Fluence Energy Inc - Class A

Fluence Energy delivered a sharply disappointing fiscal fourth quarter, missing on both top and bottom lines as revenue of $1.04 billion fell 15.2% year over year and came in 24.74% below the $1.38 billion consensus estimate, while adjusted earnings per share of $0.13 trailed the $0.21 Wall Street forecast by 38.10%. The shortfall was driven in part by U.S. production delays that pressured revenue recognition, a headwind that weighed on results despite gross margin improvement to 13.7% from 12.8% a year earlier. For the full fiscal year, revenue declined to $2.26 billion from $2.70 billion, and the company swung to a net loss of $68.0 million from net income of $30.37 million in fiscal 2024, as R&D and sales spending climbed aggressively. Still, investors found reasons for optimism: record quarterly order intake of over $1.40 billion pushed backlog to $5.30 billion, and management initiated fiscal 2026 revenue guidance of $3.20 billion to $3.60 billion, roughly 50% growth at the midpoint, with approximately 85% already covered by existing backlog, sending shares up more than 8% following the report.