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Electrovaya (ELVA)
NASDAQ:ELVA
Earnings Data
Report Date
May 14, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.01Last Year’s EPS
0.02Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a clear operational and financial improvement: revenue grew 39% year-over-year, gross margins expanded by 240 basis points, EBITDA rose 300%, and the company returned to sustained profitability and positive operating cash flow. Management showcased multiple commercial progress points (OEM deliveries, robotics, defense engagements), significant product development milestones (ultrafast charging cell, 800V systems, ceramic separator, solid-state scale-up), and active execution on the Jamestown manufacturing expansion supported by equity and Ex-Im funding. Key risks include higher total debt and upcoming Ex-Im interest payments, timing uncertainty for cell-level production in Jamestown (expected FY2027), extended pilot/qualification timelines in airport GSE and defense, and typical input cost/supply volatility. On balance, the positive operational and financial momentum and the strengthened liquidity and product pipeline outweigh the timing and funding risks disclosed.Company Guidance
Strong Revenue Growth
Revenue of $15.5M in Q1 FY2026 vs $11.1M prior year, a year-over-year increase of 39%.
Improved Profitability and Margin Expansion
Gross margin improved to 32.9% (up 240 basis points from 30.5% prior year). Operating profit of $1.4M vs an operating loss of $0.2M prior year. Net income of ~$1.0M vs a net loss of $0.4M prior year. Q1 marks the fourth consecutive quarter of net profit and positive EPS.
EBITDA and Cash Flow Improvement
Adjusted EBITDA of $2.0M vs $0.5M prior year (increase of $1.5M or 300%). Adjusted EBITDA margin was 13% of revenue. Operating cash flow was positive $1.7M vs cash used of $0.3M prior year.
Balance Sheet Strength and Liquidity
Raised $28.0M in gross proceeds from equity issuance (Nov 2025). Cash on hand $22.7M and $9.0M availability on banking facility. Positive net working capital $51.9M vs $12.6M prior year and current ratio improved to 6.0 from 1.6.
Progress on Key Commercial Programs
OEM integrated high-voltage battery systems scheduled for commercial deliveries beginning March 2026; commercial deliveries of modular 48V robotic battery systems initiated in January 2026; deliveries to an existing global defense contractor expanded to a second vehicle application.
Product and Technology Advancements
Ultrafast charging 'Infinity' power cell development targeting 5-minute charge/discharge commercialization in 2027; development of 800V DC energy storage systems for data centers; advancement and planned domestic scale-up of next-generation ceramic separator technology; solid-state scale-up equipment installed with sampling planned from April.
Manufacturing Expansion Underway
Jamestown, NY facility upgrades commenced, dry room equipment delivered, hiring underway. Expectation of module/system revenue from Jamestown in late FY2026 and potential cell contributions in FY2027; Ex-Im facility funding in place (drawn $16.4M to date).
Guidance Reaffirmed and Strategic Positioning
Management reaffirmed revenue guidance of 30% growth for fiscal 2026 and highlighted strategic actions including redomicile implications (U.S. domestic filer eligibility) to broaden investor base and liquidity.
ELVA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ELVA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $8.75 | $7.75 | -11.43% |
Dec 10, 2025 | $5.38 | $6.94 | +29.00% |
May 14, 2025 | $2.90 | $3.01 | +3.79% |
May 14, 2025 | $2.90 | $3.01 | +3.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Electrovaya (ELVA) report earnings?
Electrovaya (ELVA) is schdueled to report earning on May 14, 2026, TBA (Confirmed).
What is Electrovaya (ELVA) earnings time?
Electrovaya (ELVA) earnings time is at May 14, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ELVA EPS forecast?
ELVA EPS forecast for the fiscal quarter 2026 (Q2) is 0.01.