Quarterly ResultAug 5, 2026, 07:34 AM
EVgo Q2 Charging Network Revenue Up 19% to $61M; Partners with Tesla
AI Summary
EVgo Inc. announced its second quarter 2026 results, reporting a 19% year-over-year increase in charging network revenue to $61 million and a 13% rise in network throughput to 99 GWh. The company also expanded its network to 5,380 stalls, up 24% from the prior year. A significant business highlight was the agreement with Tesla to deploy EVgo-owned and branded V4 Superchargers. Despite operational growth, EVgo's net loss widened to $(46.3) million, and Adjusted EBITDA was $(10.6) million. The company updated its full-year 2026 guidance, projecting total revenue between $400 million and $430 million and Adjusted EBITDA between $(25) million and $(5) million.
Key Highlights
- Charging network revenue increased 19% year-over-year to $61 million.
- Network throughput reached 99 GWh in Q2, a 13% increase year-over-year.
- Ended Q2 with 5,380 stalls in operation, up 24% year-over-year.
- Signed agreement with Tesla to deploy EVgo-owned and branded V4 Superchargers.
- Net loss increased 55% to $(46.3) million in Q2 2026.
- Adjusted EBITDA was $(10.6) million, a 447% increase in loss.
- Full year 2026 guidance updated: total revenue $400-$430 million.
- Full year 2026 guidance updated: Adjusted EBITDA $(25) million to $(5) million.
Price Impact
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