Earnings call transcript: Wallbox Q3 2026 revenue miss weighs on shares

Wallbox's Q3 2026 earnings call revealed a revenue miss that impacted its stock price. The company reported revenue of EUR 24.2 million, falling short of the EUR 29 million to EUR 31 million guidance. Despite this shortfall, Wallbox noted that demand remained solid, with the revenue shortfall attributed to supply chain problems and timing issues.

Adjusted EBITDA loss improved to EUR 5.3 million, better than the prior quarter but within guidance. Gross margin slipped to 36.5%, below the targeted 38% to 40% range, as product mix shifted away from higher-margin DC sales. Backlog increased to EUR 16.9 million, a 40.8% rise from the previous quarter, providing some visibility if supply conditions improve.

Cash and equivalents decreased to EUR 10.4 million, down sharply from EUR 25.1 million in Q2 2026. Wallbox's backlog showed resilience, rising 40.8% to EUR 16.9 million, indicating potential future sales if supply issues are resolved. The company's focus remains on converting backlog into revenue and controlling costs, with expectations that supply chain constraints will ease in the coming months.