Blink Charging misses Q1 revenue estimates as recurring service sales rise 25%

Blink Charging (NASDAQ: BLNK) reported first-quarter 2026 revenue of $20.78 million, flat from a year earlier and below Wall Street expectations, while its adjusted loss of $0.06 per share beat consensus by $0.03. The EV charging company said recurring service revenue rose 25% and became its largest business segment, helping support margin improvement alongside cost restructuring and more disciplined product sales. Management cited contract manufacturing efficiencies and pricing optimization as additional drivers. Blink said its outlook depends on expanding company-owned DC fast charging sites, increasing recurring revenue and maintaining expense controls. The company also pointed to new automotive partner integrations as a potential contributor to utilization and service growth. Shares traded at $0.98 after the report, up from $0.97 before the earnings release.