Gogoro Q2 gross margin rises as battery upgrade initiatives cut costs

Gogoro

24/08/2026 12:06

Overview
Taiwan battery swapping firm's Q2 revenue rose 7.3% yr/yr to $70.6 mln
Gross margin improved to 22.6%, highest in over five years, reflecting cost discipline
Q2 net loss narrowed to $4.9 mln from $26.5 mln a year earlier

Outlook
Gogoro expects 2026 revenue between $285 mln and $305 mln
Company expects battery-swapping business to achieve non-IFRS profitability in 2026
Gogoro sees recent market share gains supporting durable baseline for long-term growth

Result Drivers
BATTERY UPGRADE INITIATIVE COMPLETION - Co said completion of battery upgrade initiative reduced costs and improved gross margin
HIGHER SCOOTER SALES - Co attributed revenue growth to 50.8% yr/yr increase in Gogoro-branded scooter registrations and new product launches
IMPROVED OPERATING EFFICIENCY - Co said increased production volumes and improved overhead absorption supported margin expansion

Company press release: ID:nGNX2H7mYP

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Operating Revenue
 
$70.62 mln
 
Q2 Loss Per Share
 
$0.24
 
Q2 Net Loss
 
$4.88 mln
 
Q2 Gross Profit
 
$15.96 mln
 
Q2 Income from Operations
 
-$3.08 mln
 
Q2 Operating Expenses
 
$19.05 mln
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the recreational products peer group is "buy."

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)