Wallbox (WBX) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue was €23.9 million, down 19% sequentially and below guidance due to operational constraints, not demand weakness.

• Order intake rose 11% sequentially, building a backlog of nearly €12 million as shipments lagged orders.

• Gross margin improved to 38%, at the low end of guidance, reflecting cost discipline.

• Adjusted EBITDA loss was €7.8 million, wider than last quarter and nearly flat year-over-year.

• Financial restructuring was completed, new capital was raised, and NYSE compliance plan was accepted, strengthening the balance sheet.

Financial highlights

• Revenue: €23.9 million, down 19% from Q1 2026.

• Gross margin: 38%, up 70 bps sequentially.

• Adjusted EBITDA loss: €7.8 million, wider than Q1's €6.0 million loss.

• Cash and equivalents: €25.1 million at quarter-end, up from €7.6 million in Q1.

• Inventory: €38.8 million, down 4% sequentially and 32% year-over-year.

Outlook and guidance

• Q3 2026 revenue expected between €29 million and €31 million.

• Gross margin guidance: 38%–40% for Q3.

• Adjusted EBITDA loss projected between €(6.5) million and €(4.5) million for Q3.