Proceeds from equity-related funding in connection with the JDA
Payments of taxes withheld on net settled vesting of restricted stock units
Transaction costs related to issuance of convertible notes
Proceeds from exercise of stock options
Net cash provided by (used in) financing activities
Net decrease in cash and cash equivalents
Beginning cash and cash equivalents
Ending cash and cash equivalents

AEVA TECHNOLOGIES, INC.
Reconciliation of GAAP to Non-GAAP Operating Results
(Unaudited)
(In thousands, except share and per share data)
Reconciliation from GAAP to non-GAAP operating loss
GAAP operating loss
Stock-based compensation
Loss on joint development agreement
Non-GAAP operating loss
Reconciliation from GAAP to non-GAAP net loss
GAAP net loss
Stock-based compensation
Loss on joint development agreement
Change in fair value of warrant liabilities
Fair value loss on share subscription liability
Non-GAAP net loss
Reconciliation between GAAP and non-GAAP net loss per share
Shares used in computing GAAP net loss per share:
Basic and diluted
GAAP net loss per share
Basic and diluted
Stock-based compensation
Loss on joint development agreement
Change in fair value of warrant liabilities
Fair value loss on share subscription liability
Non-GAAP net loss per share
Basic and Diluted

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260805379581/en/

Media:
Michelle Chang
press@aeva.ai

Investors:
Andrew Fung
investors@aeva.ai

Source: Aeva Technologies, Inc.

AEye Announces Apollo Lidar Sensor Validated On NVIDIA DRIVE AGX Thor, Joining NVIDIA DRIVE Hyperion Ecosystem As Pre-Qualified Sensor For OEMs - from TOS news feed

https://preview.redd.it/p2piz4fb8khh1.png?width=1525&format=png&auto=webp&s=42af0e30375b4288d2a85dda29eb3625dec05e4c

August 5, 2026

PDF Version

Validation deepens AEye's collaboration with NVIDIA as the company continues to advance its next-generation transportation roadmap

PLEASANTON, Calif.--(BUSINESS WIRE)--Aug. 5, 2026-- AEye, Inc. (Nasdaq: LIDR), a global leader in software-defined, high-performance lidar solutions, today announced that its flagship Apollo™ lidar sensor has been validated on NVIDIA DRIVE AGX Thor™, the compute platform anchoring the next generation of NVIDIA-native autonomous vehicles and physical AI systems.

“This technical milestone is a significant statement about AEye’s increasingly favorable competitive position to address the large next-generation transportation market opportunity,” said Matt Fisch, AEye CEO and Chairman. “OEMs are consolidating around platforms like NVIDIA DRIVE AGX Thor™, and being validated on it puts us squarely in the conversations that matter for the next generation of autonomous platforms. It reflects the credibility we've built with NVIDIA and reinforces the confidence transportation-focused customers can have in AEye as a long-term sensing partner.”

“Our work with NVIDIA now spans two of NVIDIA’s flagship automotive compute platforms, along with our membership in the NVIDIA Halos AI Systems Inspection Lab, a program that inspects partner products against a unified set of functional safety, cybersecurity, AI safety, and regulatory requirements,” continued Mr. Fisch. “This track record positions AEye among a select group of lidar companies that have proven they can operate at the technical standard OEMs are converging on. As a result, our commercial pipeline opportunity continues to gain momentum.”

Apollo™ is validated on NVIDIA DRIVE AGX Thor™, and with sensor-to-compute interoperability confirmed against NVIDIA DriveOS, placing AEye as a sensor partner in the NVIDIA DRIVE Hyperion Ecosystem. OEMs and Tier 1 suppliers building on the NVIDIA DRIVE platform can source Apollo™ as a pre-qualified sensor, reducing integration risk and shortening the path from system design to deployment.

About AEye

AEye offers a suite of unique software-defined lidar solutions that address a wide range of real-world needs including advanced driver-assistance, vehicle autonomy, smart infrastructure, security, defense, and logistics applications. AEye’s flagship product, Apollo™, has been widely recognized for its small form factor and its ability to detect objects at up to one kilometer. In addition to Apollo™, AEye also offers STRATOS™ with the ability to detect objects at up to one-and-a-half kilometers as well as a full-stack solution through its OPTIS™ platform. OPTIS™ provides a complete system that captures a high-resolution 3D image of the world, interprets it, and provides direction to act upon what it sees in real-time.

