Gogoro Releases Third Quarter Financial Results, Gogoro Reports Continued Gross Margin Improvement
Key Highlights
- ➤Q3 revenue $70.6 million, down 9.1% year-over-year
- ➤Gross margin 24.4%, up from 12.2% year-over-year
- ➤Net loss narrowed to $3.4 million from $14.9 million
- ➤2026 revenue guidance revised to $270 million-$290 million
- ➤Operating cash flow rose 8.8% to $27.9 million through nine months
Expert Statements
Henry Chiang, CEO of Gogoro
“As we move through 2026, Gogoro is reaffirming its market leadership through decisive product innovation and disciplined execution. Our product transformation strategy is delivering encouraging results, with our refreshed product portfolio successfully reaching our intended customer segments during the third quarter. These achievements reinforce our competitive position and demonstrate our ability to respond to evolving market needs while strengthening our operational efficiency and financial performance. We remain focused on building on this momentum and creating a stronger foundation for sustainable, long-term growth,”
Henry Chiang, CEO of Gogoro
“Beyond our established markets, we are encouraged by the progress of our Vietnam pilot program and the positive momentum from our local partnerships. Vietnam represents an exciting long-term opportunity for Gogoro, with significant potential to bring our battery-swapping ecosystem and electric mobility solutions to a broader market. We believe that our continued investment in product innovation, operational excellence, and carefully selected international opportunities can strengthen our foundation and create lasting value for the Company.”
Jacky Lee, Principal Financial Officer of Gogoro
“While year-over-year revenue declined amid challenging market conditions, we have maintained a disciplined approach to commercial growth, prioritizing healthier product economics and sustainable revenue quality over short-term volume gains driven by aggressive marketing spending. At the same time, we are making progress in improving operating efficiency and resource allocation, with a continued focus on translating these improvements into stronger financial performance and long-term business sustainability,”
Jacky Lee, Principal Financial Officer of Gogoro
“Looking ahead, we are encouraged by the healthy operating momentum and increasingly predictable financial contribution of our core battery-swapping business. We believe this positions Gogoro to pursue future growth opportunities through disciplined capital allocation, continued development of our battery-swapping ecosystem, and selective expansion into international markets. Our focus remains on building a scalable business model that can generate sustainable financial returns and create lasting shareholder value.”
TAIPEI, Taiwan, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Gogoro Inc. (“Gogoro,” “the Company” or “we”) (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its third quarter ended September 30, 2026. * Gogoro achieved record-high quarterly gross margins in Q3 2026, with both IFRS and non-IFRS gross margins(1) reaching 24.4% compared with 12.2% and 22.2%, respectively, in Q3 2025. This reflects significant improvements in product economics and operational efficiency while mindful of inflationary pressures on raw material costs.
* Operating cash flow increased 8.8% year-over-year to $27.9 million in the first nine months of 2026, marking six consecutive quarters of sustained operating cash generation and reinforcing Gogoro’s financial resilience. Third Quarter 2026 Business Update and Outlook * A Challenging Electric-Powered Two-Wheeler (“ePTW”) Market – Gogoro continued to strengthen its competitive position in the third quarter of 2026, supported by its ongoing product portfolio transformation. Gogoro Luna, which debuted in the previous quarter, successfully reached its target customer segment, while the EZZY series and Disney collaboration continued to broaden the Company’s product appeal. Gogoro remains firmly committed to advancing electric mobility. As the market leader with an established battery-swapping ecosystem, Gogoro is uniquely positioned to shape the future of electric two-wheel transportation. The Company remains focused on accelerating electric scooter adoption, strengthening its competitive leadership, and driving sustainable long-term growth.
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