Gogoro Reports Improved Q2 Financials but Shares Drop 15%
Despite reporting improved second-quarter financial results, including a narrower net loss and the strongest gross margin in over five years, Gogoro Inc (NASDAQ:GGR) shares fell sharply by 15.42% in pre-market trading. The company reported a Q2 loss of $0.24 per share on revenue of $70.6 million with sales rising 7.3% year-over-year and net losses narrowing to $4.9 million from $26.5 million the previous year. Gogoro's gross margin climbed significantly to 22.6%, driven by battery upgrade initiatives, better overhead absorption, and operational efficiencies. Adjusted EBITDA also improved to $19.3 million compared with $12.5 million in Q2 of last year. Hardware revenue increased due to higher scooter registrations and partnerships like WeMo. Despite these improvements, Gogoro maintains a cautious outlook for 2026 amid market softness, projecting total revenue between $285 million and $305 million. Investors appear concerned about the pace of future growth despite positive financial indicators.
