Gogoro (GGR) Q2 2026 Earnings Call: Revenue Growth Returns, Gross Margin Hits Five-Year High
Source Tradingkey
Key Takeaways
- Q2 2026 revenue rose 7.3% year over year to $70.6 million, or approximately 10% on a constant-currency basis, driven by stronger Gogoro-branded scooter sales and WeMo fleet deliveries.
- Gross margin reached 22.6%, its highest quarterly level in more than five years, supported by manufacturing efficiency, lower battery depreciation, improved network utilization and cost discipline.
- Adjusted EBITDA increased to $19.3 million, while net loss improved by more than $21.6 million year over year.
- First-half operating cash flow increased by more than 70% year over year. Gogoro ended the quarter with $68.8 million in cash and cash equivalents.
- The subscriber base expanded to approximately 677,000, while new products helped Gogoro recover its Taiwan scooter market share to approximately 6%.
- Management reaffirmed 2026 revenue guidance of $285 million to $305 million and said the Gogoro Network battery-swapping business remains on track to achieve non-IFRS profitability this year.
Key Financial Data
| Metric | Q2 2026 result | Change or context |
|---|---|---|
| Revenue | $70.6 million | Up 7.3% year over year; approximately 10% growth at constant currency |
| Gross margin | 22.6% | Highest quarterly level in more than five years |
| Adjusted EBITDA | $19.3 million | Improved alongside higher gross margin and controlled operating expenses |
| Net loss | — | Improved by more than $21.6 million year over year |
| First-half operating cash flow | — | Increased by more than 70% year over year |
| Cash and cash equivalents | $68.8 million | Included support from Gold Sino’s initial equity investment |
| Subscribers | Approximately 677,000 | Continued year-over-year growth |
| Taiwan scooter market share | Approximately 6% | Recovery attributed to stronger demand for new products |
Business and Operating Performance
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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