Wallbox (WBX) Q3 2026 earnings summary

Executive summary

• Q3 revenue was €24.201M, below guidance as supply constraints delayed deliveries; order intake remained solid and backlog rose to €16.9M from €12.0M at Q2-end.

• Adjusted EBITDA loss improved 24% YoY and was within guidance; priorities include easing supply constraints, converting backlog into revenue and cash, and maintaining cost discipline.

• Restructuring was completed, with renewed growth efforts focused on backlog conversion, Pulsar Max and partnerships including Enode.

Financial highlights

• Revenue was €24.201M versus €23.918M in Q2 2026 and €35.481M in Q3 2025; it was below the €29M–€31M guidance range.

• Gross profit was €8.828M and gross margin was 36.5%, below the 38%–40% guided range, primarily due to lower DC sales mix.

• Adjusted EBITDA loss was €5.258M, improving 32% QoQ and 24% YoY, within the €(6.5)M–€(4.5)M guidance range.

• Labor costs and operating expenses were €15.0M, down 13% QoQ and 34% YoY.

• IFRS loss for the period was €17.342M, versus €28.580M in Q2 2026 and €20.878M in Q3 2025.

Outlook and guidance

• Q4 2026 guidance: revenue of €29M–€31M, gross margin of 36%–38%, and adjusted EBITDA loss of €(5.5)M–€(3.5)M.

• Supply constraints are expected to ease over coming months; more predictable operations and backlog conversion are expected to support deliveries, revenue and profitability.

• Priorities are re-accelerating growth by converting backlog into revenue and cash while maintaining cost discipline.