Battery maker Microvast Q2 revenue misses expectations

Microvast Holdings

11/08/2025 23:17

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Overview

Microvast Holdings Q2 revenue rises 9.2% to $91.3 mln, misses analyst expectations, per LSEG data

Adjusted EBITDA turns positive at $25.9 mln, compared to negative $78.4 mln last year

Company's gross margin increased to 34.7% from 32.5% in Q2 2024

Outlook

Microvast targets 2025 revenue between $450 mln and $475 mln

Company updates 2025 gross margin target to 32%

Microvast plans Huzhou expansion completion by year-end

Result Drivers

INCREASED DEMAND - Co attributes revenue growth to increasing demand for advanced battery solutions

OPERATIONAL EFFICIENCY - Improved gross margin and positive adjusted EBITDA reflect focus on operational efficiency

COST MANAGEMENT - Significant reduction in operating expenses contributed to financial performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$91.30 mln
$106.80 mln (3 Analysts)
Q2 Adjusted EPS
Beat
$0.05
$0.01 (2 Analysts)
Q2 Adjusted Net Income
Beat
$16.30 mln
$3.58 mln (2 Analysts)
Q2 Net Income
-$106.10 mln
Q2 Adjusted EBITDA
Beat
$25.90 mln
$17.10 mln (3 Analysts)
Q2 Operating Expenses
$16.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

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

Wall Street's median 12-month price target for Microvast Holdings Inc is $4.00, about 27.7% above its August 8 closing price of $2.89

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 93 three months ago

Press Release: ID:nGNXRWcSB

 (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.)