The EPS miss and increased cash burn guidance are near-term negatives, but the stock's trajectory depends on commercialization milestones with Kubota and GE Vernova. Monitor for the first Prime system deployment to Europe and initial Kubota Core deployments in Q3 2026 as key catalysts.
Price Chart
Executive Summary
AirJoule Technologies reported a GAAP net loss of $8.5M for Q2 2026, with EPS of -$0.12, significantly missing the consensus estimate of -$0.07. The company ended the quarter with $41.4M cash and no debt, and updated its 2026 spend framework to $27-28M. While the EPS miss is notable, the company remains pre-revenue and the focus is on commercialization progress with partners like Kubota and GE Vernova, which is the primary driver for the stock.
Key Financial Metrics
Key Facts
- GAAP net loss of $8.5M for Q2 2026 vs. net income of $2.5M in Q2 2025.
- EPS of -$0.12 missed the consensus estimate of -$0.07.
- Cash position of $41.4M at quarter end, with no debt.
- Updated 2026 cash spend guidance to $27-28M, up from ~$25M previously.
- First full-scale AirJoule Prime system commissioned and operating; additional systems under construction.
- Exclusive sales agreement with Kubota for residential deployments in Texas and California.
- Completed Net Zero Innovation Hub program; first Prime system to ship to Europe in Q3 2026.
- GE Vernova opened Advanced Research Center with AirJoule Core system installed.
- Received Expo City Dubai Green Licence; shipped Core system to UAE for demonstrations.
- Equity loss from investment in AirJoule, LLC was $2.5M for the quarter.
Financial Impact
GAAP net loss of $8.5M in Q2 2026, compared to net income of $2.5M in Q2 2025. EPS of -$0.12 vs consensus -$0.07.
Risk Factors
- Pre-revenue company with no current product sales; commercialization timeline may slip.
- Increased cash spend guidance ($27-28M vs ~$25M) reduces cash runway, though sufficient into 2028.
- Equity method losses from the joint venture continue to weigh on reported earnings.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3345016 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 144 | $3.08 $3.05 | ▼ −0.97% | ▼ −1.40% | $2.82 (−8.44%) |
Sep 14, 2026 6w ago | Press Release | $4.15 $4.06 | ▼ −2.17% | ▼ −1.71% | $2.82 (−32.05%) |
Aug 18, 2026 9w ago | Press Release | $5.32 $5.26 | ▼ −1.13% | ▼ −1.34% | $2.82 (−46.99%) |
Aug 13, 2026 10w ago | Press Release | $6.04 $5.81 | ▲ +3.81% | ▲ +3.34% | $2.82 (+53.31%) |
Aug 10, 2026 11w ago | Press Release | $6.40 $6.32 | ▼ −1.25% | ▼ −1.50% | $2.82 (−55.94%) |
Aug 7, 2026 11w ago | Institutional Cluster | $5.92 $5.93 | ▲ +0.17% | ▲ +0.20% | $2.82 (−52.36%) |
Jul 22, 2026 13w ago | Press Release | $4.48 $4.17 | ▼ −6.92% | ▼ −7.02% | $2.82 (−37.05%) |
Jul 4, 2026 16w ago | Institutional Cluster | $4.95 $4.53 | ▼ −8.59% | ▼ −8.11% | $2.82 (−43.03%) |
Jun 12, 2026 19w ago | EFFECT | $4.19 $4.14 | ▼ −1.19% | ▼ −2.96% | $2.82 (−32.70%) |
May 14, 2026 23w ago | Press Release | $3.73 $3.52 | ▲ +5.63% | ▲ +5.57% | $2.82 (+24.40%) |
US Market Status
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