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AEye Inc
(NASDAQ:LIDR)
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Rating:49Neutral
Price Target:
$1.50
▲(21.95% Upside)
Action:Reiterated
Date:09/06/26
The score is primarily constrained by weak financial performance—deep ongoing losses, negative gross profit, and substantial cash burn despite improving revenue. Technicals are only moderately supportive (near-term strength but still below longer-term averages), while valuation offers limited clarity due to negative earnings and no dividend. Offsetting positives include a constructive earnings call with accelerating pipeline activity and a notable new multi-million-dollar contract, but these are not yet large enough to outweigh current profitability and cash-use risks.
Positive Factors
Expanding commercial pipeline
A growing set of proof-of-concept programs, customer engagements, and quotes indicates broader commercial validation for AEye’s lidar platform. If these programs convert into production awards, the expanding pipeline could support a more durable revenue base over the next several quarters.
Negative Factors
Persistent unprofitability
AEye’s revenue growth has not yet translated into a viable economic model: gross profit remains negative and losses are substantial relative to sales. This weak operating leverage makes sustained profitability dependent on significant revenue scaling and successful cost absorption.
Read all positive and negative factors
Positive Factors
Negative Factors
Expanding commercial pipeline
A growing set of proof-of-concept programs, customer engagements, and quotes indicates broader commercial validation for AEye’s lidar platform. If these programs convert into production awards, the expanding pipeline could support a more durable revenue base over the next several quarters.
Read all positive factors
AEye Inc (LIDR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$63.69M
Dividend YieldN/A
Average Volume (3M)5.46M
Price to Earnings (P/E)―
Beta (1Y)2.22
Revenue Growth90.68%
EPS Growth70.00%
CountryUS
Employees56
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.87
Shares Outstanding46,488,310
10 Day Avg. Volume14,428,232
30 Day Avg. Volume5,459,234
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>-0.01
Enterprise Value/Revenue>-0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$3.50Price Target Upside184.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.7
Revenue Forecast (FY)$2.07M
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 primarily makes money by selling lidar-related products and services to customers that integrate sensing into vehicles or autonomy platforms. Key revenue streams include: (1) product revenue from lidar sensors and associated components delive...
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 | -34.72M | -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
Positive
1.23
Price Trends
1.27
Positive
1.56
Negative
1.77
Negative
Market Momentum
0.02
Negative
56.93
Neutral
47.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LIDR, the sentiment is Positive. The current price of 1.23 is below the 20-day moving average (MA) of 1.28, below the 50-day MA of 1.27, and below the 200-day MA of 1.77, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 56.93 is Neutral, neither overbought nor oversold. The STOCH value of 47.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
61 Neutral | $2.92B | 37.23 | 5.59% | ― | 38.17% | 339.11% | |
49 Neutral | $63.69M | -1.57 | -46.40% | ― | 90.68% | 70.00% | |
| ― | ― | ― | ― | ― | ― | ― | |
48 Neutral | $102.91M | -0.92 | -118.08% | ― | 41.09% | 9.05% | |
47 Neutral | $1.09B | -78.45 | -210.69% | ― | 56.22% | 93.61% | |
38 Underperform | $374.58M | -19.77 | 7.21% | ― | 10.74% | 85.17% |
* Technology Sector Average
LIDR
AEye Inc
1.37
-1.51
-52.43%
LAZR
―
―
―
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AEVA
Aeva Technologies
15.69
1.86
13.45%
INVZ
Innoviz Technologies
0.35
-1.52
-81.45%
ECX
ECARX Holdings
1.05
-0.53
-33.54%
HSAI
Hesai Group Sponsored ADR
18.89
-9.62
-33.74%
AEye Inc Corporate Events
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.