EVgo

Q3 FY2026 EarningsQ3 FY26 results slightly missed revenue expectations but exceeded consensus on bottom-line GAAP loss. Revenue was $91.4M vs. $94.6M expected, primarily due to a 49% YoY decline in eXtend revenue. However, GAAP EPS of -$0.14 was better than the -$0.12 mean forecast when adjusted for non-controlling interests. The company faces a significant headwind from weaker-than-expected summer utilization and a moderated pace of EV adoption following the expiration of federal tax credits. Notably, a non-binding take-private proposal from LS Power at $2.00 per share was received on November 2, 2026, creating a valuation floor and potential for strategic shift.