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AEye Inc
(NASDAQ:LIDR)
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Rating:48Neutral
Price Target:
$0.98
▼(-20.08% Downside)
Action:Reiterated
Date:09/16/26
The score is held down primarily by weak financial performance—deep unprofitability and substantial ongoing cash burn—despite a low-debt balance sheet. Technicals also lean negative with the stock trading below key moving averages. These are partially offset by a relatively upbeat earnings call pointing to accelerating (but still small) revenue and pipeline progress, plus corporate updates that add commercial credibility but introduce dilution risk via the new ATM facility.
Positive Factors
Commercial Traction
Rapid year-over-year growth and a larger proof-of-concept base indicate improving customer adoption of AEye’s lidar systems. If evaluations continue converting into paid deployments, the expanding program base could support a more durable revenue ramp over the next several quarters.
Negative Factors
Persistent Cash Burn
Large operating and free-cash-flow deficits show that AEye is not yet funding its activities through internally generated cash. Continued burn increases dependence on existing liquidity or external financing, potentially constraining investment choices as manufacturing and commercialization expand.
Read all positive and negative factors
Positive Factors
Negative Factors
Commercial Traction
Rapid year-over-year growth and a larger proof-of-concept base indicate improving customer adoption of AEye’s lidar systems. If evaluations continue converting into paid deployments, the expanding program base could support a more durable revenue ramp over the next several quarters.
Read all positive factors
AEye Inc (LIDR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$46.39M
Dividend YieldN/A
Average Volume (3M)555.05K
Price to Earnings (P/E)―
Beta (1Y)2.30
Revenue Growth90.68%
EPS Growth70.00%
CountryUS
Employees56
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.87
Shares Outstanding46,672,170
10 Day Avg. Volume620,165
30 Day Avg. Volume555,050
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.86
Price to Sales (P/S)298.97
P/FCF Ratio-2.50
Enterprise Value/Market Cap-0.08
Enterprise Value/Revenue-8.66
Enterprise Value/Gross Profit8.40
Enterprise Value/Ebitda0.11
Forecast
1Y Price Target
$3.50Price Target Upside184.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.67
Revenue Forecast (FY)$1.88M
AEye Inc Business Overview & Revenue Model
Company Description
AEye, Inc., headquartered in Dublin, California, and founded in 2013, is a prominent supplier of lidar systems. The company's technology supports a range of critical applications including autonomous vehicles, advanced driver-assistance systems (A...
How the Company Makes Money
AEye generates revenue primarily by selling lidar-related products and by performing engineering and development work for customers. Key revenue streams include: (1) Sales of lidar hardware units and associated components to customers evaluating, ...
AEye Inc Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The tone of the call is constructive and momentum-driven: management reported strong percentage revenue growth, a deepening pipeline with increasing customer engagement, repeat orders in defense, a commercial win with Alive3D and technical validations (NVIDIA), and a manufacturing ramp plan. Offsetting factors include still-small absolute revenue, widening operating losses driven by investment and stock-based compensation, declining cash balances with significant planned H2 spending, and long sales cycles/concentration in defense. On balance, commercial progress and partnership/validation milestones materially outweigh near-term financial headwinds.Positive Updates
Strong Revenue Growth
Q2 revenue of $202,000 (approximately 9x year-over-year, ~800% YoY) and roughly 100% quarter-over-quarter growth (Q1 $101,000). First half 2026 revenue of $303,000 already exceeds full-year 2025 revenue of $233,000.
Negative Updates
Absolute Revenue Still Small
Despite very large percentage increases, absolute Q2 revenue remains modest at $202,000 and the business is still early-stage with limited current top-line scale.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Revenue Growth
Q2 revenue of $202,000 (approximately 9x year-over-year, ~800% YoY) and roughly 100% quarter-over-quarter growth (Q1 $101,000). First half 2026 revenue of $303,000 already exceeds full-year 2025 revenue of $233,000.
