Microvast Backs FY25 Revenue View $450M-$475M, Consensus $469.46M

Microvast has announced its FY25 revenue guidance of $450M-$475M, which is in line with the consensus estimate of $469.46M. The company provides technology and services to the automotive and energy industries.

Microvast Holdings, Inc. (NASDAQ: MVST), a leading provider of advanced battery solutions, has announced its fiscal year 2025 (FY25) revenue guidance of $450 million to $475 million. This guidance aligns closely with the consensus estimate of $469.46 million, reflecting the company's strategic focus on the automotive and energy industries [1].

The company's second-quarter (Q2) 2025 earnings report highlighted a 9.2% year-over-year revenue growth to $91.3 million, despite missing analyst expectations. Microvast's gross margin improved to 34.7% from 32.5% in Q2 2024, indicating enhanced operational efficiency and cost management [2]. Adjusted EBITDA turned positive at $25.9 million, compared to a negative $78.4 million in the same period last year [1].

Microvast's revenue guidance for FY25 is driven by increasing demand for advanced battery solutions, particularly in the electric vehicle (EV) and industrial energy storage sectors. The company's Phase 3.2 Huzhou expansion, which is expected to add 2 GWh of annual capacity by the end of the year, underscores its commitment to meeting surging demand [2].

The company's interim CFO, Rodney Worthen, was appointed in August 2025, signaling a strategic realignment aimed at accelerating profitability. Microvast's True All-Solid-State Battery (ASSB) technology, which eliminates liquid electrolytes and employs a bipolar stacking architecture, positions the company to capture a significant share of the $19.14 billion solid-state battery market by 2033 [2].

Despite the revenue miss in Q2, Microvast's cash reserves grew to $138.8 million by the end of the quarter, providing a financial buffer for its expansion and research and development (R&D) initiatives [2]. The company's partnership with Evoy to expand into marine electrification opens a $200 billion global market with minimal saturation, further bolstering its growth prospects [2].

Microvast's stock recently traded at 16 times the next 12-month earnings, compared to a P/E of 93 three months ago, reflecting investor sentiment and the company's strategic positioning [1]. The current average analyst rating on the shares is "buy," with a breakdown of recommendations including 2 "strong buy" or "buy," 1 "hold," and no "sell" or "strong sell" [1].

Investors should closely monitor Microvast's ability to sustain its margin expansion and scale production to meet its FY25 revenue guidance. The company's strategic initiatives and technological leadership in the solid-state battery sector present both risks and opportunities in the long term [2].

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_PLX40491D:0-battery-maker-microvast-q2-revenue-misses-expectations/
[2] https://www.ainvest.com/news/microvast-q2-revenue-strategic-turnaround-potential-battery-sector-2508/