Q2 FY'26 Performance - Net sales reached $951 million, an increase of 8% year-over-year[12,37] - Adjusted EPS ex 45X was $1.51, up 15% year-over-year[11,12] - Adjusted operating earnings were $130 million, a 13% increase year-over-year, or a 10% increase excluding 45X benefits[12] - Free cash flow was $197 million, a significant increase of $194 million year-over-year[12] - Adjusted gross margin was 29.1%, up 40 bps year-over-year, but excluding 45X, it was 24.9%, flat year-over-year[13] Tariff Mitigation - The company faces approximately $70 million in annualized tariff exposure[17] - 78% of US supply is sourced from US or USMCA compliant regions, limiting tariff exposure[22] - 65% of global revenue is in the US[22] Demand Trends - Q2'26 orders decreased 1% year-over-year and 7% quarter-over-quarter[28] - Q2'26 book-to-bill ratio was 0.90, down year-over-year and quarter-over-quarter[28] - Q2'26 backlog decreased 8% year-over-year and 10% quarter-over-quarter[26] Q3'26 Guidance - Net sales are projected to be between $920 million and $960 million, representing a 4% year-over-year increase at the midpoint[57] - Adjusted EPS is expected to be between $2.71 and $2.81, but excluding 45X, it's projected at $1.64 to $1.74, a 46% increase[57] - The company anticipates a $35 million to $40 million IRC 45X benefit to the cost of sales[57]

Core Insights - Flux Power Holdings, Inc. has announced new purchase orders totaling approximately $2.4 million, indicating strong demand for its lithium-ion energy storage solutions in material handling electrification [1][2][3] - The orders include $1.4 million from a leading global food and beverage distribution company and $1.0 million from a global industrial equipment manufacturing customer, highlighting the company's momentum in key industries [1][2] Company Performance - The repeat orders reflect strong customer satisfaction and ongoing trust in Flux Power's technology, service, and brand, contributing to consistent revenue growth [2][3] - Flux Power's Chief Revenue Officer emphasized that the recurring business demonstrates customers' reliance on the company's technology and the value derived from data insights provided by its intelligent lithium batteries [3] Industry Trends - The continued strength of recurring customer orders reinforces the steady transition of the industry toward electrification, as companies seek to enhance productivity, safety, and sustainability [3] - Flux Power's solutions are transforming material handling and other industrial operations by reducing emissions, increasing efficiency, and simplifying fleet energy management [3][4] Product Offering - Flux Power designs, manufactures, and sells advanced lithium-ion energy storage solutions for various industrial and commercial sectors, providing a more environmentally friendly alternative to traditional lead-acid and propane-based solutions [4] - The company's lithium-ion battery packs help reduce CO2 emissions and improve sustainability and ESG metrics for fleets [4]

Core Insights - HS Hyosung Advanced Materials Corporation is expanding into the battery materials sector by acquiring an 80% stake in Extra Mile Materials BV, a subsidiary of Umicore BV, which will enable Hyosung to enter the growing global battery materials market [1][2][3] Group 1: Acquisition Details - The acquisition involves Hyosung purchasing an 80% stake in Extra Mile Materials BV, with Umicore retaining a 20% stake [2] - Hyosung's investment in Umicore amounts to EUR 120 million, and a separate joint venture is planned, pending Belgian government approval [3] Group 2: Market Outlook - The global battery materials market is expected to grow significantly, with electric vehicles projected to account for 40% of global vehicle sales by 2030, up from 20% currently [2] Group 3: Technological Advancements - Hyosung anticipates that silicon anodes will replace graphite anodes in lithium-ion EV batteries due to their higher energy density, faster charging capabilities, and improved driving range [4] - Umicore's silicon-anode technology, protected by over 30 patent families, is designed to provide key benefits for the EV industry, including enhanced energy density and reduced costs [5]

Core Insights - A new company, Jiangsu Li Auto Battery Co., Ltd., has been established, focusing on battery manufacturing and sales, as well as research and development in emerging energy technologies [1] - The registered capital of the new company is 70 million RMB [1] - The company is wholly owned by Shandong Li Auto Battery Co., Ltd., which is jointly held by Beijing Li Auto Co., Ltd. and Xinwanda Power Technology Co., Ltd. [1] Company Overview - Jiangsu Li Auto Battery Co., Ltd. is involved in various operations including battery manufacturing, sales, and electric vehicle charging infrastructure [1] - The establishment of this company indicates Li Auto's strategic move to enhance its capabilities in battery technology and electric vehicle support systems [1] Industry Implications - The formation of this new battery company aligns with the growing demand for electric vehicles and the need for advanced battery solutions in the automotive industry [1] - This development may contribute to the competitive landscape of the electric vehicle market, particularly in battery technology and infrastructure [1]

