Taiwanese electric scooter manufacturer Gogoro Inc. reported second-quarter 2026 revenue of $70.6 million, up 7.3% from the same period a year earlier, though its shares fell 9.65% to $2.051 premarket after the results were released.
Gross margin expanded to 22.6%, the highest quarterly level in more than five years, while adjusted EBITDA reached $19.3 million. The company’s net loss improved by more than $21.6 million year-over-year, though it still posted an adjusted loss per share of $0.24. Operating cash flow surged over 70% in the first half of 2026, and cash and equivalents totaled $68.8 million at quarter-end. Revenue guidance for the full year 2026 was maintained at $285 million to $305 million, implying a midpoint of approximately $295 million.
CEO Henry Chiang highlighted operational progress, stating the company has focused on strengthening fundamentals, improving discipline and simplifying its cost structure. He noted the shift from a single flagship model to a portfolio approach tailored to distinct customer needs, aiming to expand the addressable market and bolster hardware competitiveness.
Gross margin gains were described by outgoing CFO Bruce Aitken as structural rather than temporary, marking a fifth consecutive quarter of improvement. Aitken, departing after guiding Gogoro through its early stages, emphasized the durability of cost and pricing adjustments implemented over the past two years.
The company’s subscriber base on the Gogoro Network reached about 677,000, while Taiwan market share recovered to roughly 6%. The EZZY scooter family contributed over one-third of scooter sales revenue, and the premium Gogoro Luna model, designed for female riders, requires 47 kilograms of stepping force to activate its center stand.
Despite the revenue growth and margin expansion, Gogoro’s stock fell below its 52-week low of $2.20, trading at $2.051 premarket. The company’s market capitalization stood at $45.57 million, with a debt-to-equity ratio of 3.26 and a current ratio of 0.79. The price-to-book ratio was 0.39, reflecting continued investor caution amid broader market volatility in the sector.
