Microvast (NASDAQ:MVST) Announces Quarterly Earnings Results

Posted by Brenda Bartman on Aug 12th, 2026

Microvast (NASDAQ:MVST – Get Free Report) issued its quarterly earnings data on Monday. The company reported ($0.01) EPS for the quarter, FiscalAI reports. Microvast had a net margin of 13.95% and a negative return on equity of 11.17%. The business had revenue of $87.26 million during the quarter, compared to analyst estimates of $94.40 million.

Here are the key takeaways from Microvast’s conference call:

Profitability deteriorated sharply: Q2 revenue fell 4.5% year over year to $87.3 million, gross margin declined to 29.5% from 34.7%, and adjusted EBITDA dropped to $3.6 million from $25.9 million. The company reported a $5.3 million adjusted net loss versus a $16.3 million adjusted profit a year earlier.
First-half revenue decreased 28.8% as sales volumes fell 24.3% to approximately 717 MWh, while operating cash flow turned negative at $33.3 million compared with $44.3 million of cash generation in the prior-year period. Cash, including restricted cash, ended the quarter at $143.1 million after a $26.2 million decline.
Regional performance was mixed: APAC sales declined 23% in Q2 and 45% year to date amid regulatory, geopolitical, and pricing pressures, while U.S. sales were affected by tariff uncertainty and customer order timing. Higher raw-material costs and lower factory utilization also pressured margins.
Manufacturing expansion is progressing: Equipment installation and commissioning at the Huzhou Phase 3.2 facility are complete, with serial production expected in 2026 and up to 2 GWh of additional annual capacity. The Clarksville, Tennessee pack line remains on schedule for initial output by year-end, although the full battery plant still depends on additional financing or strategic partnerships.
Microvast highlighted solid-state technology milestones, including a 17-layer, 72-volt bipolar prototype with 88.5% capacity retention after 200 cycles and no ignition or smoke in a 200°C hot-box test. An early silicon-sulfur prototype exceeded 1,000 mAh/g and is being explored for high-energy applications such as commercial and defense drones.

Microvast Trading Up 3.6%

Microvast stock traded up $0.03 during midday trading on Wednesday, hitting $0.90. 552,483 shares of the stock were exchanged, compared to its average volume of 4,600,527. Microvast has a fifty-two week low of $0.71 and a fifty-two week high of $7.12. The stock has a market capitalization of $298.18 million, a price-to-earnings ratio of -44.20 and a beta of 3.55. The stock’s 50-day simple moving average is $1.05 and its 200 day simple moving average is $1.64. The company has a current ratio of 0.96, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MVST. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Microvast in a report on Wednesday, June 24th. Zacks Research upgraded Microvast from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Microvast currently has an average rating of “Reduce”.

View Our Latest Stock Analysis on MVST

Insider Activity

In other news, CTO Wenjuan Mattis sold 48,346 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $1.32, for a total transaction of $63,816.72. Following the completion of the sale, the chief technology officer owned 932,678 shares in the company, valued at $1,231,134.96. This trade represents a 4.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Yang Wu sold 46,313 shares of Microvast stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $1.24, for a total transaction of $57,428.12. Following the sale, the chief executive officer directly owned 134,065,439 shares in the company, valued at approximately $166,241,144.36. The trade was a 0.03% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 105,767 shares of company stock worth $134,360 over the last quarter. 44.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Microvast

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Microvast in the 3rd quarter valued at $32,000. NewEdge Advisors LLC purchased a new position in shares of Microvast during the 3rd quarter worth $38,000. Panagora Asset Management Inc. purchased a new position in shares of Microvast during the 4th quarter worth $30,000. Tidal Investments LLC acquired a new stake in shares of Microvast during the 2nd quarter worth about $41,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Microvast during the 2nd quarter worth about $45,000. Institutional investors and hedge funds own 20.72% of the company’s stock.

About Microvast

(Get Free Report)

Microvast Holdings, Inc, traded on NASDAQ under the symbol MVST, is a global provider of advanced lithium-ion battery solutions for transportation and stationary energy storage applications. The company designs, develops and manufactures a range of battery cells, modules and packs tailored to electric buses, commercial vehicles, passenger cars and grid storage systems. Its technology emphasizes fast charging, long cycle life and high energy density to meet stringent performance requirements in demanding operating environments.

Founded in 2006, Microvast has established a vertically integrated platform that spans research and development, pilot production and full-scale manufacturing.