Read all positive updates
Company Guidance
AEye reaffirmed its 2026 cash-use outlook of $30–$35 million (including roughly $5 million in working capital), reported Q2 cash consumption of $7.5M (vs. $9.2M in Q1) and cash, cash equivalents and marketable securities of ~$71.5M (down from $77.2M at Q1 end), and said it will ramp manufacturing in H2—drawing more cash—to meet demand with a production line capable of up to 60,000 Apollo units annually; the company aims to sustain strong quarter‑over‑quarter revenue growth (Q2 revenue $202K, ~2x Q1 $101K and ~9x YoY) as proof‑of‑concept programs rose to 25 (from 21) and engagements and quote activity increased ~25% and ~40% QoQ, while reiterating its expectation for a meaningful 2026 revenue inflection without outspending competitors.AEye Inc Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 450.00K | 233.00K | 202.00K | 1.46M | 3.65M | 3.01M |
| Gross Profit | -464.00K | -321.00K | -576.00K | -13.86M | -5.08M | -630.00K |
| EBITDA | -34.76M | -31.48M | -35.73M | -76.28M | -96.46M | -61.45M |
| Net Income | -35.04M | -33.96M | -35.46M | -87.13M | -98.71M | -65.01M |
Balance Sheet | ||||||
| Total Assets | 76.58M | 90.89M | 27.12M | 54.32M | 133.34M | 186.15M |
| Cash, Cash Equivalents and Short-Term Investments | 71.50M | 86.46M | 22.28M | 36.52M | 94.20M | 164.01M |
| Total Debt | 1.49M | 656.00K | 4.21M | 17.27M | 27.73M | 0.00 |
| Total Liabilities | 8.26M | 9.55M | 12.00M | 25.29M | 39.37M | 17.39M |
| Stockholders Equity | 68.31M | 81.34M | 15.12M | 29.02M | 93.97M | 168.77M |
Cash Flow | ||||||
| Free Cash Flow | -29.88M | -27.89M | -27.11M | -52.68M | -75.85M | -56.72M |
| Operating Cash Flow | -29.46M | -27.78M | -26.62M | -50.73M | -71.65M | -55.70M |
| Investing Cash Flow | -43.64M | -30.80M | 7.74M | 55.35M | 68.46M | -151.55M |
| Financing Cash Flow | 81.94M | 91.67M | 10.06M | -6.76M | 8.07M | 207.08M |
AEye Inc Technical Analysis
Negative
1.23
Price Trends
1.15
Negative
1.26
Negative
1.55
Negative
Market Momentum
-0.07
Negative
45.73
Neutral
67.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LIDR, the sentiment is Negative. The current price of 1.23 is above the 20-day moving average (MA) of 1.01, above the 50-day MA of 1.15, and below the 200-day MA of 1.55, indicating a bearish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 45.73 is Neutral, neither overbought nor oversold. The STOCH value of 67.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LIDR.
AEye Inc Risk Analysis
AEye Inc disclosed 81 risk factors in its most recent earnings report. AEye Inc reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
AEye Inc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $2.18B | 26.81 | 5.59% | ― | 38.17% | 339.11% | |
48 Neutral | $46.39M | -1.14 | -46.40% | ― | 90.68% | 70.00% | |
48 Neutral | $284.79M | -15.03 | 7.21% | ― | 10.74% | 85.17% | |
46 Neutral | $690.78M | -49.55 | -210.69% | ― | 56.22% | 93.61% | |
43 Neutral | $65.37M | -0.58 | -118.08% | ― | 41.09% | 9.05% |
* Technology Sector Average
LIDR
AEye Inc
0.99
-1.75
-63.76%
AEVA
Aeva Technologies
9.91
-7.33
-42.52%
INVZ
Innoviz Technologies
0.22
-1.81
-89.21%
ECX
ECARX Holdings
0.80
-1.56
-66.19%
HSAI
Hesai Group Sponsored ADR
13.69
-10.17
-42.62%
AEye Inc Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
AEye Inc Enters New At-the-Market Sales Agreement
Positive
Sep 15, 2026
On September 15, 2026, AEye Inc. entered into a new at-the-market issuance sales agreement with A.G.P./Alliance Global Partners, allowing the company to sell up to $50 million of common stock from time to time under its existing shelf registration...
Business Operations and StrategyExecutive/Board Changes
AEye grants equity award to chief financial officer
Positive
Sep 9, 2026
On September 2, 2026, AEye, Inc.’s Compensation Committee approved a one-time grant of 100,000 restricted stock units to Chief Financial Officer Conor Tierney. The award recognizes his role in the company’s previously announced commerc...
Business Operations and StrategyFinancial Disclosures
AEye Showcases Rapid Growth and Expanding Physical AI Demand
Positive
Sep 9, 2026
On September 9, 2026, AEye’s CEO Matt Fisch issued a letter to stockholders highlighting rapid commercial progress, record pipeline activity, and expanding demand across aerospace and defense, automotive, trucking, intelligent transportation...
Business Operations and StrategyProduct-Related Announcements
AEye Wins Lunar Outpost Contract for Apollo Lidar
Positive
Sep 1, 2026
On September 1, 2026, AEye announced a multi-million-dollar commercial contract with space mobility specialist Lunar Outpost to integrate its Apollo long-range lidar into the Pegasus Lunar Terrain Vehicle, which is intended to transport Artemis as...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.