Aspen Aerogels Q1 revenue falls less than expected

ReutersMay 7, 2026 10:38 AM

Overview

US sustainability solutions provider's Q1 revenue fell sharply yr/yr but beat analyst expectations
Adjusted EPS for Q1 missed analyst estimates
Company expects staged restart of East Providence plant in May after April explosion

Outlook

Aspen expects Q2 2026 revenue between $40 mln and $48 mln
Company sees Q2 2026 net loss of $14 mln to $20 mln
Aspen expects FY 2026 capital expenditures to be less than $10 mln

Result Drivers

THERMAL BARRIER DEMAND DROP - Co said Thermal Barrier segment revenue fell sharply due to reduced customer demand after regulatory and incentive changes
PLANT EXPLOSION DISRUPTION - Temporary shutdown of East Providence facility after April explosion led co to use inventory and external manufacturing to support demand
COMMERCIAL SETTLEMENT - $3.5 mln of $37.6 mln cash settlement from General Motors recognized as revenue in Q1, remainder deferred

Company press release: ID:nGNX8dtzTV

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Beat	$37.9 mln	$37.39 mln (6 Analysts)
Q1 Adjusted EPS	Miss	-$0.28	-$0.26 (3 Analysts)
Q1 EPS		-$0.29
Q1 Net Income		-$23.7 mln

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
Wall Street's median 12-month price target for Aspen Aerogels Inc is $4.00, about 2.9% below its May 6 closing price of $4.12

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