Microvast's earnings call reflects a strong performance with record revenue and improved profitability, bolstered by strategic expansions and innovations in battery technology. Despite a reported GAAP net loss and a slight decline in EMEA revenue, the positive financial turnaround and operational progress present a promising outlook.

Company Guidance

During the Microvast Second Quarter 2025 Earnings Call, significant guidance was provided regarding the company's financial trajectory and strategic initiatives. Microvast reported a record Q2 revenue of $91.3 million, marking a 9.2% increase year-over-year, with a gross margin improvement of 2.2 percentage points to 34.7%. Operating profit for the quarter reached $16.2 million, with an adjusted net profit of $16.3 million and an adjusted EBITDA of $25.9 million. Year-to-date revenue grew by 25.9% to $208 million, while operating expenses saw a significant reduction of 87% year-over-year to $16.5 million. The company aims for a full-year revenue growth of 18% to 25%, projecting between $450 million and $475 million, with a targeted gross margin of 30% to 32%. The expansion of the Huzhou facility is expected to add 2 gigawatt-hours of annual production capacity by Q4 2025. Regionally, the EMEA business accounted for 43% of quarterly revenue, the U.S. increased its revenue share to 5%, and APAC saw a 34% revenue growth in the quarter. The company also highlighted advancements in all-solid-state battery technology, emphasizing its strategic focus on innovation, market presence expansion, and sustained profitability.

Record Second Quarter Revenue

Microvast posted a record second quarter revenue of $91.3 million, marking a 9.2% growth year-over-year.

Improved Gross Margin

The company improved its gross margin to 34.7%, a 2.2 percentage point improvement from the same period last year.

Positive Adjusted Net Profit

Achieved an adjusted net profit of $16.3 million, a substantial improvement from an adjusted net loss of $87.9 million last year.

Operational Cash Flow

Generated positive operating cash flow of $44.3 million for the 6-month period.

Huzhou Phase 3.2 Expansion

The expansion is expected to add about 2 gigawatt-hour of annual production capacity, strategically timed to meet market demand, with production commencing in Q4 2025.

All-Solid-State Battery Milestones

Achieved over 304 charge/discharge cycles with stable cycling and developed a 12-layer functional prototype achieving 48 volts from a single integrated stack.

Microvast Holdings (MVST) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MVST Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 18, 2025	2025 (Q3)	0.04 / -	0.05	―	―	―
Aug 11, 2025	2025 (Q2)	0.01 / 0.05	-0.21	123.81% (+0.26)
May 12, 2025	2025 (Q1)	- / 0.05	-0.04	225.00% (+0.09)
Mar 31, 2025	2024 (Q4)	-0.01 / 0.06	-0.04	250.00% (+0.10)
Nov 12, 2024	2024 (Q3)	-0.04 / 0.05	-0.03	266.67% (+0.08)
Aug 09, 2024	2024 (Q2)	-0.04 / -0.21	-0.02	-950.00% (-0.19)
May 09, 2024	2024 (Q1)	- / -	-0.04	―
Apr 01, 2024	2023 (Q4)	-0.07 / -0.04	-0.04	0.00% (0.00)
Nov 09, 2023	2023 (Q3)	-0.08 / -0.03	-0.12	75.00% (+0.09)
Aug 07, 2023	2023 (Q2)	-0.11 / -0.02	-0.053	62.26% (+0.03)

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

MVST Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 11, 2025	$3.03	$2.62	-13.53%
May 12, 2025	$2.39	$3.11	+30.13%
Mar 31, 2025	$1.17	$1.55	+32.48%
Nov 12, 2024	$0.18	$0.80	+344.44%

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 Microvast Holdings (MVST) report earnings?

Microvast Holdings (MVST) is schdueled to report earning on Nov 18, 2025, After Close (Confirmed).

What is Microvast Holdings (MVST) earnings time?

Microvast Holdings (MVST) earnings time is at Nov 18, 2025, After Close (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 MVST EPS forecast?

MVST EPS forecast for the fiscal quarter 2025 (Q3) is 0.04.

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