Energous Q2 revenue soars, partly on projects with national retail and grocery chains
WATT•Outlook and analyst coverage
Energous said its sales pipeline for H2 2026 is larger and more advanced than ever, and it does not plan to use its ATM program in the next twelve months.
The one available analyst rating on the shares is strong buy. The average consensus recommendation for the electrical components and equipment peer group is buy. Wall Street's median 12-month price target for Energous Corp is $28.25, about 51.4% above its August 11 closing price of $18.66.
Quarterly revenue rises on commercial adoption
Energous said second-quarter revenue rose 217% year over year, marking the sixth straight quarter of growth.
The wireless power technology company posted Q2 revenue of $3.09 million and a net loss of $2.91 million, or $0.53 per share. Operating income was -$3.19 million.
Growth driven by deployments, shipments and certification
The company said revenue growth was driven by expanding deployments with a Fortune 10 customer, a , and proof-of-concept projects with .
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