Aspen Aerogels

Q2 FY2026 EarningsQ2 FY26 results were mixed relative to consensus: revenue of $49.8M beat the $42.4M expected (+17.5% variance), while GAAP EPS of -$0.28 missed the -$0.23 consensus. Gross margin was pressured at 6.5% vs. 16.4% expected (-9.90pct) due to operational disruptions and high unabsorbed overhead. Despite the revenue beat, Thermal Barrier sales fell 47% YoY following lower EV production forecasts, and the company expects full-year FY26 Adjusted EBITDA to decline on continued supply chain headwinds.