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.
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.