Wallbox N.V. (WBX) Earnings
Wallbox N.V. is expected to report next earnings on March 3, 2027 (in NaN days), with a consensus EPS estimate of $-2.24. WBX has beaten EPS estimates in 3 of its last 9 reported quarters (average surprise -63.4% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Sep 23, 2025 | — | $-0.08 | — | $38M | — |
| Feb 26, 2025 | $-0.10 | $-0.17 | -67.4% | $39M | -13.4% |
| Aug 1, 2024 | $-0.11 | $-0.16 | -53.8% | $49M | +61.0% |
| May 9, 2024 | $-0.07 | $-0.17 | -137.1% | $50M | +62.2% |
| Feb 28, 2024 | $-0.12 | $-0.11 | +4.6% | $42M | +36.8% |
| Nov 9, 2023 | $-0.09 | $-0.11 | -21.8% | $40M | +31.0% |
| Aug 2, 2023 | $-0.09 | $-0.22 | -144.0% | $37M | +21.4% |
| May 4, 2023 | — | $-0.22 | — | $37M | +20.7% |
| Mar 1, 2023 | $-0.14 | $-0.25 | -80.3% | $37M | +22.0% |
| Nov 29, 2022 | $-0.18 | $-0.16 | +10.6% | $37M | -19.0% |
| Aug 10, 2022 | $-0.14 | $-0.03 | +79.4% | $36M | -49.3% |
| Mar 16, 2022 | — | $-0.40 | — | $76M | +80.5% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q2 FY2026 · July 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
### Financial Performance Overview - Q2 2026 total revenue was 23.9 million euros, 19% lower sequentially and below the guided range. Revenue shortfall stemmed from operational constraints during the final stages of corporate restructuring, not weak demand. - Total order intake grew 11% sequentially, outpacing shipment capacity, leading to a total backlog of close to 12 million euros. Gross margin was 38%, at the lower end of the 38%-40% guided range, with a 70 basis point sequential improvement. - Labor costs and operating expenses were 17.3 million euros, flat sequentially and down 29% year-over-year. Adjusted EBITDA loss was 7.8 million euros, wider than the guided range and prior quarter loss of 6 million euros, driven by lost operating leverage from lower revenue rather than deteriorated unit economics. ### Strategic & Operational Progress - Completed the comprehensive financial restructuring process: the Barcelona Commercial Court issued final, non-appealable approval of the plan, and the company completed planned equity raises and secured additional new investment, strengthening its long-term liquidity position. Ended the quarter with 25.1 million euros in cash, cash equivalents, and financial investments, up from 7.6 million euros at the end of Q1. - Launched the new Pulsar Pro AC charger across the European Union, purpose-built for workplace and shared fleet charging, which management expects to capture share of the large corporate vehicle segment that makes up 60% of new EU car registrations. - Completed the first real-world deployment of the Supernova power ring DC fast charging architecture in Europe, with a maximum system capacity of 720 kW and 400 kW output for a single vehicle. - Strengthened commercial reach in EMEA via a new channel partnership to offer Wallbox charging solutions to fleet operators and individual drivers across five major European markets, to convert backlog into sustained recurring demand. - Improved after-sales performance, with higher net promoter scores and faster spare parts response times, with additional resources allocated to priority markets (Spain, France, Benelux, Germany, and North America). - Inventory reduced 4% sequentially and 32% year-over-year to 38.8 million euros, as the company prioritizes building a predictable, resilient supply chain with new vendor terms. - Secured acceptance of its compliance plan from the New York Stock Exchange to regain continued listing standards, granting an 18-month cure period with no impact on ongoing share trading. ### Market Context - Global addressable EV sales (excluding China) grew 20% sequentially and 30% year-over-year to 2.5 million units in Q2. EMEA EV sales grew 18% sequentially and 28% year-over-year, while North American EV sales grew 12% sequentially but remain 22% lower year-over-year as the market adjusts to removed incentives. The Rest of World segment saw 65% sequential EV sales growth, the strongest growth pocket.
Guidance
- Management maintained the gross margin guidance range of 38% to 40%, consistent with prior guidance. - Q3 2026 revenue is guided to a range of 29 million euros to 31 million euros, representing sequential growth from Q2's 23.9 million euros. - Q3 2026 adjusted EBITDA loss is guided to a range of 4.5 million euros to 6.5 million euros, an improvement from Q2's 7.8 million euro adjusted EBITDA loss. - Management expects improved operating leverage to drive better financial performance as the Q2 backlog converts into revenue and shipments in the second half of 2026.
Segment performance
### Geographic Segments - EMEA: Generated 17.7 million euros in revenue, accounting for 74% of total consolidated revenue. Revenue decreased 22% sequentially, but order intake grew 14% quarter-over-quarter. - North America: Generated 5.6 million euros in revenue, accounting for 23% of total consolidated revenue. Revenue decreased 16% sequentially and 55% year-over-year; order intake was flat sequentially, consistent with normal seasonality. - LATAM: Generated 0.615 million euros in revenue, accounting for 3% of total consolidated revenue. Revenue grew 64% sequentially from a small base. - APAC: Revenue remained negligible, flat with the prior quarter. ### Product Segments - AC (including AVL and Quasar): Generated 15.8 million euros in revenue, accounting for 66% of total global consolidated revenue. Revenue decreased 25% sequentially, but order intake grew 6% sequentially to 22.6 million euros, driven by 26% sequential order growth in AC Europe and Rest of World. - DC: Generated 1.6 million euros in revenue, accounting for 7% of total revenue. Revenue decreased 37% sequentially, but order intake grew 80% sequentially to 3 million euros, with order volume more than doubling in DC Europe and Rest of World. - Software, Services, and Others: Generated 6.5 million euros in revenue, accounting for 27% of total revenue. Revenue grew 8% sequentially, with Electromaps continuing strong sequential and year-over-year growth, providing a growing base of high-margin recurring revenue.
Risks & headwinds
- The company requires an 18-month cure period to regain compliance with New York Stock Exchange continued listing requirements for minimum average market capitalization and total stockholders' equity, with failure to meet requirements within the cure period potentially resulting in delisting. - The company continues to face near-term operational constraints from ongoing supply chain restructuring and vendor negotiation, which may delay conversion of order intake to revenue. - The North American EV market remains depressed year-over-year following the removal of tax incentives, creating pressure on regional sales performance. - Current revenue volumes are insufficient to absorb fixed operating costs, leading to wider-than-guided adjusted EBITDA losses in Q2.