NASDAQ$MVST
Microvast Holdings Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Microvast reported Q1 2026 revenue of $60.6M (-48% YoY) and net profit of $48.2M including fair-value gains, with diluted EPS of $(0.04).
For the quarter ended March 31, 2026, Microvast recorded revenues of $60.6 million, down 48% from $116.5 million a year ago. Reported net profit was $48.2 million, heavily influenced by $63.8 million in fair-value gains on warrants and convertible debt; operating loss was $7.9 million. Diluted EPS was $(0.04).
- Revenue $60.6M (-48% YoY) on EV battery demand softness.
- Net profit inflated by $63.8M non-cash fair-value gains.
- Operating loss $7.9M; gross profit $19.2M.
- Diluted EPS $(0.04) excluding one-time items remains negative.
Headline financials
Revenue & EPS history
Microvast · Revenue · Quarterly
$60.6M
Forward guidance
Commercial vehicle electrification orders and U.S. manufacturing ramp will determine revenue recovery; non-cash fair-value moves can distort GAAP earnings.
Tailwinds
- Non-cash gains produced GAAP profitability.
- Gross margin still positive on lower volume.
Headwinds
- Sharp revenue decline.
- Core operations still loss-making before fair-value items.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
+14.0%
Avg return
Earnings day
+8.6%
Avg return
5 days after
+14.8%
Avg return
30 days after
43%
12 / 28 earnings
Positive
+308.0%
Q3 2024
Best reaction
-29.5%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.6% | -33.8% | -47.4% | |
| Q4 2025 | +7.1% | -30.7% | -19.9% | |
| Q3 2025 | -10.1% | -22.9% | -32.9% | |
| Q1 2025 | +30.0% | +41.4% | +75.7% | |
| Q4 2024 | +32.5% | +53.0% | +60.7% | |
| Q3 2024 | +308.0% | +268.2% | +546.2% | |
| Q2 2024 | -5.2% | -11.4% | -33.3% | |
| Q1 2024 | +8.7% | +11.7% | -6.4% | |
| Q4 2023 | -29.5% | -41.2% | -51.7% | |
| Q3 2023 | +3.0% | -1.1% | -15.6% | |
| Q2 2023 | -2.0% | -16.5% | -11.7% | |
| Q1 2023 | +57.1% | +39.5% | +23.5% | |
| Q4 2022 | -4.6% | -3.8% | -1.5% | |
| Q3 2022 | +8.4% | +9.3% | -14.1% | |
| Q2 2022 | +4.2% | +3.2% | -10.9% | |
| Q1 2022 | +10.8% | +26.3% | -26.3% | |
| Q4 2021 | -4.6% | -17.3% | -31.1% | |
| Q3 2021 | -3.6% | -7.7% | -22.6% | |
| Q4 2020 | -3.6% | -7.7% | -22.6% | |
| Q2 2021 | -6.6% | -14.2% | -11.5% | |
| Q1 2021 | +2.2% | +1.1% | -2.3% | |
| Q3 2020 | -0.3% | +0.5% | +68.6% | |
| Q2 2020 | +0.0% | -0.1% | -0.2% | |
| Q1 2020 | +0.4% | +0.4% | +1.0% | |
| Q4 2019 | -2.9% | -4.3% | -0.1% | |
| Q3 2019 | -0.1% | -0.4% | +0.1% | |
| Q2 2019 | -0.5% | -0.6% | -0.4% | |
| Q1 2019 | -0.2% | -0.1% | -0.1% |
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