EVgo

EVgo reported Q2 2026 charging network revenue of $61.4 million, up 19% year-over-year, marking its 18th consecutive quarter of double-digit charging revenue growth. Total revenue declined 16% to $82.6 million due to a 54% drop in non-charging revenue (eXtend and AV segments). Network throughput grew 13% to 99 GWh; stalls in operation increased 24% to 5,380. GAAP gross margin contracted 530 basis points to 8.9%, while adjusted gross margin expanded 290 basis points to 31.8%. The company posted a net loss of $46.3 million ($0.15 per share) versus $29.8 million a year prior. EVgo signed a strategic agreement with Tesla to deploy EVgo-branded V4 Superchargers starting in 2026. Full-year guidance: 1,350–1,625 new stalls, $400–430 million total revenue, and adjusted EBITDA of $(25) to $(5) million.