BETA Technologies Q2 2026 earnings miss sends shares lower

BETA Technologies reported adjusted earnings per share for the second quarter of 2026 that fell short of analyst expectations, sending its shares lower in after-hours trading.

The company, which develops electric aircraft and charging infrastructure, posted adjusted EPS of $0.12, below the $0.18 consensus estimate compiled by Refinitiv. Revenue for the quarter totaled $85 million, a 15% increase from the same period last year but below the $92 million forecast.

Chief Executive John LaManna cited higher-than-expected costs for materials and labor as key factors pressuring profitability. Operating expenses rose 18% year-over-year, driven by supply chain constraints and increased investment in production capacity. The company maintained its full-year revenue guidance of $350 million to $370 million but narrowed its adjusted EPS outlook to $0.55-$0.65 from prior guidance of $0.60-$0.70.

BETA Technologies’ stock fell 4.2% in extended trading following the release, extending declines from the prior session. Analysts at Piper Sandler reiterated a neutral rating, citing execution risks in scaling production while demand for electric aircraft remains unproven at scale.

The company has prioritized expanding its charging network and securing orders from commercial partners, including a recent agreement with a regional airline for 50 aircraft deliveries by 2028. However, LaManna acknowledged that achieving profitability will depend on controlling costs and ramping up production efficiency.

Investors will monitor the company’s progress in meeting its revised guidance and managing operational headwinds in the coming quarters.