Dragonfly Energy Posts Q2 2026 Preliminary Results: Net Sales $13.2M, Adjusted EBITDA $(1.6)M; Guides Q3 Sales ~$13.5M
DFLI is trading near its 52-week low of $1.1 (6.4% above the low).
Summary
Dragonfly Energy reported preliminary Q2 2026 net sales of $13.2 million and Adjusted EBITDA of $(1.6) million, a $3.0 million sequential improvement. The company guided Q3 net sales to ~$13.5 million and expects heavy-duty trucking revenue to more than double sequentially. The Dakota Lithium acquisition is expected to be accretive starting Q4, and debt amendments preserve ~$1 million in near-term liquidity.
Key Events · Earnings and Guidance · DFLI
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Q2 2026 Preliminary Results
Net sales of $13.2 million, gross margin of 33.0%, net loss attributable to common shareholders of $(5.5) million, and Adjusted EBITDA of $(1.6) million — a $3.0 million sequential improvement driven by cost reduction actions.
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Q3 2026 Guidance
Net sales expected to be approximately $13.5 million, with Adjusted EBITDA of approximately $(2.4) million, reflecting temporary costs from facility consolidation and Dakota Lithium integration.
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Heavy-Duty Trucking Ramp
Revenue from heavy-duty trucking expected to more than double sequentially in Q3 as fleet programs expand, with continued growth in Q4 and beyond.
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Dakota Lithium Acquisition Update
Acquisition expected to contribute meaningful revenue and be accretive to Adjusted EBITDA starting in Q4 2026, broadening product portfolio and diversifying revenue beyond RV and trucking.
Analysis · DFLI · Manufacturing
Preliminary Q2 results from Dragonfly Energy show net sales of $13.2 million, matching guidance, while Adjusted EBITDA improved sequentially by $3.0 million to $(1.6) million, thanks to cost-cutting measures. For Q3, the company expects net sales of approximately $13.5 million and Adjusted EBITDA of approximately $(2.4) million, as temporary costs from facility consolidation and the Dakota Lithium integration weigh on the bottom line. The heavy-duty trucking segment is poised to more than double sequentially in Q3, driven by expanding fleet programs. Meanwhile, the Dakota Lithium acquisition—previously disclosed in an 8-K—is expected to deliver meaningful revenue and become accretive to Adjusted EBITDA beginning in Q4. Debt amendments preserve about $1 million of near-term liquidity and push covenant requirements out to September 2027, offering financial breathing room. These results and guidance arrive amid a soft RV market and negative third-party commentary that has pressured DTC sales, but cost actions and new revenue streams are starting to counter the headwinds.
At the time of this filing, DFLI was trading at $1.17 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $15M. The 52-week trading range was $1.10 to $26.10. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.