Aspen Aerogels Q2 Revenue Jumps 32% Sequentially to $49.8M; Guides Q3 Revenue $65M-$80M
ASPN has more than doubled off its 52-week low of $2.3.
Summary
Aspen Aerogels reported Q2 2026 revenue of $49.8 million, a 32% sequential increase, and guided for Q3 revenue of $65–$80 million with positive Adjusted EBITDA, signaling a strong recovery from the East Providence facility incident.
Key Events · Earnings and Guidance · ASPN
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Q2 Revenue Rebounds 32% QoQ
Total revenue reached $49.8 million, up from $37.9 million in Q1 2026, driven by an 81% sequential surge in Thermal Barrier revenue to $29.5 million.
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Q3 Guidance Implies Return to Profitability
Company expects Q3 revenue of $65–$80 million and Adjusted EBITDA of $7–$15 million, a sharp improvement from Q2's $(6.6) million Adjusted EBITDA.
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European Thermal Barrier Outlook Raised
Full-year 2026 European Thermal Barrier revenue outlook increased to $20–$30 million, reflecting strong OEM momentum.
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JLR PyroThin Award Secured
Aspen won a PyroThin award across two next-generation Jaguar Land Rover vehicle architectures, with start of production expected in 2027.
Analysis · ASPN · Trade & Services
A strong sequential rebound marked Aspen Aerogels' Q2 2026, with revenue climbing 32% from Q1 to $49.8 million, fueled by an 81% surge in Thermal Barrier revenue. The company guided for Q3 revenue of $65–$80 million and Adjusted EBITDA of $7–$15 million, signaling a return to profitability after a challenging Q2 that included $5.3 million in incident-related costs from the East Providence facility explosion. Adding to the positive momentum are the raised European Thermal Barrier outlook and a new PyroThin award from Jaguar Land Rover. With $153.4 million in cash, the company has ample liquidity to navigate the facility restart and pursue growth. This earnings report materially improves the near-term outlook and demonstrates operational resilience following the April 2026 manufacturing incident.
At the time of this filing, ASPN was trading at $6.11 on NYSE in the Trade & Services sector, with a market capitalization of approximately $415.2M. The 52-week trading range was $2.30 to $9.78. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.