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Wallbox Announces Third Quarter 2026 Financial Results
BARCELONA, Spain, Nov. 04, 2026 (GLOBE NEWSWIRE) — Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle (“EV”) charging and energy management solutions worldwide, today announced its financial results for the third quarter ended September 30, 2026 and provided a business update.
<strong>Third Quarter 2026 Highlights and Business Update:
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Generated revenue of €24.2 million in the quarter.
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Gross Margin1 landed at 36.5%, impacted by product mix.
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Adjusted EBITDA1 was €(5.3) million, landing within guidance, improving 24% year-over-year and 32% compared to last quarter.
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Continued improvement in operational efficiency resulted in a 34% year-over-year reduction in labor costs and operating expenses.
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Launched the new generation of Pulsar Max across European markets, featuring ISO 15118-ready hardware, built-in RFID, and Ethernet connectivity for enhanced charging performance.
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Secured €4 million of additional funding after the quarter through a convertible loan from existing shareholders.
Executive Commentary
Enric Asunción, CEO of Wallbox, said, “In the third quarter of 2026, order intake remained solid and our order backlog continued to grow, reaching €16.9 million at the end of September. However, this is not yet reflected in our revenue, as supply chain constraints continue to limit our ability to convert orders into deliveries on schedule. We are working closely with our suppliers and expect to resolve these constraints during the next quarters. At the same time, strong cost control allowed us to deliver adjusted EBITDA within our guidance.”
Mr. Asunción added, “With a robust backlog and customer demand, we are well positioned to grow once supply constraints ease. Our financing efforts are focused on securing sufficient working capital to support this growth with the €4 million of existing shareholders as the first example. At the same time, we are converting orders into deliveries in a disciplined way, which we believe will drive more efficient operations and continued progress toward profitability.”
Financial Outlook – Fourth Quarter 2026
The following reflects the company’s expectations for select key financial metrics for the fourth quarter of 2026.
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Expects revenue to be in the range of €29 million to €31 million
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Expects Gross Margin1 between 36% and 38%
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Expects a negative Adjusted EBITDA1 between €(5.5) million and €(3.5) million
1 See Non-IFRS Financial Measures section below
Conference Call Information
Wallbox NV will host a conference call to discuss the results and provide a business update at 8:00 AM Eastern Time today, November 4, 2026. The live audio webcast and accompanying presentation will be accessible on Wallbox’s Investor Relations website at https://investors.wallbox.com/. A recording of the webcast will also be available following the conference call.
