Can Aeva Technologies Inc (AEVA)’s Annual Revenue Grow 100% Again?

Aeva Technologies Inc (NASDAQ:AEVA) is among the best lidar stocks to buy according to analysts. This lidar stock has gained more than 25% in the past month and 125% in the past 12 months.

Can Aeva Technologies Inc (AEVA)’s Annual Revenue Grow 100% Again?

On April 28, Oppenheimer highlighted several industrial AI stocks poised for growth, driven by rising defense spending and a push for domestic manufacturing, with opportunities spanning battery tech, sensor systems, and intelligent transportation. The firm gave Aeva Technologies an Outperform rating and a $33 price target, citing its FMCW lidar’s unique advantage of being undetectable to night vision, potentially replacing existing military sensors, along with the rollout of its CityOS platform in Atlanta as proof of commercial viability. Oppenheimer also sees AEVA’s fiscal 2026 revenue guidance of $30–36 million as achievable through sampling, engineering services, and early commercial deployments.

After a strong 2025, Aeva Technologies expects momentum to continue, forecasting 2026 revenue growth of 70%–100% to $30–36 million. The company more than doubled revenue to $18.1 million in 2025, driven by rising demand for its lidar technology, while narrowing its losses to an adjusted $1.75 per share from $2.17 in 2024. Aeva also ended the year with a solid cash position of $121.9 million plus $125 million in available facilities, and CEO Soroush Salehian highlighted a key supply deal with a major European automaker as a strong foundation for growth in 2026.

Aeva also has a contract to supply Forterra with a 4D lidar sensor for use in autonomous defense vehicles, the management said. Additionally, a top-five automaker in the passenger vehicle segment has tapped Aeva to join its development program.

Aeva Technologies Inc (NASDAQ:AEVA) makes lidar sensors used in a variety of applications, including autonomous vehicles and robots, manufacturing automation, and smart infrastructure. The company was founded in 2016, is based in California, and serves customers worldwide.

While we acknowledge the risk and potential of AEVA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AEVA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Cryptocurrency Stocks to Buy Right Now and Goldman Sachs Bank Stocks: Top 10 Stocks to Buy.

Disclosure: None. Follow Insider Monkey on Google News.