Microvast Holdings Inc (NAS:MVST)

Q1 2026 Microvast Holdings Inc Earnings Call Transcript

May 11, 2026 / 09:00 PM GMT

Release Date Price: $2.02 (-5.16%)

Transcript 8-K10-Q

Key Points

Positve

Microvast Holdings Inc (MVST) launched next-generation 290-amp hour LFP-based battery packs, designed for a wide range of commercial and heavy-duty industry applications.
The company reported a strong gross profit margin of 31.6%, demonstrating effective cost management despite lower volumes.
Microvast Holdings Inc (MVST) is progressing well with its Huzhou Phase 3.2 expansion, which is expected to add up to 2 gigawatt hours of annual production capacity.
The company is targeting the electrification of the U.S. school bus market with its CUFF electric powertrain solution, aiming to reduce costs and reliance on subsidies.
Microvast Holdings Inc (MVST) is focusing on high-value market capture by deploying its newest innovations into high-barrier segments, such as heavy industries and transit.

Negative

First quarter revenue decreased by 48% year-over-year, primarily due to a reduction in sales volume.
The company faces external pressures on its gross margin, including inflationary trends in raw material pricing and elevated logistics and freight expenses.
Microvast Holdings Inc (MVST) reported an adjusted net loss of $14.6 million compared to an adjusted net profit of $19.3 million last year.
The company experienced a decrease in revenue across key regions, including a 66% decline in APAC revenue due to shifting regulatory and geopolitical dynamics.
Net cash used in operating activities was $22.8 million, a significant decrease compared to $7.2 million generated by operating activities in the same period of 2025.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MVST.OQ - Microvast Holdings Inc
Q1 2026 Microvast Holdings Inc Earnings Call
May 11, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. This is the conference operator.

Welcome to the MicroVAS First Quarter 2026 Earnings Call.

As a reminder, all participants are on a listen-only mode, and the conference is being recorded. I would now like to turn the conference over to Michael Vest, Investor Relations. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator, and thank you, everyone, for joining our update today. This is Rodney Wortham, Chief Financial Officer of Microvest, and with me on today's call is Mr. Yang Wu, Founder, Chairman,

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