Forward-Looking Statements

Certain statements included in this press release that are not historical facts are forward-looking statements within the meaning of the federal securities laws, including the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are sometimes accompanied by words such as “believe,” “continue,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “predict,” “plan,” “may,” “should,” “will,” “would,” “potential,” “seem,” “seek,” “outlook,” and similar expressions that predict or indicate future events or trends, or that are not statements of historical matters. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Forward-looking statements in this press release include, without limitation, statements about the benefits anticipated to result from the validation of Apollo™ on NVIDIA DRIVE AGX Thor™ and from AEye’s broader collaboration with NVIDIA, AEye’s competitive position in the next-generation transportation market, the anticipated consolidation of OEMs around next-generation compute platforms, the benefits anticipated from AEye’s participation in the NVIDIA DRIVE Hyperion Ecosystem and the NVIDIA Halos AI Systems Inspection Lab, the momentum of AEye’s commercial pipeline opportunity, and the ability of OEMs and Tier 1 suppliers to source Apollo™ as a pre-qualified sensor with reduced integration risk and a shortened path from system design to deployment. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by an investor as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are very difficult or impossible to predict and will differ from the assumptions. Many actual events and circumstances are beyond the control of AEye. Many factors could cause actual future events to differ from the forward-looking statements in this press release, including but not limited to: (i) the risks that the validation of Apollo™ on NVIDIA DRIVE AGX Thor™, or AEye’s broader collaboration with NVIDIA, may not yield the benefits to AEye to the extent or in the time frame anticipated, or at all; (ii) the risks that the validation, sensor-to-compute interoperability with NVIDIA DriveOS, or AEye’s participation in the NVIDIA DRIVE Hyperion Ecosystem may not result in customer engagements, design wins, definitive agreements, or commercial relationships with OEMs or Tier 1 suppliers, or otherwise contribute to AEye’s commercial pipeline, to the extent anticipated, or at all; (iii) the risks that OEMs may not consolidate around NVIDIA DRIVE AGX Thor™ or similar compute platforms to the extent anticipated, or at all, or that OEMs and Tier 1 suppliers building on such platforms may select sensing solutions other than Apollo™; (iv) the risks that sourcing Apollo™ as a pre-qualified sensor may not reduce integration risk or shorten the path from system design to deployment to the extent anticipated, or at all; (v) the risks that AEye’s participation in the NVIDIA Halos AI Systems Inspection Lab may not yield the anticipated benefits, or that AEye’s products may not continue to satisfy the functional safety, cybersecurity, AI safety, or regulatory requirements against which partner products are inspected; (vi) the risks that Apollo™ may not deliver long-range, real-time 3D perception performance to the extent anticipated, or at all, or that changes to NVIDIA’s platforms, requirements, or ecosystem programs may adversely affect Apollo’s™ validated status or interoperability; (vii) the risks that lidar adoption may occur slower than anticipated or fail to occur at all; (viii) the risks that AEye’s products may not meet the diverse range of performance and functional requirements of target markets and customers; (ix) the risks that AEye’s products may not function as anticipated by AEye, or by target markets and customers; (x) the risks that AEye may not be in a position to adequately or timely address either the near or long-term opportunities that may or may not exist in the evolving autonomous transportation industry; (xi) the risks that laws and regulations are adopted impacting the use of lidar that AEye is unable to comply with, in whole or in part; (xii) the risks associated with changes in competitive and regulated industries in which AEye operates, variations in operating performance across competitors, and changes in laws and regulations affecting AEye’s business; (xiii) the risks that AEye is unable to adequately implement its business plans, forecasts, and other expectations, and identify and realize additional opportunities; and (xiv) the risks of economic downturns and a changing regulatory landscape in the highly competitive and evolving industry in which AEye operates. These risks and uncertainties may be amplified by current or future global conflicts and current and potential trade restrictions, trade tensions, and tariffs, all of which continue to cause economic uncertainty. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the periodic report that AEye has most recently filed with the U.S. Securities and Exchange Commission, or the SEC, and other documents filed by us or that will be filed by us from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made.

Investors are cautioned not to put undue reliance on forward-looking statements; AEye assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. AEye gives no assurance that AEye will achieve any of its expectations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260805256643/en/

Investor Relations
AEye, Inc. Investor Relations
info@aeye.ai
925-400-4366

Keaton Olsen
lidrir@allianceadvisors.com

Media Relations
Alliance Advisors IR
Aayushi
media@allianceadvisors.com

Source: AEye

August 4, 2026

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AEye and Alive3D partner to bring AEye’s software-defined Apollo™ lidar sensor to Alive3D’s platform, delivering 3D spatial sports visualization, precise measurement, and advanced data analytics.

PLEASANTON, Calif.--(BUSINESS WIRE)--Aug. 4, 2026-- AEye, Inc. (Nasdaq: LIDR), a leader in adaptive, high-performance lidar, today announced a partnership with Alive3D, an innovative sports and entertainment technology company. Alive3D is integrating AEye’s Apollo™ lidar as a foundational sensing component within its platform, addressing a longstanding industry challenge: accurately capturing and analyzing live sports in true three dimensions, with the spatial precision of lidar rather than relying solely on cameras. Apollo’s™ software-defined architecture allows sensing performance to be optimized for demanding applications, enabling Alive3D to deliver next-generation 3D spatial sports visualization, precise measurement, and advanced data analytics that would be difficult to achieve with conventional fixed-function sensors. The relationship demonstrates how software-defined perception is uniquely capable of expanding beyond transportation into new, high-growth markets where machines interact with and understand complex real-world environments.

Apollo’s™ software-defined architecture allows customers to tailor sensing performance for entirely new use cases, making it possible to optimize perception for elite sports without redesigning hardware. Alive3D is deploying the solution with proof-of-concept programs underway in Europe. AEye believes this collaboration highlights the expanding commercial potential of its lidar technology in new, high-growth markets while supporting customers building category-defining solutions.

