Kandi Technologies Reports Q2 GAAP EPS of $0.10 and Revenue Growth to $57.1M
Kandi Technologies (NASDAQ: KNDI) reported second-quarter results for fiscal year 2026, with a GAAP earnings per share (EPS) of $0.10 and revenue reaching $57.1 million, representing a 57.3% increase compared to the same period in the prior year. The company also noted an increase in its cash reserves, including cash equivalents, restricted cash, and certificates of deposit, which totaled $285.7 million as of June 30, 2026—up from $211.9 million at the end of December 2025. The strong financial performance was accompanied by a positive market reaction; shares rose approximately 10% following news that Kandi secured its second order linked to Contemporary Amperex Technology Co., Limited (CATL), indicating growing demand for its products and partnerships. The results highlight the company's momentum in expanding revenue while maintaining solid liquidity, which could support further growth initiatives. Investors are closely watching these developments as part of a broader earnings season that includes other major companies like Micron Technology (MU), Nike (NKE), and Carnival Corporation & plc (CCL). Kandi’s performance may influence investor sentiment toward the electric vehicle sector.
Tickers: $KNDI