EVgo Reports Q3 2026 Results with Growing Charging Network Revenue and Improved EBITDA Loss
EVgo (EVGO) reported third-quarter 2026 results characterized by strong growth in its core charging network, which saw revenue rise 29% to $72 million. This marks the company's 19th consecutive quarter of double-digit year-over-year growth in this segment. Total revenue for the quarter was $91 million, a slight decrease from the previous year due to lower construction revenue within its noncore eXtend business. The company demonstrated improved operational efficiency, narrowing its adjusted EBITDA loss to $3.5 million compared to a $5 million loss in Q3 2025. Despite these improvements, management updated its full-year 2026 revenue guidance to a range of $375 million to $400 million, citing slower electric vehicle sales in the U.S. and an industry transition from CCS to NACS connectors. EVgo is focusing on higher-return flagship sites and cost reductions through AI-driven efficiencies.
Topics: Adjusted EBITDA Charging Network Financial Performance Revenue Growth
Read the full article at Motley Fool
Part of the story The Adecco Group Reports Q3 2026 Growth and Margin Expansion (9 articles)