EPS beat and reaffirmed guidance with accelerating order momentum should drive positive near-term sentiment. Monitor for conversion of hyperscaler orders in Q3 and further backlog growth as catalysts.
Price Chart
Executive Summary
Fluence Energy reported Q2 FY2026 revenue of $464.9M (+7.7% YoY) and GAAP EPS of -$0.16, beating consensus of -$0.18 by 11%. The company reaffirmed FY2026 guidance of $3.2B-$3.6B revenue and $40M-$60M adjusted EBITDA. Order intake doubled year-to-date to $2.0B, and backlog reached a record $5.6B. The strong operational momentum and guidance reaffirmation support a bullish view.
Key Financial Metrics
Key Facts
- Q2 revenue $464.9M, +7.7% YoY
- GAAP EPS -$0.16 vs consensus -$0.18 (beat by 11%)
- GAAP gross margin 10.0%, adjusted gross margin 11.1%
- Net loss narrowed to $29.2M from $41.9M YoY
- Adjusted EBITDA improved to -$9.4M from -$30.4M YoY
- Record backlog $5.6B
- Order intake doubled to $2.0B YTD
- Signed master supply agreements with two hyperscalers
- FY2026 guidance reaffirmed: revenue $3.2B-$3.6B, adjusted EBITDA $40M-$60M, ARR ~$180M
Financial Impact
EPS beat of $0.02 vs consensus (~11%), revenue growth 7.7% YoY
Risk Factors
- Company remains unprofitable with negative cash flow
- Guidance depends on timely backlog conversion and project execution
- Potential cost overruns or supply chain disruptions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001868941-26-000014 |
| Document: flnc-20260506.htm | 0001868941-26-000014 |
| Document: 0001868941-26-000014-index-headers.html | 0001868941-26-000014 |
| Document: 0001868941-26-000014-index.html | 0001868941-26-000014 |
| Document: 0001868941-26-000014.txt | 0001868941-26-000014 |
| 8-K Data (Synthetic) | 0001868941-26-000014 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 8-K | $7.07 | awaiting T+60 | — | $5.50 (−22.21%) |
Sep 22, 2026 4w ago | Insider Cluster | $7.58 | awaiting T+60 | — | $5.50 (−27.44%) |
Sep 16, 2026 5w ago | Press Release | $7.66 | awaiting T+60 | — | $5.50 (+28.20%) |
Aug 9, 2026 11w ago | Institutional Cluster | $12.65 | awaiting T+60 | — | $5.50 (−56.52%) |
Jun 22, 2026 18w ago | 144 | $21.21 $9.05 | ▲ +57.33% | ▲ +60.58% | $5.50 (+74.07%) |
Jun 8, 2026 20w ago | 3 | $23.46 $10.56 | ▼ −54.99% | ▼ −58.80% | $5.50 (−76.56%) |
May 18, 2026 23w ago | Insider Cluster | $19.54 $13.20 | ▲ +32.45% | ▲ +37.30% | $5.50 (+71.85%) |
May 15, 2026 23w ago | 8-K | $19.54 $13.20 | ▲ +32.45% | ▲ +37.30% | $5.50 (+71.85%) |
May 13, 2026 23w ago | Press Release | $22.10 $13.20 | ▲ +40.29% | ▲ +44.73% | $5.50 (+75.11%) |
May 12, 2026 23w ago | Press Release | $21.28 $13.21 | ▲ +37.92% | ▲ +42.31% | $5.50 (+74.15%) |
US Market Status
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