Q1 26 EPS
$0.12
BEAT +150.89%
Est. $-0.24
Q1 26 Revenue
$57.0M
BEAT +1.00%
Est. $56.4M
Did EOSE Beat Earnings? Q1 2026 Results
Eos Energy Enterprises posted a striking quarter in Q1 2026, reporting revenue of $56.96 million alongside earnings per share of $0.12, as the company's manufacturing scale-up translated into numbers that validated its long-argued production thesis. … Read more Eos Energy Enterprises posted a striking quarter in Q1 2026, reporting revenue of $56.96 million alongside earnings per share of $0.12, as the company's manufacturing scale-up translated into numbers that validated its long-argued production thesis. The 445% year-over-year revenue surge was driven primarily by full battery module automation and a 5.7x increase in cube deliveries at the Thorn Hill facility, with the last two quarters combined now exceeding all of full-year 2025 revenue. The headline profitability figure, GAAP net income of $508.88 million, was almost entirely attributable to non-cash fair value adjustments on warrants and derivatives rather than operational performance; operating loss remained a substantial $79.31 million. The quarter's most consequential development was the formation of Frontier Power USA, a joint venture with Cerberus Capital Management anchored by $100 million in Cerberus equity and a 2 GWh firm capacity reservation, helping expand the commercial pipeline to $24.30 billion. Eos reaffirmed full-year 2026 revenue guidance of $300 million to $400 million.
Key Takeaways
- • 445% year-over-year revenue increase driven by full battery module automation and 5.7x higher cube deliveries
- • Record quarterly production performance for shipments, battery output, and bipolar manufacturing
- • 157 percentage-point year-over-year improvement in gross margin and 16-point sequential improvement
- • 294 percentage-point year-over-year improvement in adjusted EBITDA margin
EOSE Forward Guidance & Outlook
Eos reaffirmed full-year 2026 revenue guidance of $300 million to $400 million. The company expects initial production on its second battery module line at the Thorn Hill facility to begin by the end of Q2 2026. Frontier Power USA, the joint venture with Cerberus, is targeting a multi-GWh project pipeline across data center, utility, and industrial end markets, anchored by a 2 GWh firm capacity reservation agreement. The commercial opportunity pipeline stands at $24.3 billion, up 56% year-over-year, with the company focused on converting pipeline into contracted deployments.
EOSE YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“The market is telling us what it needs: long-duration storage that is safe, American-made, and financeable at scale. We have the technology, the manufacturing, the controls, and now, with Frontier Power USA, the planned capital to accelerate project deployment.”
— Joe Mastrangelo, Q1 2026 Earnings Press Release
EOSE Earnings Trends
EOSE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
EOSE EPS Trend
Earnings per share: estimate vs actual
EOSE Revenue Trend
Quarterly revenue: estimate vs actual
EOSE Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $-0.24 | $0.12 | +150.89% | $57.0M | +1.00% |
| Q4 25 MISS FY | $-0.24 | $-0.72 | -196.66% | $58.0M | -38.10% |
| FY Full Year | $-3.60 | $-3.96 | -10.01% | $114.2M | -23.68% |
| Q3 25 MISS | $-0.14 | $-2.77 | -1,878.57% | $30.5M | -22.84% |
| Q2 25 MISS | $-0.13 | $-0.37 | -196.00% | $15.2M | -38.95% |
| Q1 25 MISS | $-0.16 | $-0.20 | -25.00% | $10.5M | -11.14% |