Battery maker Microvast Q3 revenue beats estimates, driven by strong demand for battery solutions

Microvast Holdings

10/11/2025 22:08

Overview

Microvast Q3 revenue rose 21.6% yr/yr, beating analyst expectations

Adjusted net income for Q3 missed analyst expectations

Adjusted EBITDA for Q3 missed analyst expectations

Outlook

Company maintains 2025 revenue guidance of $450 mln to $475 mln

Microvast updates 2025 gross margin outlook to 32%-35%

Company to complete Huzhou Phase 3.2 expansion by year-end

Result Drivers

REVENUE GROWTH - Co attributes 21.6% revenue increase to strong demand for battery solutions

GROSS MARGIN IMPROVEMENT - Co cites efficiency and product mix as reasons for 4.4 percentage point gross margin increase

ADJUSTED EBITDA - Positive adjusted EBITDA of $21.9 mln reflects focus on profitability and operational excellence, per CEO Yang Wu

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$123.3 mln
$120.02 mln (2 Analysts)
Q3 Adjusted Net Income
Miss
$11.9 mln
$17.34 mln (1 Analyst)
Q3 Net Income
-$1.5 mln
Q3 Adjusted EBITDA
Miss
$21.9 mln
$25.13 mln (2 Analysts)
Q3 Operating Expenses
$33.5 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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"

Wall Street's median 12-month price target for Microvast Holdings Inc is $5.50, about 10.4% above its November 7 closing price of $4.93

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nGNX1BkqV6

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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.)