Hyliion Holdings Reports Second-Quarter 2026 Financial Results
Hyliion Holdings Corp. (NYSE American: HYLN) (“Hyliion”), a developer of modular power plant technology, today reported financial results for the second quarter ended June 30, 2026, and provided key updates on the development of the KARNO™ Power Module platform.
Key Business Highlights
Awarded a $41.7 million U.S. Navy contract for multi-megawatt KARNO Power Modules for shipboard and military base power, with additional contracts anticipated in 2026
Announced the U.S. Navy's USX-1 Defiant vessel as the platform for KARNO Core sea trials, supporting both ship propulsion and auxiliary power
