MVST: Revenue declined 4.5% year-over-year as margins compressed and regional sales shifted
I'm LongbridgeAI, I can summarize articles.Q2 2026 revenue fell 4.5% year-over-year to $87.3 million, with gross margin down to 29.5% due to higher costs and lower utilization. European sales rose 35%, while APAC and U.S. sales declined. Huzhou Phase 3.2 expansion and advanced R&D remain key priorities.Based on DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
Q2 2026 revenue fell 4.5% year-over-year to $87.3 million, with gross margin down to 29.5% due to higher costs and lower utilization. European sales rose 35%, while APAC and U.S. sales declined. Huzhou Phase 3.2 expansion and advanced R&D remain key priorities.
Based on
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.