earnings
confidence high
sentiment neutral
materiality 0.80
EVgo Q2 total revenue $82.6M (-16% YoY), charging network rev $61M (+19%); signs Tesla Supercharger deal
EVgo Inc.
- Charging network revenue $61M (+19% YoY); total revenue $82.6M (-16% YoY) due to lower non-charging revenue.
- Net loss $46.3M vs $29.8M a year ago; adjusted EBITDA -$10.6M vs -$1.9M.
- Signed agreement with Tesla to deploy EVgo-owned V4 Superchargers (up to 20 stalls per site) starting 2026.
- Ended Q2 with 5,380 stalls (+24% YoY); added 280 new DC fast stalls, removed 175 legacy stalls.
- Updated FY2026 guidance: total revenue $400-430M, adjusted EBITDA $(25)M-$(5)M.