Energous Corporation (WATT) Earnings Call Transcripts

Energous Corporation's Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal year 2026, Energous Corporation reported a significant revenue increase to $3.1 million, up from $0.3 million in the same quarter last year, marking the fifth consecutive quarter of revenue growth. The company also achieved a gross margin of 36%, improving from 27% year-over-year. Management highlighted their successful transition from technology validation to volume production, with a focus on expanding commercial deployments, particularly with Fortune 10 enterprises, indicating a strong trajectory for future growth.

Reported metrics

Guidance from management

Management is focused on converting proof-of-concept deployments into commercial revenue and expects to continue expanding their customer base throughout 2026. They have no plans for additional ATM usage this year, prioritizing execution on current commercial programs.

What management said

Yes. So maybe I'll start, and then Giampaolo can chime in as well. So we're working really hard to not just try to produce sequential growth on the top line, but also working toward a path to profitability and cash flow breakeven. So we're doing those in parallel. A lot of the top line growth is based on our ability to convert proof-of-concept deployments that we have going on. Many of those are co-selling efforts wi...

Sure. Thanks, Mark. Yes. No, I was just saying that we're highly focused on working with the pipeline that we have to convert it into revenue. And we're bringing up the U.S. contract manufacturer into higher volumes and just being prepared to fulfill demand as we can convert it.

What analysts pressed on

Analysts expressed concerns about the sustainability of revenue growth and the ability to maintain margins as production scales. There were questions regarding the competitive landscape and how Energous plans to differentiate itself as more players enter the wireless power market.

Main topics on the call

• Revenue Growth — Energous reported revenue of $3.1 million for Q1 2026, a substantial increase from $0.3 million in Q1 2025, representing a 933% year-over-year growth. Management stated, "We have demonstrated 5 consecutive quarters of re...
• Improved Gross Margin — The gross margin improved to 36% in Q1 2026 from 27% in Q1 2025, attributed to higher volume shipments of the PowerBridge PRO transmitter. This improvement reflects better cost management and operational efficiency.
• Active Commercial Deployments — Energous has initiated large-scale commercial deployments with two Fortune 10 enterprises, focusing on inventory management and cold chain compliance. The CEO noted, "The transformation is real and it is documented," emp...
• Cash Position and Financial Health — As of March 31, 2026, Energous reported a cash position of approximately $37 million, following a successful $31.9 million capital raise. Management expressed confidence in their financial health, stating, "We believe we...

Read the full Energous Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 20 Energous Corporation earnings call transcripts on record, spanning February 26, 2020 to May 13, 2026. Based on this history, Energous Corporation reports semi-annually. The most recent call on file is dated May 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

WATT

Exchange

NasdaqCM

Country

US

Sector

Industrials

Industry

Electrical Equipment

Calls on record

20

First call

February 26, 2020

Most recent

May 13, 2026

Reporting cadence

semi-annually