Evolv Technologies Beats Q2 Revenue, Raises 2026 Outlook on Surging Adoption
EVLV sits 27% above its 52-week low of $4.865.
Summary
Evolv Technologies delivered a strong Q2, with revenue of $43.8M beating consensus by nearly 5% and adjusted loss per share meeting expectations. The company raised its full-year 2026 revenue guidance to $180M-$185M, up from $175M-$180M, and now sees adjusted EBITDA of $15M-$16M with high single-digit margins. Growth was fueled by 70 new customer additions and accelerating adoption of its Evolv eXpedite product, alongside improved renewal trends. This follows a Q1 that already showed 45% revenue growth, indicating sustained momentum. The raised outlook and demand drivers suggest the security screening firm is scaling faster than anticipated.
Updates
· SEC 10-Q — 10-Q shows Q2 revenue $43.8M, net loss $9.3M, and remaining performance obligations of $312.6M as of June 30, 2026.
At the time of this announcement, EVLV was trading at $6.19 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $4.87 to $8.91. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.