Evolv Technologies Holdings, Inc. (EVLV)
NASDAQ:EVLV
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.03Last Year’s EPS
-0.02Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated robust top-line growth, meaningful expansion of recurring revenue and contract visibility (ARR and RPO), expanding product adoption (notably Expedite), improved adjusted EBITDA margin and raised full-year revenue guidance. These positives are tempered by a near-term gross margin headwind from the strategic shift to direct fulfillment, higher operating expenses to support scaling, a planned Q2 sequential revenue timing dip, and ongoing but managed supply-chain risks. Management emphasized that margin and cash benefits are expected over the long term, and they reiterated confidence in execution and an improved long-term margin profile.Company Guidance
Strong Top-Line Growth
Q1 revenue of $46.3M, up 45% year-over-year, driven by new customer wins, strong unit deployments, and a step-up in product revenue from transitioning to direct fulfillment (one-time benefit).
Recurring Revenue Expansion (ARR)
Annual recurring revenue (ARR) of $127.3M, up 20% year-over-year, reflecting subscription base scaling and account expansion.
Improved Adjusted Profitability
Adjusted EBITDA of $3.9M with adjusted EBITDA margin expanding to 8.5% in Q1 versus 6.4% in prior-year Q1; company expects full-year adjusted EBITDA margins in the high single digits for 2026 (vs 7.6% in 2025).
Raised Full-Year Guidance
2026 revenue guidance raised to $175M–$180M (from $172M–$178M), implying ~20%–23% year-over-year growth; ARR exit target ~$145M–$150M (20%–25% YoY growth).
Growing Backlog and Contract Visibility (RPO)
Remaining performance obligation (RPO) grew to $299M, up 18% year-over-year, supported by upgrades to Gen2 Express and stronger short- and long-term demand.
Unit Deployment Scale Targets
On track to be comfortably over 10,000 units deployed by year-end 2026; company indicated H2 deployments will exceed H1 and H2 unit deployments expected to grow >25% year-over-year.
Product Adoption and Cross-Sell Momentum (Expedite)
Expedite bag-scanning solution now has >75 customers (~6% of base, up from ~1% a year ago); in Q1, 19% of new customers purchased Expedite (usually alongside Express), with a cited school deployment showing <2% alert rate on >300k scanned bags over six months.
Customer Wins Across Key Verticals
Added ~50 new customers in Q1, serving ~1.3k customers total; notable wins across education, healthcare (e.g., BronxCare, WVU Health System), professional sports and live entertainment (e.g., Subaru Park, multiple playoff teams), and enterprise (including one of the world's most valuable tech companies); now serving >30 Fortune 500 companies.
Operational Partnerships and Supply-Chain Progress
Strategic contract manufacturing partnership with Plexus onboarding as planned (expected complete by end of quarter) to expand production capacity and global reach; semiconductor constraints largely mitigated for near-term delivery plans.
Long-Term Leverage Opportunity
Management increased confidence that long-term adjusted EBITDA margin potential exceeds the prior 10%–15% target due to growing installed base, higher adoption of Expedite, improved customer acquisition efficiency, and operating scale.
Positive Cash Flow Outlook
Cash, cash equivalents and marketable securities were $61M at quarter end (down ~$8M sequentially primarily for annual incentive payments); company expects to be cash-flow positive in 2026.
EVLV 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
EVLV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | $6.96 | $6.02 | -13.51% |
Mar 10, 2026 | $5.25 | $5.75 | +9.52% |
Nov 13, 2025 | $6.58 | $6.00 | -8.81% |
Aug 14, 2025 | $7.37 | $7.75 | +5.16% |
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 Evolv Technologies Holdings, Inc. (EVLV) report earnings?
Evolv Technologies Holdings, Inc. (EVLV) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Evolv Technologies Holdings, Inc. (EVLV) earnings time?
Evolv Technologies Holdings, Inc. (EVLV) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is EVLV EPS forecast?
EVLV EPS forecast for the fiscal quarter 2026 (Q2) is -0.03.