EV charging infrastructure provider Blink Charging (NASDAQ: BLNK) missed Wall Street’s revenue expectations in Q2 CY2026, with sales falling 24.4% year on year to $21.67 million. Its non-GAAP loss of $0.02 per share was 66.7% above analysts’ consensus estimates.

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Company Overview

One of the first EV charging companies to go public, Blink Charging (NASDAQ: BLNK) is a manufacturer, owner, operator, and provider of electric vehicle charging equipment and networked EV charging services.

Revenue Growth

A company’s long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Luckily, Blink Charging’s sales grew at an incredible 57.5% compounded annual growth rate over the last five years. Its growth beat the average industrials company and shows its offerings resonate with customers.

Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Blink Charging’s recent performance marks a sharp pivot from its five-year trend as its revenue has shown annualized declines of 21.6% over the last two years.

This quarter, Blink Charging missed Wall Street’s estimates and reported a rather uninspiring 24.4% year-on-year revenue decline, generating $21.67 million of revenue.

Looking ahead, sell-side analysts expect revenue to grow 60.3% over the next 12 months, an improvement versus the last two years. This projection is eye-popping and implies its newer products and services will fuel better top-line performance.

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Operating Margin

Operating margin is an important measure of profitability as it shows the portion of revenue left after accounting for all core expenses — everything from the cost of goods sold to advertising and wages. It’s also useful for comparing profitability across companies with different levels of debt and tax rates because it excludes interest and taxes.

Blink Charging’s high expenses have contributed to an average operating margin of negative 130% over the last five years. Unprofitable industrials companies require extra attention because they could get caught swimming naked when the tide goes out. It’s hard to trust that the business can endure a full cycle.

On the plus side, Blink Charging’s operating margin rose over the last five years, as its sales growth gave it operating leverage. Still, it will take much more for the company to reach long-term profitability.

This quarter, Blink Charging generated a negative 28.7% operating margin.

Earnings Per Share

Revenue trends explain a company’s historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth — for example, a company could inflate its sales through excessive spending on advertising and promotions.

Although Blink Charging’s full-year earnings are still negative, it reduced its losses and improved its EPS by 19.1% annually over the last five years. The next few quarters will be critical for assessing its long-term profitability. We hope to see an inflection point soon.

Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business.

For Blink Charging, its two-year annual EPS growth of 37.8% was higher than its five-year trend. We love it when earnings improve, but a caveat is that its EPS is still in the red.

In Q2, Blink Charging reported adjusted EPS of negative $0.02, up from negative $0.26 in the same quarter last year. This print easily cleared analysts’ estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects Blink Charging to improve its earnings losses. Analysts forecast its full-year EPS will improve from negative $0.29 to negative $0.25.

Key Takeaways from Blink Charging’s Q2 Results

It was good to see Blink Charging beat analysts’ EPS expectations this quarter. We were also excited its EBITDA outperformed Wall Street’s estimates by a wide margin. On the other hand, its revenue missed. Overall, we think this was a solid quarter with some key areas of upside. The stock traded up 2.4% to $0.56 immediately after reporting.

Sure, Blink Charging had a solid quarter, but if we look at the bigger picture, is this stock a buy? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here (it’s free).