Evolv Technologies raises 2026 outlook after Q2 revenue beats estimates

Evolv Technologies Holdings

11/08/2026 21:16

Overview
Security screening tech firm's Q2 revenue grew 34% yr/yr, beating analyst expectations
Adjusted loss per share for Q2 met analyst consensus
Company raised 2026 revenue and EBITDA outlook, citing accelerating adoption and renewal trends

Outlook
Evolv Technologies raises 2026 revenue outlook to $180 mln-$185 mln from $175 mln-$180 mln
Company sees 2026 ending ARR at $148 mln-$150 mln, up from prior $145 mln-$150 mln
Evolv expects 2026 adjusted EBITDA of $15 mln-$16 mln with high single-digit margins

Result Drivers
CUSTOMER GROWTH - Co said results were driven by addition of 70 new customers in the qtr
PRODUCT ADOPTION - Accelerating adoption of Evolv eXpedite and improved renewal trends supported revenue growth
BUSINESS MODEL SHIFT - Higher mix of purchase subscription deployments increased near-term revenue recognition but created modest gross margin headwind

Company press release: ID:nBw49HR7Xa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$43.80 mln
$41.81 mln (4 Analysts)
Q2 Adjusted Loss Per Share
Meet
$0.02
$0.02 (3 Analysts)
Q2 Net Loss
 
$9.30 mln
 
Q2 Annual Recurring Revenue
 
$132.7 mln
 

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 communications & networking peer group is "buy"
Wall Street's median 12-month price target for Evolv Technologies Holdings, Inc. is $10.00, about 70.6% above its August 10 closing price of $5.86

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Aug 10 - Latch Q2 software revenue rises on expanding platform adoption

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(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.)