Electrovaya Inc. (TSE:ELVA)
NASDAQ:ELVA
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Earnings Data
Report Date
Aug 18, 2026TBA (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.04Last Year’s EPS
0.03Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive operating and financial picture: double-digit revenue growth, expanded margins, improving profitability (notably a 404% increase in 6-month net profit), stronger adjusted EBITDA and a healthier liquidity position. These financial gains are complemented by tangible product commercialization progress (robotics shipments, high-voltage systems, defense shipments), advanced technology development (niobium fast-charge, ceramic separators, energy storage platforms) and visible Jamestown site progress. Offsetting risks include supply chain-related shipment delays (~$1.4M of finished goods), order-timing uncertainty amid geopolitical and energy-price headwinds (potential shifting of some demand into FY2027), and higher total debt due to EXIM drawdowns. On balance, the financial strength and commercial/technology momentum outweigh the execution and timing risks highlighted by management.Company Guidance
Revenue Growth
Q2 revenue of $18.0M vs $15.0M prior year, up 20% YoY; 6-month revenue of $33.6M vs $26.2M prior year, up 28% YoY.
Gross Margin Expansion
Q2 gross margin improved to 33.4% from 31.1% prior year (+230 basis points); 6-month gross margin 33.2% vs 30.9% prior year.
Profitability and Earnings Momentum
Operating profit Q2 $2.2M vs $1.4M prior year (+56%); 6-month operating profit $3.6M vs $1.2M prior year (+195%). Q2 net profit $1.0M vs $0.8M prior year and 6-month net profit $2.1M vs $0.4M prior year (+404%). This was the fifth consecutive quarter of net profit and positive EPS.
Adjusted EBITDA Strength
Adjusted EBITDA Q2 $2.8M vs $2.0M prior year (+41%); 6-month adjusted EBITDA $4.8M vs $2.6M prior year (+89%). Adjusted EBITDA margin was 15.7% of sales in Q2 and 14.3% for the 6 months.
Cash Position and Liquidity
Unrestricted cash on hand of $20.4M and $7.8M available in banking facility. Company generated positive cash provided by operating activities of $4.3M vs $3.2M prior year. Net working capital improved to $57.8M vs $26.2M prior year and current ratio increased to 7.7 from 3.9.
Commercial Product Traction (Robotics, Defense, High-Voltage)
Commenced commercial deliveries of battery systems for robotics and shipments to two defense contractors; shipped 300 packs in the quarter for robotics (robotics is the #2 revenue contributor after material handling). Also commenced shipments of high-voltage battery systems with expected revenue contribution starting in FY2027.
Jamestown Manufacturing Progress
Significant site progress: dry room construction underway, reinforced floors, infrastructure equipment on site, and key hires (cell manufacturing lead Ok-soo Han and additional process engineers). Factory acceptance testing for cell production lines planned in Korea starting late summer; production targeted to commence in 2027.
Advanced Technology & Energy Storage Development
Advancing ceramic separator program, solid-state work accelerated after dry room upgrade, and ultra-fast charging niobium-oxide anode cells demonstrated ~5-minute charge/discharge (cells ~40Ah, >10C). Targeting customer sampling this year and commercial availability in 2027. Energy storage platforms (AC 1,500V and DC 800V) being developed for mission-critical applications with UL 9540A certification goals; Department of Energy project win noted.
Backlog/Pipeline Visibility
Combined backlog/frontlog/pipeline cited in press materials of approximately $100M–$125M (primarily material handling), providing multi-year visibility for current volumes and supporting planned capacity expansion.
Airport and Field Pilots Progressing
Airport ground support equipment trials progressing; demonstration battery systems are operating commercially at multiple airports (previously referenced as pilots at two airports).
TSE: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
TSE:ELVA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2026 | C$15.33 | C$13.19 | -13.96% |
Feb 12, 2026 | C$11.86 | C$10.51 | -11.38% |
Dec 10, 2025 | C$7.44 | C$9.56 | +28.49% |
May 14, 2025 | C$4.05 | C$4.18 | +3.21% |
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 Inc. (TSE:ELVA) report earnings?
Electrovaya Inc. (TSE:ELVA) is schdueled to report earning on Aug 18, 2026, TBA (Confirmed).
What is Electrovaya Inc. (TSE:ELVA) earnings time?
Electrovaya Inc. (TSE:ELVA) earnings time is at Aug 18, 2026, TBA (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 TSE:ELVA EPS forecast?
TSE:ELVA EPS forecast for the fiscal quarter 2026 (Q3) is 0.04.