Workhorse Group reported Q2 2026 revenue of $3.6 million, up from $0.8 million in Q2 2025. The electric vehicle manufacturer delivered 26 vehicles in the quarter, compared to four in the prior year period. The company posted a net loss of $20.2 million, or $1.86 per share, versus a $12.8 million loss in Q2 2025. Cost of sales reached $11 million, resulting in a gross loss of $7.5 million. Workhorse is pursuing a strategic pivot into the mobile AI data centre market, targeting production in 2027. The company aims to achieve a $20 million annualised cost reduction by end-2026. As of 30 June, Workhorse held $9.6 million in cash and had outstanding debt totalling $48.3 million under two credit agreements.

Workhorse Group plans mobile AI data center. Workhorse Group plans to develop a turnkey, compute-ready, containerized mobile AI data center designed to meet the localized mobile AI infrastructure needs of distributed deployment applications worldwide. July 28, 2026 3 min to read * Workhorse Group is planning to create a mobile AI data center that is ready for computation and turnkey solutions. * The data center will be containerized, allowing it to be easily deployed and transported to various locations. * This initiative aims to support localized mobile AI infrastructure needs for distributed deployment applications globally. *Summarized by AI Workhorse Group plans to enter the mobile AI data center category with a new product: a turnkey, compute-ready, containerized mobile AI data center designed to meet the localized mobile AI infrastructure needs of distributed deployment applications worldwide. The new containerized mobile AI data center product line, currently in development, is intended to leverage Workhorse's existing engineering, software, testing, agile design, and supply chain capabilities, as well as other cost synergies from manufacturing the new mobile AI data center at its Indiana plant. Ad Loading... According to Grand View Research, the market size for "Containerized Data Centers" could reach $41 billion by 2031. According to numerous research reports, demand for edge computing, which is largely enabled by containerized data centers, is being driven by a combination of factors, including, but not limited to: deployment speed and site flexibility; 5G rollout and edge/AI workloads; disaster recovery and continuity; energy efficiency and sustainability regulation; and telecom, IT, and banking/financial/securities industries. Mobile AI data center infrastructure. Workhorse intends to meet this demand with a new proprietary mobile AI data center infrastructure product. The initial containerized design is expected to feature liquid-to-liquid cooling, isolated server racks, a separate climate-controlled operator zone with two workstations, integrated uninterruptable power supply (UPS) and battery back-up power, a fire suppression system, advanced monitoring for safety and security, and the ability to use multiple sources of external power, among other capabilities needed to operate a mobile AI data center. Workhorse expects to develop a partnership-based go-to-market approach for the new product line via supplier partnerships with final data center developers who would manage the market development and customer relationship aspects of this product line. Workhorse is targeting 2027 for the commencement of initial production and commercial deliveries. Ad Loading... "We believe this expansion into a new, growing segment is a strategic step that builds on the broader capabilities we now have as a result of the merger late last year, and it supports our expanded company vision to build the 'new' Workhorse as an industrial technology company. Workhorse already builds highly reliable mobile platforms: electric medium-duty commercial vehicles manufactured at our commercial-scale plant in Union City, Indiana," said Scott Griffith, CEO of Workhorse. "We feel that this is an opportunity to build a competitive advantage and develop a new revenue stream in this exciting new category where we can leverage many of our existing core capabilities to establish a scalable early mover position in the mobile AI data center market." Engineering & technical synergies. Workhorse believes that its expertise and competencies in areas like power electronics, thermal management, ruggedized enclosures, mobile connectivity, vibration isolation and embedded systems, are also applicable to containerized platforms that can meet the operating demands of mobile AI data center hardware and systems. Manufacturing synergies. With its flexible, low-cost, low-overhead manufacturing center in Union City, Indiana, Workhorse can accommodate high-mix, low-volume production, custom configurations, and rapid iteration. Workhorse's design-test-validation cycles are purpose-built to be agile and to translate customer requirements and lessons from the field into new features and product improvements in weeks, not model years. "We believe this new product line can provide new sources of revenue and cash flow and increase our operating leverage, helping us more quickly drive down the production costs of our electric trucks for our commercial fleet customers," Griffith added. Ad Loading... Modular chassis & cab chassis production. Workhorse has also continued the previously announced engineering and design work for its upcoming modular chassis and cab chassis products, with production expected to begin in late 2027. The company anticipates providing further updates on both its commercial vehicle line of business and its new product line during Workhorse's second-quarter earnings call scheduled for Aug. 13, 2026.