--- title: "EVgo | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 82.65 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294960691.md" datetime: "2026-08-05T11:42:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294960691.md) - [en](https://longbridge.com/en/news/294960691.md) - [zh-HK](https://longbridge.com/zh-HK/news/294960691.md) generator: "portal-rs" --- # EVgo | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 82.65 M Revenue: As of FY2026 Q2, the actual value is USD 82.65 M, beating the estimate of USD 82.39 M. EPS: As of FY2026 Q2, the actual value is USD -0.15. EBIT: As of FY2026 Q2, the actual value is USD -33.43 M. #### Revenue Total revenue for the second quarter ended June 30, 2026, was $82,648 thousand, a decrease of 16% year-over-year. For the six months ended June 30, 2026, total revenue was $192,179 thousand, an increase of 11% compared to the same period in 2025. Charging network revenue increased by 19% year-over-year to $61,421 thousand in Q2 2026. Year-to-date, charging network revenue increased by 18% to $117,138 thousand. Non-charging network revenue decreased by 54% year-over-year to $21,227 thousand for Q2 2026. This included eXtend revenue of $18,017 thousand (-52% YoY) and AV and ancillary revenue of $3,210 thousand (-64% YoY). For the six months ended June 30, 2026, total non-charging network revenue increased by 1% to $75,041 thousand, with eXtend revenue at $51,204 thousand (-16% YTD) and AV and ancillary revenue at $23,837 thousand (76% YTD). #### Gross Profit and Margin Gross profit was $7,342 thousand, a decrease of 47% year-over-year, with a gross margin of 8.9%, a decrease of 530 basis points. For the six months ended June 30, 2026, gross profit was $20,300 thousand (-13% YTD) and gross margin was 10.6% (-280 bps YTD). Adjusted Gross Profit was $26,283 thousand (-7% YoY), and Adjusted Gross Margin was 31.8% (up 290 bps YoY). Year-to-date, Adjusted Gross Profit was $55,916 thousand (4% YTD) and Adjusted Gross Margin was 29.1% (-190 bps YTD). Charging Network Gross Profit was $22,174 thousand (15% YoY) with a Charging Network Gross Margin of 36.1% (-110 bps YoY). Year-to-date, Charging Network Gross Profit was $42,292 thousand (15% YTD) and Charging Network Gross Margin was 36.1% (-110 bps YTD). #### Operating Profit / Loss Operating loss was - $40,148 thousand, an increase of 30% year-over-year. For the six months ended June 30, 2026, operating loss was - $76,493 thousand, an increase of 19% compared to the same period in 2025. #### Net Loss Net loss was - $46,342 thousand, an increase of 55% year-over-year. For the six months ended June 30, 2026, net loss was - $83,323 thousand, an increase of 49% compared to the same period in 2025. #### Adjusted EBITDA Adjusted EBITDA was - $10,573 thousand, a change of 447% year-over-year. For the six months ended June 30, 2026, Adjusted EBITDA was - $18,050 thousand, a change of 130% compared to the same period in 2025. #### Operating Costs Cost of sales totaled $75,306 thousand, a decrease of 10% year-over-year. General and administrative expenses were $44,358 thousand, an increase of 9% year-over-year. Total operating expenses were $47,490 thousand, an increase of 6% year-over-year. #### Cash Flow Cash flows from operating activities were - $6,484 thousand, a decrease of 146% year-over-year. For the six months ended June 30, 2026, cash flows from operating activities were - $41,852 thousand, a decrease of 1189% compared to the same period in 2025. GAAP capital expenditures were $33,823 thousand, an increase of 29% year-over-year. Capital Expenditures, Net of Capital Offsets were $27,301 thousand, an increase of 59% year-over-year. #### Operational Metrics Network throughput reached 99 GWh in Q2 2026, an increase of 13% year-over-year, and 190 GWh year-to-date, an increase of 10%. EVgo, Inc. ended the second quarter with 5,380 stalls in operation, an increase of 24% year-over-year, including 3,930 EVgo public network stalls (up 13%), 120 EVgo AV network stalls (up 9%), and 1,330 EVgo eXtend™ stalls (up 75%). EVgo, Inc. added 280 new DC fast charging stalls during the quarter, offset by 175 removals of legacy equipment. Average daily throughput per stall for the EVgo public network was 276 kilowatt hours per day in Q2 2026, compared to 281 kilowatt hours per day in Q2 2025. Over 99,000 new customer accounts were added in the second quarter, bringing the total to over 1.8 million customer accounts. As of July 31, 2026, there were 240 NACS connectors in operation, and EVgo, Inc. and Tesla signed an agreement to deploy EVgo-owned and branded V4 Superchargers starting in 2026. #### 2026 Guidance EVgo, Inc. updated its full-year 2026 guidance, expecting total new stalls of 1,350 to 1,625. Total revenue is projected to be between $400 million and $430 million, with Adjusted EBITDA anticipated to be - $25 million to - $5 million. The company expects the first and fourth quarters of 2026 to be the strongest for non-charging revenue. ### Related Stocks - [EVGO.US](https://longbridge.com/en/quote/EVGO.US.md) ## Related News & Research - [NewEdge Advisors LLC Buys 18,091 Shares of General Motors Company $GM](https://longbridge.com/en/news/295636532.md) - [EVgo opens new flagship fast-charging site near GM technical center in Detroit metro area](https://longbridge.com/en/news/295529449.md) - [EVgo Is Adding Over 500 New Fast Chargers Where Millions Of Americans Already Shop](https://longbridge.com/en/news/294826824.md) - [EVgo and GM Enhance the Charging Experience with New Flagship Sites | EVGO Stock News](https://longbridge.com/en/news/295529772.md) - [EVgo partners with Tesla to deploy V4 Superchargers across US metro network](https://longbridge.com/en/news/294949384.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**