EVgo Q2 revenue beats on increased network throughput - EVGO News | Rallies
EVgo Q2 revenue beats on increased network throughput E EVGO • 2026-08-05 Outlook
EVgo sees 2026 revenue of $400 mln to $430 mln
Company expects 2026 adjusted EBITDA between $(25) mln and $(5) mln
EVgo expects Q1 and Q4 2026 to be strongest for non-charging revenue
Overview
US fast charging network's Q2 revenue beat analyst expectations
Adjusted EBITDA loss widened yr/yr; net loss increased 55%
Company signed agreement with Tesla to deploy EVgo-branded Superchargers
Result Drivers
Charging revenue growth - Charging network revenue rose 19% yr/yr, driven by increased network throughput and more stalls in operationNon-charging revenue decline - Non-charging network revenue fell 54% yr/yr, mainly due to lower eXtend and ancillary revenueTesla partnership - Signed agreement with Tesla to deploy EVgo-branded Superchargers starting in 2026 Key details and analyst coverage Metric Beat/Miss Actual Consensus Estimate
Q2 Revenue Beat $82.65 mln $79.91 mln (7 Analysts) Q2 Loss Per Share $0.15 Q2 Net Loss $46.34 mln Q2 Adjusted EBITDA -$10.57 mln Q2 Adjusted Gross Margin 31.80% Q2 Adjusted Gross Profit $26.28 mln Q2 Capex $33.82 mln
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
Wall Street's median 12-month price target for EVgo Inc is $3.50, about 102.3% above its August 4 closing price of $1.73
GGB
•
2026-08-05
EVGO•
