Elauwit (ELWT) Q2 2026 Earnings Call: Contracted Units Rise 33%
Source Tradingkey
Key Takeaways
- Q2 2026 revenue fell 46% year over year to $2.9 million, mainly due to the timing of variable construction and installation projects.
- Contracted units increased 33% year over year to 42,687. Elauwit added nearly 5,900 units across 21 properties during the quarter and signed more than 10,000 units in the first half.
- Activated units rose 94% to 27,134, while billed units increased 163% to 22,967, expanding the base expected to generate recurring service revenue.
- Elauwit reported a Q2 net loss of $3.1 million and an adjusted EBITDA loss of $3.0 million, reflecting public-company expenses and investment in sales, marketing and efficiency initiatives.
- Management expects construction activity to be weighted toward the second half of 2026 and aims to exceed 50,000 contracted units by year-end.
- Contracted backlog reached more than $38.9 million. The company also identified approximately $1.9 million in annualized operating cost benefits.
Core Financial Data
| Metric | Q2 2026 | Year-over-year comparison | Commentary |
|---|---|---|---|
| Revenue | $2.9 million | Down 46% | Construction and installation timing reduced revenue |
| Cost of revenue | $2.4 million | $4.5 million in Q2 2025 | Declined with lower construction activity |
| Gross profit | $0.4 million | $0.8 million in Q2 2025 | Lower construction revenue weighed on profit |
| Gross margin | 15.5% | 15.1% in Q2 2025 | Increased by 40 basis points |
| Operating expenses | $3.5 million | $1.5 million in Q2 2025 | Higher scale, public-company costs and growth investments |
| Operating loss | $3.1 million | $0.7 million loss in Q2 2025 | Higher expenses and lower revenue |
| Net loss | $3.1 million | $0.9 million loss in Q2 2025 | Sales, marketing and public-company costs increased |
| Adjusted EBITDA | $(3.0) million | $(0.7) million in Q2 2025 | Non-GAAP loss widened |
| First-half revenue | $7.3 million | Down 32.4% | New construction is weighted toward the second half |
| Contracted backlog | More than $38.9 million | $35.9 million at June 30, 2025 | Includes installations and long-term recurring services |
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Why are prediction market traders suddenly bearish on Nvidia's stock?Nvidia (NASDAQ: NVDA) stock is still green for 2026, but the trade no longer looks clean from the company that outperformed every other company and country in 2024 and 2025. NND is up about 12% this year, yet they have slipped roughly 3% over the past month. The gap with the rest of the chip...
Nvidia (NASDAQ: NVDA) stock is still green for 2026, but the trade no longer looks clean from the company that outperformed every other company and country in 2024 and 2025. NND is up about 12% this year, yet they have slipped roughly 3% over the past month. The gap with the rest of the chip...
Reddit shares surged 11% in extended trading Thursday after S&P Dow Jones Indices confirmed the platform will join the S&P 500.Reddit is only the second pureplay social media stock in the benchmark in
Wall Street’s biggest bears have gone quiet on 5% Treasury yields. Bank of America Private Bank Chief Investment Officer Chris Hyzy says the level no longer scares stocks the way it once did.The bigge
Nike (NKE) closed at $39.09 on Monday. That is its weakest close since September 2014. The stock sits about 78% below its 2021 record. Bitcoin has not fallen that far in this bear market.Nike is a Dow
Elon Musk owns 48.4% of SpaceX (SPCX) on paper. What he owns outright today is closer to 36%, or roughly $708 billion.Friday’s headlines put the stakes at over $900 billion. Musk replied that the numb
