Energous Q1 revenue surges 799% on Fortune 10 customer deployment

Energous

13/05/2026 21:26

Overview

US wireless power solutions provider's Q1 revenue grew 1% sequentially, up 799% yr/yr

GAAP net loss narrowed 51% yr/yr to $1.7 mln

Growth driven by Fortune 10 customer deployments and expanded US manufacturing capacity

Outlook

Company expects current cash position to meet liquidity needs for next 12 months

Energous plans continued expansion of Fortune 10 customer deployments and international installations in 2026

Company expects several proof-of-concept programs to reach commercial deployment decisions in 2026

Result Drivers

COMMERCIAL DEPLOYMENTS - Co said revenue growth was driven by active, revenue-generating programs with Fortune 10 customers in retail, grocery, and e-commerce fulfillment

US MANUFACTURING EXPANSION - Co said new US-based contract manufacturer increased capacity and enabled access to enterprise and government customers

INTERNATIONAL EXPANSION - Co said second Fortune 10 deployment extended beyond the US, with installations in the EU and UK and further international sites targeted

Company press release: ID:nGNX9xG2xB

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$3.08 mln
Q1 EPS
-$0.43
Q1 Net Income
-$1.66 mln
Q1 Operating Income
-$1.85 mln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

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

Wall Street's median 12-month price target for Energous Corp is $26.00, about 0.5% above its May 12 closing price of $25.86

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.)