Microvast Q2 FY26 net loss narrows to $12 million; revenue drops 4.5% to $87.3 million

Reuters2026/08/10 21:07

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Microvast posted Q2 2026 revenue of USD 87.3 million, down 4.5% year over year.
Net loss narrowed to USD 12 million from USD 106.1 million a year earlier.
Gross margin fell 5.2 percentage points to 29.5% on higher raw material prices, lower production utilization, partly offset by IEEPA tariff refunds.
Operating expenses rose to USD 27.5 million from USD 23.7 million year over year.
Management flagged Huzhou Phase 3.2 as on track for up to 2 GWh capacity, with Clarksville pack-line localization set to start by year-end.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Microvast Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608101700PRIMZONEFULLFEED9807145) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Microvast Q2 FY26 net loss narrows to $12 million; revenue drops 4.5% to $87.3 million

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