Financial Performance - Revenue reached $8 million, an 85% year-over-year increase compared to $4.3 million in Q3 2024[6, 23] - Non-GAAP gross profit was $1.7 million with a 21% margin, a significant improvement from the loss in the prior year[6, 23] - Adjusted EBITDA loss improved by $2.3 million year-over-year, with a loss of $21.4 million[6] - Non-GAAP EPS was ($0.14), showing a $0.02 year-over-year improvement[6] - Cash, cash equivalents, and marketable securities totaled $648 million, a 223% increase year-over-year[8] Operational Highlights - The AI-1 smartphone battery's performance was validated by an independent testing firm, confirming the highest energy density reported for a smartphone battery[8] - The company delivered over 1,000 battery packs to a lead smart eyewear customer and samples to 9 other OEMs and ODMs, with some expecting product launches in 2026[8] - The global pipeline for Defense & Industrial sector exceeds $80 million, driven by diversified supply chain advantages[8, 16] Capital Markets Activities - The company completed a shareholder-friendly warrant dividend and issued new convertible notes due in 2030[8] - $360 million 4.75% Convertible Senior Notes due 2030 were issued in September 2025[21] - Approximately $58 million of common stock was repurchased[21]

Core Viewpoint - EnerSys, a global leader in stored energy solutions, has declared a quarterly cash dividend of $0.2625 per share, payable on December 26, 2025, to shareholders of record as of December 12, 2025 [1] Company Overview - EnerSys specializes in stored energy solutions for industrial applications, including the design, manufacturing, and distribution of energy systems solutions and motive power batteries, as well as specialty batteries [1]

Core Insights - SES AI Corporation reported a revenue of $7.1 million for the third quarter of 2025, marking an increase of $3.6 million compared to the second quarter of 2025 [1] Financial Performance - The company affirmed its previously issued financial guidance for the year ending December 31, 2025 [1]

Core Insights - Enovix Corporation has made significant progress towards the commercialization of its AI-1™ battery technology, particularly with its lead smartphone customer, which is expected to launch soon [2][5] - The company reported a substantial increase in revenue and improved gross margins in Q3 2025, reflecting operational efficiencies and increased sales [4][6] - Enovix has strengthened its balance sheet with $648 million in cash and equivalents, positioning itself for future growth and customer qualification [8][10] Financial Performance - Q3 2025 revenue reached $8.0 million, an 85% increase year-over-year from $4.3 million in Q3 2024 [4][6] - Gross profit improved to $1.4 million, compared to a loss of $0.6 million in Q3 2024, resulting in a gross margin of 18% [4][6] - Operating expenses remained stable at $48.4 million, with a loss from operations of $47.0 million, slightly better than the $49.3 million loss in Q3 2024 [4][6] Business Highlights - The AI-1 battery has been validated as having the highest energy density for smartphone batteries, with ongoing lifecycle testing by the lead customer [5][6] - Enovix has delivered over 1,000 battery packs to its smart eyewear customer and samples to nine other OEMs, with product launches expected in 2026 [5][6] - The company has seen record shipments to defense customers, with a global pipeline exceeding $80 million [5][6] Manufacturing and Expansion - Manufacturing capabilities at Fab2 are progressing, with yield improvements and increased throughput in Zone 4 [5][6] - Enovix is building its first Korea-based cell-manufacturing capability for 100% active silicon-anode technology [5][6] Future Outlook - The company anticipates continued revenue growth in Q4 2025, with guidance for revenue between $9.5 million and $10.5 million [10] - Non-GAAP loss from operations is expected to be between $30.0 million and $33.0 million for Q4 2025 [10]

Core Points - Electrovaya Inc. announced the pricing of its public offering of 4,700,000 common shares at a price of US$5.20 per share [1] - The company has granted underwriters a 30-day option to purchase an additional 705,000 common shares at the public offering price, excluding underwriting discounts and commissions [1] Company Overview - Electrovaya is a leading lithium-ion battery technology and manufacturing company [1] - The company is listed on both NASDAQ and TSX under the ticker symbols ELVA [1]

Core Insights - JD.com, GAC Aion, and CATL launched the "National Good Car" Aion UT super, marking a significant collaboration in the electric vehicle market [1][3] Group 1: Product Features - The Aion UT super is designed to meet user demands across four key dimensions: long range, spaciousness, intelligence, and safety [3] - It features a 500 km range with rapid battery swapping in 99 seconds, earning the title "National Range King" [3] - The vehicle has a B-class wheelbase of 2750 mm, providing a spacious interior, thus referred to as the "National Space King" [3] - It is equipped with Huawei's cloud vehicle system, offering extensive smart features, termed the "National Smart King" [3] - Safety features include a unique reversing assistant and 540-degree panoramic imaging, enhancing driving stability and safety, known as the "National Obstacle Avoidance King" [3] Group 2: Market Strategy - JD.com focuses on user insights and sales channels without direct involvement in manufacturing [3] - Research indicates that 83% of users expect a price below 100,000 yuan, with 94% prioritizing spaciousness and comfort, and 99% considering safety as the top priority [3] - The Aion UT super 001 special edition was auctioned for 78.19 million yuan, highlighting market interest [5] - The vehicle is positioned as a pure electric compact SUV, emphasizing high cost-performance and long range, set to launch on JD.com on November 11, 2025 [5]