The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.

Successfully cleared UL Certification non-recurring tests, a critical gating item that allows the transition of KARNO units from controlled facility testing to real-world customer sites.

Achieved a fourfold sequential revenue increase driven by accelerated execution of Office of Naval Research (ONR) contracts, signaling a shift toward revenue-generating military services.

Demonstrated true fuel flexibility through dynamic switching between diesel, natural gas, and hydrogen without system shutdown, addressing a key requirement for mission-critical backup power.

Formed a strategic partnership with VFG Holdings for up to 50-megawatts of power, targeting the 800-volt DC-native architecture increasingly required by next-generation AI data centers.

Broadened military engagement beyond the Navy and Air Force to additional branches, leveraging the platform's low acoustic and thermal signatures for autonomous and mobile power applications.

Commenced building an 800-kilowatt Navy system, which serves as the modular architectural building block for future multi-megawatt commercial data center configurations.

Mitigated supply chain risks regarding high-strength magnets by securing alternate sourcing options outside of China to support planned production ramps.

Reaffirmed 2026 revenue guidance of approximately $10 million, supported by an expected $40 million to $50 million in additional military contract signings in the second half of the year.

On track to reach the full 200-kilowatt design power rating by year-end through software and component improvements currently undergoing isolated testing.

Expects to complete approximately 10 early adopter unit deployments in 2026, serving as the foundation for commercialization by year-end.

Projecting 2027 as the transition year into meaningful production scale, with 2028 targeted for accelerated growth in multi-megawatt data center configurations.

Anticipates net spending of just over $50 million for 2026, with current cash reserves of $139.3 million expected to be sufficient to reach initial commercialization.

Recorded a $414,000 credit in Powertrain Exit expenses due to ongoing asset sales, which are now largely complete and not expected to recur.

Shifted $1.9 million from R&D expenses to capitalized inventory as resources were redirected toward revenue-generating Navy system builds.

Planned equipment financing of up to $10 million later in 2026 to optimize capital structure while supporting additive manufacturing needs.

Optimizing existing additive printer fleet to support production needs through 2028, with plans to test new laser technology from GE Colibrium to improve throughput.

One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.

Management expects the $10 million revenue target to be heavily supported by the $20 million in existing Navy contracts, with activity accelerating around the 800-kilowatt module.

New military contracts totaling $40 million to $50 million are expected to be signed in the second half of 2026, providing momentum into 2027.

Current testing has shown double-digit kilowatt improvements over the previous 175-kilowatt benchmark, with these gains to be rolled into the product over coming quarters.

The completed UL non-recurring testing does not need to be repeated as power levels increase; only final end-of-line runs are required for nameplate certification.

Data center operators value the system's ability to run on pipeline natural gas while using on-site diesel as a seamless backup, eliminating the need for redundant generator sets.

Direct 800-volt DC integration is a major differentiator for AI data centers, as it reduces the need for AC-to-DC conversion, transformers, and copper infrastructure.

Hyliion is transitioning KARNO Core assembly from the Cincinnati R&D facility to the Texas site to focus on scaling and parallel assembly lines.

The company is utilizing a 'learn in Cincinnati, scale in Texas' model to ensure engineering oversight during early development before high-volume production.