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← CockpitCompetitor Analysis › AEVA Aeva Technologies, Inc.Open in the cockpit ↗

Aeva Technologies, Inc.AEVACompetitor analysis, valuation and peers

United States · USD·Information Technology›Semiconductors

Makes FMCW lidar sensors that measure both distance and velocity for autonomous vehicles and industrial uses.

Momentum laggard 8
Mkt cap
$767M
US dollars, full cap
Free float
72%
of shares outstanding
$/day
$20.2M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
n/a
WACC 16.2%
Hurdle
n/a
no reverse DCF
Next earnings
138 days
24 Mar 2027
Close · USD$11.00
1D+19.7%
1W+18.7%
1M-19.6%
3M-53.6%
6M-33.6%
YTD-17.2%
1Y-28.7%
ATR %8.8%
Beta3.64
52w lowhigh64.9% off high

What Aeva Technologies does

Makes FMCW lidar sensors that measure both distance and velocity for autonomous vehicles and industrial uses.

Earns so far from engineering contracts and early sensor shipments, since lidar revenue at volume only starts once a carmaker designs a sensor into a vehicle program years before launch. Cars and trucks are the target, but industrial buyers in robotics and measurement provide earlier sales.

Products and services

  • 4D FMCW lidar sensors
  • Perception software

Customers

  • Automotive OEMs/ADAS suppliers
  • Industrial automation customers

Where it sits in the supply chain

  • Information technology
  • Sensors/lidar
  • 4D FMCW lidar sensors

What could go right

  • Automotive ADAS/autonomy lidar adoption

What could go wrong

  • Long, uncertain automotive design-win timelines
  • Cash burn ahead of scale production

Moat: narrow (IP / patents). Frequency-modulated continuous-wave lidar gives instant velocity data that time-of-flight lidar rivals lack.

Headquarters: Mountain View, California, US · Founded: 2017 · Employees: 239

Named competitors

  • Luminar Technologies private or unlisted
  • Ouster OUST
  • Innoviz Technologies INVZ

Aeva Technologies at a glance

Size Aeva Technologies (AEVA) is a United States Information Technology company (Semiconductors) with a market value of $767M, the 2424th largest of 3,117 United States companies the cockpit tracks. Shares closed at $11.00 on 6 Nov 2026.

Performance Over six months the shares fell 33.6%, against -25.6% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 19 in its peer set.

Growth Revenue grew 56.2% over the last twelve months (peer median +21.0%); the operating margin is -611.0% (peer median -3.0%).

Valuation It trades at 33.4× enterprise value to sales against a peer median of 4.1× (most expensive of 21).

Backlog Backlog (remaining performance obligations) was $26.1M at 30 Sep 2026, down 38% on a year earlier — 1.1 years of trailing revenue. Backlog detail →

Short interest Short interest is 14.1% of the free float (15 Oct 2026).

Next results Next results expected around 24 Mar 2027 (exchange calendar; dates can move).

Relative performance

10015020011 May 202611 Aug 20266 Nov 2026AEVA 81Peer median 73
Six months, rebased to 100: Aeva Technologies against the median of its 20 peers (local-currency closes).

Aeva Technologies financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$21.6M$18.1M$9.06M$4.31M$4.19M
Revenue growth—+99%+110%+3%—
Gross profit$5.68M-$660,000-$3.79M-$5.89M-$4.25M
EBITDA-$124M-$119M-$138M-$140M-$146M
Net income-$32.4M-$145M-$152M-$149M-$147M
Free cash flow-$117M-$120M-$112M-$125M-$117M
Capital expenditure$5.19M$4.61M$5.11M$6.10M$7.44M
Total debt$102M$102M$3.76M$7.35M$7.46M

Quarterly statements and history in the cockpit →

Aeva Technologies competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-60%-40%-20%0%+20%-50%-25%0%+25%300046CEVA5314CSIQ0022183227000670600207688601688429688348036540002860688689AOSL322000AEVA6-month return →1-month return →
Up and to the right = strong over both horizons. Aeva Technologies is the large dot.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%10×20×30×300046CEVA5314CSIQ6675002218322700067011910030266002076886016884296883482393036540002860688689AOSLAEVARevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Aeva Technologies is the large dot.

