EVgo Reports Third-Quarter Results, Cuts 2026 Revenue Outlook
EVgo reported third-quarter revenue of $91.42 million, below analyst consensus, and lowered its 2026 revenue guidance to $375 million-$400 million. It also set adjusted EBITDA guidance for a loss of $15 million-$30 million and said it is reviewing an unsolicited $2-per-share acquisition proposal.
EVgo Inc. reported third-quarter 2026 revenue of $91.42 million, missing analyst consensus estimates. The company updated its full-year 2026 revenue guidance to a range of $375 million to $400 million, down from its previous outlook, and set its full-year Adjusted EBITDA guidance at a loss of $15 million to $30 million. Additionally, the company disclosed that it is currently reviewing an unsolicited $2-per-share acquisition proposal.
During the quarter, EVgo expanded its network to 5,530 stalls and reported a 29% year-over-year increase in charging network revenue to $72 million. Management emphasized a disciplined approach to capital allocation and continued efforts to improve network utilization.