EVgo Beats on Q2 Revenue but Losses Deepen; Tesla Supercharger Deal and Guidance Update
EVGO is trading near its 52-week low of $1.41 (7.1% above the low).
Summary
EVgo's Q2 2026 revenue of $82.65M topped estimates, but net loss widened to $46.3M. The company also unveiled a Tesla Supercharger deployment deal and updated its full-year guidance.
Key Events · Earnings and Guidance · EVGO
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Q2 Revenue Beat, Losses Widen
Revenue of $82.65M exceeded the $79.91M consensus, but net loss grew 55% YoY to $46.3M, and Adjusted EBITDA loss widened to $10.6M from $1.9M.
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Tesla Supercharger Agreement
EVgo signed a deal with Tesla to deploy EVgo-owned and branded V4 Superchargers starting in 2026, with sites expected to have up to 20 stalls each.
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Updated Full-Year Guidance
2026 revenue guidance set at $400–$430M, with Adjusted EBITDA loss expected between $(25)M and $(5)M.
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Charging Network Growth
Charging network revenue rose 19% YoY to $61M, with network throughput up 13% to 99 GWh and stalls in operation up 24% to 5,380.
Analysis · EVGO · Trade & Services
A top-line beat and a strategic Tesla agreement are offset by widening losses in EVgo's Q2 report. Revenue reached $82.65M, surpassing the $79.91M consensus, fueled by a 19% jump in charging network revenue. Yet the bottom line deteriorated: net loss expanded to $46.3M from $29.8M a year ago, and the Adjusted EBITDA loss grew to $10.6M from $1.9M. On the strategic front, the company inked a deal with Tesla to roll out EVgo-branded Superchargers, a move that could meaningfully broaden its network. Full-year guidance was also refreshed, with revenue now seen at $400–$430M and an Adjusted EBITDA loss of $(25)M–$(5)M. The combination of a revenue beat, deeper losses, and the Tesla partnership makes this a noteworthy update for investors.
At the time of this filing, EVGO was trading at $1.51 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $543M. The 52-week trading range was $1.41 to $5.18. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.