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ChargePoint Holdings (NYSE:CHPT) stock is rallying for a second straight session as CEO Rick Wilmer publicly frames the surge as the opening act of a longer move. The Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) is up 0.
EVgo saw Q2 2026 revenue decline 16% YoY, driven by a scaling-down eXtend segment, yet remains among America's fastest-growing companies. EVGO's management is exploring new revenue streams, including leveraging battery infrastructure and potential non-organic growth via distressed asset acquisitions, though current financial constraints limit M&A flexibility. Revised FY2026 revenue guidance was cut to $400–430 million and, combined with other announcements, prompted a 3.4% DCF target price reduction to $22.48 and a temporary rating downgrade amid negative sentiment.
EVgo, Inc. (EVGO) Q2 2026 Earnings Call Transcript
EVgo NASDAQ: EVGO reported second-quarter 2026 revenue of $83 million, down 16% from a year earlier, as growth in its core charging network was offset by declines in its eXtend and autonomous-vehicle-related businesses. The company posted an adjusted EBITDA loss of $10.6 million, in line with its prior guidance.
While the top- and bottom-line numbers for EVgo (EVGO) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
EVgo Inc. (EVGO) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.2. This compares to a loss of $0.1 per share a year ago.
Total Q2 Charging Network Revenues Increased 19% Year-Over-Year Charging network revenue totaled $61 million in the second quarter, an increase of 19% year-over-year, representing the 18th consecutive quarter of double-digit year-over-year charging revenue growth. Network throughput reached 99 gigawatt-hours (“GWh”) in the second quarter, an increase of 13% year-over-year.
LOS ANGELES, Aug. 05, 2026 (GLOBE NEWSWIRE) -- EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation's largest providers of public fast charging infrastructure for electric vehicles (EVs), announced plans to add “EVgo Superchargers” to its metropolitan network. The V4 Superchargers are capable of up to 500kW / 1000 Volts, bringing more fast charging choices to EV drivers.