Wallbox reported second-quarter 2026 revenue of EUR 23.9 million on July 30, 2026, against its own guided range of EUR 33 million to 36 million and down from EUR 38.3 million a year earlier. The company said the shortfall is not a demand problem: AC and DC sales order intake actually rose 11 percent quarter over quarter. Management pointed instead at its own supply side, saying it has been "redefining our vendor base," which is "limiting our ability to convert orders into deliveries on schedule" and building a backlog it now has to work through.
The quarter came right after a financial restructuring: a EUR 15.8 million equity raise and EUR 5.4 million in additional bank financing, leaving cash, cash equivalents and financial investments at EUR 25.1 million as of June 30, 2026. Gross margin held at 38 percent and Wallbox guided Q3 revenue up sequentially, to EUR 29 million to 31 million. None of that reads as a company in distress, it reads as a company mid-repair that has not yet caught up its shipping to its own order book.
For anyone running a site with more than one charger brand, a delay like this is a familiar shape, whatever the vendor. A project gets built with whatever hardware is actually available on the install date, and the estate ends up mixed brand whether that was the plan or not. What decides whether that is a problem is the backend: an OCPP backend that already speaks to Wallbox, and to whatever else ends up on the wall, keeps a mixed-brand site running as one estate instead of several separate ones.
Sources: Wallbox Announces Second Quarter 2026 Financial Results, Business Wire, July 30, 2026.