Evolv Technologies (NASDAQ:EVLV) Posts Earnings Results

Evolv Technologies (NASDAQ:EVLV) posted its quarterly earnings data on Tuesday. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02), Zacks reports. Evolv Technologies had a negative return on equity of 33.53% and a negative net margin of 22.75%.The company had revenue of $43.75 million for the quarter, compared to analyst estimates of $41.80 million.

Here are the key takeaways from Evolv Technologies’ conference call:

• Evolv reported Q2 revenue of $43.8 million, up 34% year over year, while adjusted EBITDA margin expanded to 10.1% from 6.5% and first-half adjusted EBITDA doubled year over year.
• Customer momentum remained strong, with 70 new customers added—the best quarter in two years—while roughly 60% of unit bookings came from existing customers, net revenue retention stayed above 100%, and RPO increased 4.5% sequentially to $312.6 million.
• Adoption of the broader platform is expanding, with more than 100 Evolv eXpedite customers, growing Gen2 upgrades, and new wins across education, healthcare, sports, entertainment, and Fortune 500 workplaces. The company also began shipping through new manufacturing partner Plexus, which it expects to improve capacity, resiliency, and costs over time.
• Evolv raised its 2026 outlook, forecasting revenue of $180 million-$185 million, ARR of $148 million-$150 million, more than 10,000 deployed units, and adjusted EBITDA of $15 million-$16 million.
• Management expects future year-over-year revenue comparisons to be less favorable as the temporary benefit from its 2025 fulfillment-model change rolls off. The 2026 gross-margin outlook also faces pressure from a higher mix of purchase subscriptions, Gen1 upgrade-related costs, and higher component and supply-chain expenses, while a potential $2 million-$4 million inventory investment remains possible.

Evolv Technologies Stock Performance

Shares of NASDAQ EVLV traded down $0.45 during trading on Wednesday, reaching $5.58. 2,290,032 shares of the company traded hands, compared to its average volume of 2,736,716. Evolv Technologies has a 12-month low of $4.86 and a 12-month high of $8.91. The company has a current ratio of 1.21, a quick ratio of 1.14 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.00 billion, a P/E ratio of -24.26 and a beta of 1.80. The firm’s fifty day simple moving average is $5.82 and its 200 day simple moving average is $5.93.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. IFC & Insurance Marketing Inc. purchased a new stake in Evolv Technologies in the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Evolv Technologies by 471.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock valued at $49,000 after purchasing an additional 5,614 shares in the last quarter. Cibc World Markets Corp purchased a new position in shares of Evolv Technologies during the 4th quarter valued at approximately $72,000. Abel Hall LLC acquired a new position in shares of Evolv Technologies in the 4th quarter valued at $79,000. Finally, CW Advisors LLC lifted its stake in shares of Evolv Technologies by 19.0% in the 2nd quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock valued at $79,000 after purchasing an additional 2,014 shares during the period. 66.65% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Evolv Technologies

Here are the key news stories impacting Evolv Technologies this week:

• Positive Sentiment: Evolv reported second-quarter revenue of $43.75 million, exceeding the approximately $41.8 million analyst consensus. The company’s quarterly loss of $0.05 per share also improved substantially from a $0.25 loss a year earlier. Evolv Technologies Q2 earnings report
• Positive Sentiment: Management raised its fiscal 2026 revenue outlook to $180 million-$185 million, above the roughly $177.3 million consensus estimate. The improved outlook and management’s generally positive earnings-call commentary provide a potential growth catalyst. Evolv Technologies boosts outlook
• Neutral Sentiment: The earnings call highlighted the company’s second-quarter performance and updated outlook, but investors will likely continue monitoring whether revenue growth can translate into sustained profitability. Evolv Technologies Q2 2026 earnings call transcript
• Negative Sentiment: Evolv’s adjusted quarterly loss of $0.05 per share missed the approximately $0.03 analyst estimate cited by MarketBeat. The company also remains unprofitable, with a reported negative net margin and negative return on equity, which may have outweighed the revenue beat in the market’s initial reaction. Evolv Technologies earnings results

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EVLV shares. Zacks Research downgraded Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Weiss Ratings upgraded Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. TD Cowen reissued a “buy” rating and issued a $10.00 price objective on shares of Evolv Technologies in a report on Tuesday, June 9th. Finally, Craig Hallum restated a “buy” rating and issued a $11.25 price objective on shares of Evolv Technologies in a research note on Wednesday. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $10.06.

Evolv Technologies Company Profile

Evolv Technologies, Inc is a publicly traded American security technology company that develops and markets AI-driven weapons detection and screening solutions. The company’s proprietary platform combines advanced sensors, computer vision software and machine learning algorithms to identify potential threats—such as firearms and knives—while minimizing false positives and preserving high throughput. Evolv’s systems are designed to replace or supplement traditional metal detectors and manual bag checks in high-traffic venues.

The company’s flagship product, Evolv Express, integrates seamlessly into existing security checkpoints, allowing guests to pass through without stopping or emptying their pockets.