Canada's Electrovaya Q2 revenue rises

Electrovaya

14/05/2026 21:10

Overview

Canada lithium-ion battery maker's Q2 revenue grew 20% yr/yr but missed analyst expectations

Q2 adjusted EBITDA rose 41% yr/yr and beat analyst estimates

Company faced supply chain delays, leaving $1.4 mln of finished goods unrecognized as revenue

Outlook

Electrovaya sees FY 2026 revenue growth to exceed 30% over FY 2025, topping $83 mln

Company says a percentage of anticipated FY 2026 revenue may be deferred to FY 2027

Electrovaya says evolving geopolitical and economic conditions could impact supply chains and demand

Result Drivers

SUPPLY CHAIN DELAYS - Co said supply chain disruptions in late Q2 slowed production and shipments, leaving $1.4 mln of finished goods unrecognized as revenue

GROSS MARGIN IMPROVEMENT - Co reported higher gross margin, citing ongoing technology and product development efforts

ROBOTICS AND ENERGY STORAGE INITIATIVES - Initial deliveries for robotic applications began; energy storage products and defense sector activity highlighted as key growth areas

Company press release: ID:nACSm6LWGa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$18 mln
$18.54 mln (4 Analysts)
Q2 EPS
$0.02
Q2 Net Income
$1 mln
Q2 Adjusted EBITDA
Beat
$2.80 mln
$2.70 mln (4 Analysts)
Q2 Gross Margin
33.40%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 53 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)