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.

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

• Labor and operating expenses were €17.3 million, flat sequentially and down 29% year-over-year.

• Financial restructuring and equity raise completed, strengthening liquidity and operational efficiency.

Financial highlights

• Gross margin was 38%, up 70 bps sequentially and at the low end of guidance.

• Adjusted EBITDA loss was €7.8 million for Q2 2026.

• Cash and equivalents plus financial investments rose to €25.1 million at quarter end.

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

• Loss for the period was €28.6 million in Q2 2026.

Outlook and guidance

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

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

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