Microvast Q2 rev $87.3M (-4.5% YoY); adj. EBITDA plunges to $3.6M from $25.9M

Microvast Holdings, Inc.

2026-Q2 EPS reported -$0.06 vs consensus $0.00 ▼ miss (-6000000.0%)

Q2 revenue $87.3M, down 4.5% YoY; gross margin fell to 29.5% from 34.7%.
Net loss narrowed to $12.0M from $106.1M on lower warrant/convertible fair-value charges; adj. net loss $5.3M vs adj. profit $16.3M.
Non-GAAP adj. EBITDA $3.6M vs $25.9M in Q2 2025; adj. EPS -$0.01 vs +$0.05.
YTD revenue down 28.8% to $147.9M on India/Korea dynamics and OEM ramp-up delays; $2.7M IEEPA tariff refunds hit revenue.
Cash $143.1M at June 30 vs $169.2M at Dec 31; Huzhou Phase 3.2 to add up to 2 GWh; Clarksville pack localization by year end.

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