Battery maker Microvast Q2 revenue misses expectations

Microvast Holdings

11/08/2025 22:11

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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/Mis  Actual    Consensu
           s                   s
                               Estimate
                               
                               
 Q2        Miss      $91.30    $106.80
 Revenue             mln       mln (3
                               Analysts
                               )
 Q2        Beat      $0.05     $0.01 (2
 Adjusted                      Analysts
 EPS                           )
 Q2        Beat      $16.30    $3.58
 Adjusted            mln       mln (2
 Net                           Analysts
 Income                        )
 Q2 Net              -$106.10   
 Income              mln       
 Q2        Beat      $25.90    $17.10
 Adjusted            mln       mln (3
 EBITDA                        Analysts
                               )
 Q2                  $16.50     
 Operatin            mln       
 g                             
 Expenses                      
    
    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.)