EVgo Q2 2026 Results and Tesla Supercharger Partnership

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Merger:
Jul 01, 2021
Industry:
AUTOMOTIVE REPAIR, SERVICES & PARKING
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EVgo Reports Q2 2026 Results and New Tesla Collaboration

Los Angeles, USA. EVgo Inc. (Nasdaq: EVGO), a leading provider of public fast charging infrastructure, has announced its financial and operational results for the second quarter ended June 30, 2026.

The company highlighted a successful quarter marked by significant network expansion and a new strategic initiative. Charging network revenue reached $61 million, reflecting a 19% increase year-over-year. This growth marks the 18th consecutive quarter of double-digit year-over-year charging revenue increases.

A major strategic highlight is the newly signed agreement with Tesla. EVgo plans to deploy EVgo-owned and branded V4 Superchargers starting in 2026, which will be integrated into the Tesla navigation and trip planning systems.

Key Highlights:

  • Network throughput reached 99 gigawatt-hours (GWh), up 13% year-over-year.
  • The company ended the quarter with 5,380 stalls in operation, a 24% increase compared to the previous year.
  • Added over 99,000 new customer accounts during the quarter, surpassing 1.8 million total accounts.

Financial Highlights:

  • Total revenue for Q2 2026 was $82.6 million.
  • Net loss was reported at $46.3 million.
  • Full-year 2026 guidance updated to $400-430 million in revenue and Adjusted EBITDA between $(25) million and $(5) million.

About EVgo Inc.

EVgo (Nasdaq: EVGO) is one of the nation’s leading public fast charging providers. With more than 1,000 fast charging stations across over 40 states, EVgo strategically deploys localized and accessible charging infrastructure by partnering with leading businesses across the U.S., including retailers, grocery stores, restaurants, shopping centers, gas stations, rideshare operators, and autonomous vehicle companies. At its dedicated Innovation Lab, EVgo performs extensive interoperability testing and has ongoing technical collaborations with leading automakers and industry partners to advance the EV charging industry and deliver a seamless charging experience.

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