Dragonfly Energy Projects $13.2M Q2 Sales on Truck Orders

Dragonfly Energy Holdings Corp. (DFLI) expects second-quarter net sales of approximately $13.2 million, the company announced on May 15, 2026. This preliminary forecast is primarily attributed to growing order momentum from its Original Equipment Manufacturer (OEM) partners, particularly within the commercial trucking and Recreational Vehicle (RV) industries. The guidance suggests a sequential increase in revenue and highlights the company's strategic focus on expanding its footprint in industrial and mobile power applications, moving beyond its direct-to-consumer roots.

What is Driving the Sales Forecast?

The projected $13.2 million in Q2 sales reflects strengthening demand for Dragonfly’s deep-cycle lithium-ion batteries. These power systems are critical for auxiliary functions in commercial trucks and RVs, such as operating sleeper cab electronics, liftgates, and refrigeration without idling the main engine. This demand translates into larger, more consistent orders from OEMs who integrate these batteries directly into their new vehicles on the assembly line.

The forecast represents a notable increase from the company's reported Q1 2026 net sales of $11.5 million. This sequential growth underscores the traction Dragonfly is gaining in the B2B market. The company’s flagship brand, Battle Born Batteries, has established a strong reputation in the consumer market, which is now helping to secure larger-volume OEM contracts. The shift towards OEM sales provides a more predictable revenue stream compared to the more volatile direct-to-consumer channel.

How Does This Compare to Performance and Expectations?

Dragonfly's Q2 forecast of $13.2 million indicates positive year-over-year growth. For comparison, the company posted net sales of $12.1 million in the same quarter of the prior year, Q2 2025. This projected 9% increase demonstrates sustained demand for its products despite broader economic variables that can affect its core markets. The performance is a key indicator for investors tracking the company's ability to scale its operations.

The figure aligns with the company's previously stated full-year 2026 revenue guidance of between $60 million and $70 million. Achieving the Q2 forecast would keep Dragonfly on pace to meet its annual targets. Management has emphasized the expansion of its OEM partnerships as a cornerstone of its growth strategy, and these results provide early validation of that approach.

Which Markets Are Key for Growth?

While the recent announcement emphasizes the trucking sector, Dragonfly’s growth is spread across several key markets. The RV industry remains a primary revenue driver, with manufacturers increasingly offering high-capacity lithium-ion batteries as standard or premium options. The marine and off-grid residential markets also represent significant opportunities for the company's storage solutions.

A critical aspect of this growth is the increasing contribution from the OEM channel. Company filings indicate that OEM sales now account for approximately 40% of total revenue, a significant rise from just 30% in the previous year. This strategic pivot reduces customer acquisition costs and smooths out seasonal demand fluctuations often seen in the direct-to-consumer segment. Securing long-term contracts with vehicle manufacturers is central to this strategy.

What Risks Does the Company Face?

Despite the positive sales forecast, Dragonfly Energy operates in markets with inherent risks. The company's primary end markets, RVs and commercial trucking, are highly cyclical and sensitive to economic downturns. A slowdown in consumer discretionary spending or industrial activity could lead to reduced vehicle orders, directly impacting Dragonfly's sales. For instance, the broader RV market experienced a 5% contraction in wholesale shipments during the last economic downturn.

the company is exposed to supply chain volatility for raw materials like lithium and cobalt. Price fluctuations or logistical disruptions can impact production costs and gross margins. Competition is also intensifying, with both established battery manufacturers and new entrants vying for market share in the electrification space. Dragonfly's ability to maintain its technological edge and manage its supply chain will be critical for sustained growth.

Q: What is Dragonfly Energy's primary product line?

A: Dragonfly Energy's main products are deep-cycle Lithium Iron Phosphate (LiFePO4) batteries sold under the Battle Born Batteries brand. These are designed for demanding applications requiring long-lasting, reliable power storage, such as in RVs, boats, commercial trucks, and off-grid solar energy systems. The company focuses on the 12V, 100Ah form factor as a popular drop-in replacement for traditional lead-acid batteries.

Q: Does Dragonfly Energy have partnerships with major truck manufacturers?

A: The company's announcement of building momentum in trucking orders indicates it is strengthening its relationships with truck and trailer OEMs. While specific new partnerships were not named, Dragonfly has an established history of supplying major RV manufacturers like THOR Industries. The growth in this channel suggests its strategy of embedding its products into the manufacturing process of large-scale vehicle producers is yielding positive results.

Q: What is the company's ticker symbol and where is it traded?

A: Dragonfly Energy Holdings Corp. is a publicly traded company. Its common stock is listed on the Nasdaq stock exchange under the ticker symbol DFLI. The company went public via a SPAC merger in late 2022, providing it with capital to expand its manufacturing and research capabilities.

Bottom Line

Dragonfly Energy's projected $13.2 million in Q2 sales signals growing OEM traction, particularly within the commercial trucking and RV sectors.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. CFD trading carries high risk of capital loss.