XCharge Reports 61% Year-over-Year Revenue Growth in Third Quarter 2026

Full-year revenue is now expected to grow approximately 32% to 57%, while NZS and GridLink charger deliveries declined.

Rhea-AI Summary

XCharge (Nasdaq: XCH) reported third-quarter 2026 revenue of $9.1 million, up from the same period a year earlier, and raised its full-year outlook.

Revenue increased 61% from $5.6 million in the third quarter of 2025. Total EV charger deliveries rose 46% year over year to 179 units. DC fast charger deliveries increased 91% to 162 units, while NZS and GridLink charger deliveries decreased 13% to 7 units. The company attributed growth to fulfillment of scheduled customer deliveries and continued deliveries to existing customers.

XCharge now expects full-year 2026 revenue of $33.2 million to $39.4 million, representing approximately 32% to 57% year-over-year growth. The outlook reflects management’s current expectations for customer orders, production and delivery schedules, and market conditions.

4 points · 1 major

PositiveiHow this balance works

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0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Major point. Forward-looking: it has not happened yet and may not happen.Raised 2026 revenue outlook targets $33.2 million–$39.4 million, approximately 32%–57% year-over-year growth.
• Moderate pointThird-quarter 2026 revenue rose 61% year over year to $9.1 million from $5.6 million.
• Moderate pointTotal EV charger deliveries increased 46% year over year to 179 units in third-quarter 2026.
• Minor pointDC fast charger deliveries rose 91% year over year to 162 units in third-quarter 2026.

Negative

• Minor pointNZS and GridLink charger deliveries decreased 13% year over year to 7 units in third-quarter 2026.

Key Figures

Third-quarter revenue: $9.1 million Revenue growth: 61% EV charger deliveries: 179 units +4 more

Third-quarter revenue

$9.1 million

Q3 2026, compared with $5.6 million in Q3 2025

Revenue growth

61%

Year over year, Q3 2026

EV charger deliveries

179 units

Q3 2026

Delivery growth

46%

Year over year, Q3 2026

DC fast charger deliveries

162 units

Q3 2026; deliveries increased 91% year over year

Full-year revenue outlook

$33.2 million–$39.4 million

2026; company said it was raising its outlook

Full-year revenue growth outlook

32%–57%

Year over year, 2026

Historical Context

1 past event · Latest: Sep 18

1 event

1. Sep 18

   First-half earnings

   24h Move

   -0.3%

   Prior first-half weakness accompanied guidance of $32.9–$38.2 million for 2026 revenue.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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Third-quarter deliveries increased 46% year-over-year; Company raises full-year 2026 revenue outlook of 32%–57% growth

HAMBURG, Germany and AUSTIN, Texas, Nov. 10, 2026 (GLOBE NEWSWIRE) -- XCHG Limited (“XCharge” or the “Company”) (Nasdaq: XCH), a global provider in high-power EV charging solutions, today provided a trading update for the three months ended September 30, 2026.

Mr. Yifei (“Simon”) Hou, Co-Chief Executive Officer of XCharge, commented, “We are encouraged by our third-quarter performance and pleased to see the improvement we anticipated earlier this year taking shape. Revenue grew 61% year-over-year, and deliveries increased 46%, reflecting fulfillment of scheduled customer deliveries and continued deliveries to existing customers. We are raising our full-year outlook and expect revenue growth of approximately 32% to 57% in 2026. Our focus for the rest of the year is on delivering for our customers, moving key projects forward and maintaining financial discipline.”

Third Quarter 2026 Trading Update

• Revenue: Revenue was $9.1 million in the third quarter of 2026, compared with $5.6 million in the same period of 2025, representing a year-over-year increase of 61%.
• Deliveries: Total EV charger deliveries were 179 units in the third quarter of 2026, representing an increase of 46% year over year. This included 162 DC fast chargers, representing an increase of 91%, and 7 NZS and GridLink chargers, representing a decrease of 13%.
  
  

Outlook

The Company is raising its full-year 2026 revenue to be in the range of $33.2 million to $39.4 million, representing year-over-year growth of approximately 32% to 57%. This outlook reflects management’s current expectations regarding customer orders, production and delivery schedules, market conditions and other factors as of the date of this press release, and is subject to change.

Exchange Rate Information

This release contains conversions of certain Euro and Renminbi amounts into U.S. dollars solely for the convenience of the reader. Unless otherwise noted, conversions were made at EUR0.8691 to $1.00 and RMB6.7406 to $1.00, based on the average exchange rates of three months ended September 30, 2026 published in the H.10 statistical release of the Federal Reserve Board. For the comparative three-month period ended September 30, 2025, conversions were made at EUR0.8558 to $1.00 and RMB7.1570 to $1.00, also based on the H.10 release of the Federal Reserve Board. The Company makes no representation that any amounts could have been, or could be, converted into another currency, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This press release contains forward-looking statements. Such statements are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “objective,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the United States Securities and Exchange Commission.

All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

About XCharge

XCharge (Nasdaq: XCH) is a global provider in high-power electric vehicle charging solutions. The Company has headquarters in Hamburg, Germany and Austin, TX, working with a globally networked team to drive innovation in the field of energy and help its customers achieve long-term success.

For investor and media inquiries, please contact:
XCHG Limited
IR Department
Email: ir@xcharge.com

Water Tower Research Asia
Feifei Shen, CFA
Tel: +86 134-6656-6136
Email: feifei@watertowerresearch.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did XCharge revenue grow in the third quarter of 2026?

XCharge revenue increased 61% year over year to $9.1 million in the third quarter of 2026, compared with $5.6 million in the same period of 2025.

What is XCharge's updated full-year 2026 revenue outlook?

XCharge expects full-year 2026 revenue of $33.2 million to $39.4 million, representing approximately 32% to 57% year-over-year growth. This raises its full-year revenue outlook.