Evolv Technologies Tops Q2 Estimates and Lifts Full-Year Revenue and ARR Outlook

summarizeSummary

Evolv Technologies reported Q2 revenue of $43.8M, exceeding estimates, and raised its full-year revenue and ARR guidance. The company added 70 new customers and introduced Adjusted EBITDA guidance of $15-$16M for 2026.

check_boxKey Events · Earnings and Guidance · EVLV

• Q2 Revenue Beats Estimates

  Revenue of $43.8M grew 34% YoY, beating consensus by nearly 5%. The company added 70 new customers, and ending ARR reached $132.7M, up 20% YoY.

• Full-Year Guidance Raised

  Management raised 2026 revenue guidance to $180-$185M (from $175-$180M) and ending ARR to $148-$150M (from $145-$150M). Introduced Adjusted EBITDA guidance of $15-$16M with high-single-digit margin.

• Adjusted EBITDA Positive

  Adjusted EBITDA was $4.4M in Q2 (10.1% margin), up from $2.1M a year ago. For the first half, Adjusted EBITDA reached $8.4M, demonstrating improving operating leverage.

• Cash Position Strengthened

  Cash, equivalents, and marketable securities totaled $63.4M at quarter-end, up $2.3M sequentially. Operating cash flow was positive $8.7M in the first half of 2026.

auto_awesomeAnalysis · EVLV · Technology

A strong second quarter saw Evolv Technologies deliver revenue of $43.8M, beating consensus by nearly 5%, while adjusted loss per share of $(0.02) also came in better than expected. The addition of 70 new customers helped push annual recurring revenue to $132.7M, a 20% year-over-year increase. Reflecting confidence in sustained growth and margin expansion, management raised its full-year revenue outlook to $180-$185M and introduced Adjusted EBITDA guidance of $15-$16M. The results and guidance raise arrive just one day after the company settled stockholder derivative lawsuits, removing a legal overhang. With $63.4M in cash and positive operating cash flow, the balance sheet is stable, though the company remains unprofitable on a GAAP basis.