“This opportunity demonstrates exactly why software-defined lidar matters,” said Matt Fisch, Chairman and CEO of AEye. “Alive3D needed a sensing platform that could be optimized for a demanding application, and Apollo™ delivered. In this instance, we are synchronizing multiple lidar units to cover a vast area simultaneously from different perspectives. As Physical AI expands into new markets, we’re seeing growing demand for perception systems that can adapt to the application rather than forcing the application to adapt to the sensor.”

“We have created a tectonic shift in how sports are captured, analyzed and engaged with,” said Raymie Marchak, Co-Founder and CEO of Alive3D. “AEye’s software-defined lidar lets us shape the sensor around what our platform needs instead of adapting our platform to the sensor. That control at the point of capture makes deterministic real world 3D spatial intelligence possible and forms the foundation for the insight we want to put in the hands of teams, leagues, broadcasters and fans.”

About AEye

AEye offers a suite of unique software-defined lidar solutions that address a wide range of real-world needs including advanced driver-assistance, vehicle autonomy, smart infrastructure, security, defense, and logistics applications. AEye’s flagship product, Apollo™, has been widely recognized for its small form factor and its ability to detect objects at up to one kilometer. In addition to Apollo™, AEye also offers STRATOS™ with the ability to detect objects at up to one-and-a-half kilometers as well as a full-stack solution through its OPTIS™ platform. OPTIS™ provides a complete system that captures a high-resolution 3D image of the world, interprets it, and provides direction to act upon what it sees in real-time.

Forward-Looking Statements

Certain statements included in this press release that are not historical facts are forward-looking statements within the meaning of the federal securities laws, including the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are sometimes accompanied by words such as “believe,” “continue,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “predict,” “plan,” “may,” “should,” “will,” “would,” “potential,” “seem,” “seek,” “outlook,” and similar expressions that predict or indicate future events or trends, or that are not statements of historical matters. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Forward-looking statements in this press release include, without limitation, statements about the benefits anticipated to result from the collaboration between AEye and Alive3D, the performance expectations associated with the integration of AEye’s Apollo™ lidar into Alive3D’s platform, the enablement of next-generation 3D spatial sports visualization, precise measurement, and advanced data analytics, and the expansion of software-defined perception and Physical AI into new, high-growth markets beyond transportation. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by an investor as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are very difficult or impossible to predict and will differ from the assumptions. Many actual events and circumstances are beyond the control of AEye. Many factors could cause actual future events to differ from the forward-looking statements in this press release, including but not limited to: (i) the risks that the engagement with Alive3D may not yield the benefits to AEye to the extent or in the time frame anticipated, or at all; (ii) the risks that AEye’s Apollo™ may not integrate with, or perform as a foundational sensing component within, Alive3D’s platform to the extent anticipated, or at all; (iii) the risks that the combination of AEye’s and Alive3D’s technologies may not yield the benefits of next-generation 3D spatial sports visualization, precise measurement, or advanced data analytics, or capabilities exceeding those of conventional fixed-function sensors, to the extent anticipated, or at all; (iv) the risks that Alive3D’s proof-of-concept programs may not be completed successfully, or may not result in commercial deployments, definitive agreements, or a sustained commercial relationship between AEye and Alive3D; (v) the risks that Apollo’s™ software-defined architecture may not enable sensing performance to be optimized for demanding applications, including the synchronization of multiple lidar units across large areas from multiple perspectives, to the extent anticipated, or at all; (vi) the risks that adoption of lidar in sports and entertainment applications, or in other markets beyond transportation, may occur slower than anticipated or fail to occur at all; (vii) the risks that AEye’s products may not meet the diverse range of performance and functional requirements of target markets and customers; (viii) the risks that AEye’s products may not function as anticipated by AEye, or by target markets and customers; (ix) the risks that AEye may not be in a position to adequately or timely address either the near or long-term opportunities that may or may not exist in the evolving markets for lidar and perception technologies; (x) the risks that laws and regulations are adopted impacting the use of lidar that AEye is unable to comply with, in whole or in part; (xi) the risks associated with changes in competitive and regulated industries in which AEye operates, variations in operating performance across competitors, and changes in laws and regulations affecting AEye’s business; (xii) the risks that AEye is unable to adequately implement its business plans, forecasts, and other expectations, and identify and realize additional opportunities; and (xiii) the risks of economic downturns and a changing regulatory landscape in the highly competitive and evolving industry in which AEye operates. These risks and uncertainties may be amplified by current or future global conflicts and current and potential trade restrictions, trade tensions, and tariffs, all of which continue to cause economic uncertainty. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the periodic report that AEye has most recently filed with the U.S. Securities and Exchange Commission, or the SEC, and other documents filed by us or that will be filed by us from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made.

Investors are cautioned not to put undue reliance on forward-looking statements; AEye assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. AEye gives no assurance that AEye will achieve any of its expectations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260804435487/en/

[TOS data this morning] This number has been hanging around 0.6-0.8M for almost a year! So the big bad guy behind the scene manipulating LIDR stock price, finally, sounds like de-risking his actions!