Blink Charging Q2 adjusted EBITDA loss narrows more than expected

Blink Charging

06/08/2026 21:23

Overview
US EV charging firm's Q2 revenue fell 24.5% yr/yr, missing analyst expectations
Q2 adjusted EBITDA loss narrowed and beat analyst estimates
Company cut 2026 revenue outlook but raised gross margin guidance

Outlook
Blink lowers 2026 revenue outlook to $83 mln-$90 mln from $105 mln-$115 mln
Company raises 2026 GAAP gross margin outlook to about 38% from about 35%
Blink targets adjusted EBITDA breakeven by year-end 2026

Result Drivers
GROSS MARGIN EXPANSION - Co attributed margin gains to portfolio optimization, contract manufacturing shift, and favorable revenue mix
COST OPTIMIZATION - Operating expenses fell 57% yr/yr due to structural improvements and cost optimization efforts
SERVICE REVENUE FOCUS - Service revenues grew and now represent 53% of total, reflecting focus on contracts with attractive margin profiles

Company press release: ID:nGNX8qNQ8Z

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$21.7 mln
$24.60 mln (5 Analysts)
Q2 Loss Per Share
 
$0.04
 
Q2 Net Loss
 
$6 mln
 
Q2 Adjusted EBITDA
Beat
-$2.20 mln
-$5.49 mln (5 Analysts)
Q2 Gross Profit
 
$8.4 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electric utilities peer group is "buy."
Wall Street's median 12-month price target for Blink Charging Co is $1.50, about 170.8% above its August 5 closing price of $0.55

Reuters Recommended Reads
Aug 5 - EVgo Q2 revenue beats on increased network throughput
Aug 5 - Fluence Energy Q3 revenue misses on production delays; fiscal 2026 outlook slashed
Aug 4 - Lucid to delay affordable EV launch amid 'operational reset'

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)