Evolv Technologies beats second quarter 2026 estimates and raises full-year guidance on record ARR

Evolv Technologies significantly outperformed second quarter expectations, reporting revenue of $43.8 million and a net loss of $0.05 per share. The company added 70 new customers during the quarter and raised its full-year 2026 outlook across revenue and Adjusted EBITDA metrics.

Key Highlights

• Second quarter revenue of $43.8 million surged 34% year-over-year, exceeding analyst estimates of $29.4 million.
• Ending Annual Recurring Revenue (ARR) reached $132.7 million, a 20% year-over-year increase that significantly surpassed the $96.5 million mark targeted by investors.
• The company achieved positive Adjusted EBITDA of $4.4 million, representing an Adjusted EBITDA margin of 10.1%.
• Management raised full-year 2026 revenue guidance to a range of $180 million to $185 million, reflecting growth of approximately 23% to 27% year-over-year.