Microvast reports second quarter 2026 financial results
Revenue reached $87.3 million with a 29.5% gross margin, while net loss narrowed to $12.0 million from $106.1 million year over year.
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Lithium-ion battery solutions for transportation, heavy equipment and energy storage
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In short: Microvast reported record revenue and narrowed net losses for Q2 2026 while facing several securities fraud class action lawsuits.
Revenue reached $87.3 million with a 29.5% gross margin, while net loss narrowed to $12.0 million from $106.1 million year over year.
Revenue was $60.6 million with gross margin of 31.6% and net profit of $48.2 million.
Full year revenue grew 12.6% to $427.5 million, net loss narrowed to $29.2 million.
The company calls the short seller's claims unfounded and based on errors of fact.
Microvast Holdings, Inc. (NASDAQ:MVST) ("Microvast" or the "Company"), a global leader in advanced battery technologies, announced today its unaudited consolidated financial results for the second...
Specifically, Defendants failed to disclose to investors that: (1) due to, inter alia, inventory management issues and delays in commercial vehicle rollouts by Microvast’s customers...
Kaplan Fox Announces a Securities Class Action Filed Against Microvast Holdings, Inc. (NASDAQ: MVST) - Lead Plaintiff Deadline is September 21, 2026...
Microvast hits new yearly low as multiple class actions accuse management of overly optimistic forecasts. Analyst consensus remains optimistic nonetheless.
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