From The Motley Fool · Motley Fool Transcribing · · 2m
EVgo Q3 2026 Earnings Shift
EVgo reports 19th straight quarter of double-digit charging revenue growth with 70% of network upgraded to 350-kilowatt stations.
In brief
EVgo reports 19th straight quarter of double-digit charging revenue growth with 70% of network upgraded to 350-kilowatt stations. EVgo's charging network revenue grew 29% to $72 million in Q3 2026 as it transitions to NACS standards and 750-kilowatt charging architecture. Originally reported by The Motley Fool.
Q3 2026 Results
Charging network revenue grew 29% to $72 million, marking 19th consecutive quarter of double-digit year-over-year growth.
Network Expansion
5,530 stalls in operation, a 20% increase from 4,590 stalls at end of Q3 2025.
Customer Growth
1.9 million customer accounts added over 95,000 new accounts during quarter.
NACS Transition
290 NACS stalls operational, 9% of public network throughput, doubling from prior year.
Charging Performance
Daily throughput per stall at 283-kilowatt hours, 4% decrease from prior year.
Revenue Breakdown
Total revenue $91 million, 1% decrease from $92 million in prior year due to lower construction revenue.
Gross Margin
Charging network gross margin 39.0%, 380-basis point increase from prior year.
Adjusted EBITDA
Loss of $3.5 million, improvement from $5 million loss in Q3 2025.
Liquidity
Total available liquidity $787 million as of Sept 30, $167.5 million cash plus $620 million debt capacity.
2026 Guidance
2026 revenue guidance $375 million to $400 million, updated from previous targets.
Stall Deployment
2026 stall deployment guidance 1,075 to 1,275 new stalls including 600-750 public-owned stalls.
NACS Performance
NACS stalls deliver 35% higher charge rate than CCS stalls during Q3 2026.
EVgo Supercharger
First EVgo Supercharger site opened in Chicago with Tesla partnership.
Site Partnerships
Expanded partnerships with Brixmor and Regency Centers to add over 900 new fast chargers.
Next-Gen Architecture
Next-generation 750-kilowatt charging architecture with dynamic power sharing expected in 2027.
Cost Reduction
Targeting 15% reduction in adjusted G&A by 2027 through headcount management and AI-driven efficiencies.
The headline
EVgo's charging network revenue grew 29% to $72 million in Q3 2026 as it transitions to NACS standards and 750-kilowatt charging architecture.