Aeva Technologies competitors and peer comparison

Head to head with its named competitors (AEVA vs OUST vs INVZ)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Aeva Technologies AEVA$767M-34%+56%-611%33.4×n/a
OUST OUST$2.54B+38%+64%-29%9.5×n/a
Innoviz Technologies INVZn/a-43%n/an/an/an/a

How Aeva Technologies compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Aeva Technologies against its 20 peers (data as of 6 Nov 2026)
MeasureAEVAPeer medianRank in peer set
1-month return-19.6%-9.8%6th lowest of 21
6-month return-33.6%-25.6%6th lowest of 19
Distance from 52-week high-64.9%-49.6%4th lowest of 21
Revenue growth (TTM)+56.2%+21.0%2nd highest of 21
Operating margin-611.0%-3.0%lowest of 21
EV / Sales33.4×4.1×most expensive of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Aeva Technologies AEVAUnited States$767M-34%+56%-611%33.4×n/an/a
Tech Semiconductors 300046.SZChina$766M-33%+27%8%9.2×45.7%-1.6%
CEVA CEVAUnited States$763M-27%+9%-10%4.8×n/an/a
Myson Century 5314.TWOTaiwan$759M-39%+235%19%5.9×9.2%+172.5%
Canadian Solar CSIQUnited States$755M-45%-16%-2%1.7×n/an/a
SENASIC Electronics Technology 6675.HKHong Kong$779Mn/a+45%-11%8.4×n/an/a
Shenzhen Topray Solar 002218.SZChina$779M-32%-8%-17%6.7×35.9%-5.6%
PixArt Imaging 3227.TWOTaiwan$781M-20%+5%18%2.7×0.0%+2.3%
Infotmic 000670.SZChina$782M-18%+38%2%1.1×n/an/a
Crealights Technology 1191.HKHong Kong$790Mn/a+42%-7%4.2×n/an/a
Zhejiang MTCN Technology 003026.SZChina$742M-24%+29%17%9.5×30.7%+9.5%
Henan Ancai Hi-Tech 600207.SSChina$797M-13%-41%-39%4.0×n/an/a
Wuxi ETEK Microelectronics 688601.SSChina$799M-25%+15%-5%5.7×n/an/a
Changzhou Shichuang Energy 688429.SSChina$733M-13%+30%-38%5.7×n/an/a
Yuneng Technology 688348.SSChina$729M-39%-40%-58%5.6×n/an/a
Everlight Electronics 2393.TWTaiwan$807M-17%-3%10%0.8×-11.7%-1.9%
SFA Semicon 036540.KSSouth Korea$728M-27%+37%-4%2.2×n/an/a
Hangzhou Star Shuaier Electric Appliance 002860.SZChina$810M+16%-14%7%2.5×19.8%+18.4%
Changzhou Galaxy Century Microelectronics 688689.SSChina$723M-9%+29%11%3.1×n/an/a
Alpha and Omega Semiconductor L AOSLUnited States$716M-38%-2%-6%0.8×n/an/a
Hd Hyundai Energy Solutions 322000.KSSouth Korea$714M-63%+39%16%1.5×3.2%+4.5%

Aeva Technologies backlog

Aeva Technologies reported $26.1M of remaining performance obligations at 30 Sep 2026, down 38% from a year earlier and down 9% from the previous quarter. That is 1.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.61.

Questions

Who are Aeva Technologies's main competitors?
Named competitors: Luminar Technologies (private or unlisted), Ouster (OUST), Innoviz Technologies (INVZ). The cockpit's measured peer set (industry) also includes Tech Semiconductors (300046.SZ), CEVA (CEVA), Myson Century (5314.TWO), Canadian Solar (CSIQ), SENASIC Electronics Technology (6675.HK), Shenzhen Topray Solar (002218.SZ).
Is Aeva Technologies expensive compared with its peers?
On ev / sales it trades at 33.4× against a peer median of 4.1×, most expensive of 21 in its peer set.
How has Aeva Technologies stock performed?
Over six months to 6 Nov 2026 the shares returned -33.6% against -25.6% for the median peer; over one year -28.7%.
What is Aeva Technologies's backlog?
Aeva Technologies's remaining performance obligations (contracted revenue not yet recognised) were $26.1M at 30 Sep 2026, -38% on a year earlier.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.