Blink Charging reported total revenue of $21.7 million for the second quarter 2026, falling short of analyst expectations of $24.3 million. Despite the top-line miss, the company demonstrated significant operational improvements, narrowing its adjusted EBITDA loss to $2.2 million and expanding gross margins by over 2,200 basis points. Management lowered its full-year 2026 revenue guidance to a range of $83 million to $90 million, citing a strategic focus on high-quality revenue and the recent divestiture of Envoy Technologies.
Key Highlights
- GAAP gross margin expanded significantly to 38.9%, up from 16.8% in the second quarter of 2025.
- Total operating expenses were reduced by 57% year-over-year to $14.7 million following structural cost-cutting measures.
- Recurring service revenue grew to $11.5 million, now representing 53% of total quarterly revenue as part of the shift toward more predictable income streams.
- Full-year 2026 revenue guidance was revised downward to $83M-$90M from the prior range of $105M-$115M, though gross margin guidance was raised to 38%.