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Evolv posts strong revenue growth, revises FY26 guidance up despite margin pressures and stock lows

Company Fundamentals
07 Sep 2026, 16:27 WIB
Seeking Alpha
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Bullish
Evolv posts strong revenue growth, revises FY26 guidance up despite margin pressures and stock lows

Evolv (EVLV), maker of AI-driven security screening products, reported strong revenue growth and improved cash flow, while revising its FY26 guidance upward. Despite facing gross margin pressure from a higher mix of purchase subscriptions and product upgrades, the company is offsetting costs with price increases and manufacturing improvements. Evolv added 70 new customers and sees growth potential with its Gen2 and eXpedite products. Management targets $500 million revenue and 25% adjusted EBITDA margins by 2031, highlighting the company's competitive edge in AI technology and a large addressable market.

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