Q1 26 EPS
$-0.34
MISS 96.65%
Est. $-0.17
Q1 26 Revenue
$475.2M
BEAT +2.13%
Est. $465.3M
vs S&P Since Q1 26
-37.4%
TRAILING MARKET
FLNC -28.0% vs S&P +9.4%
Market Reaction
Did FLNC Beat Earnings? Q1 2026 Results
Fluence Energy delivered a mixed fiscal first quarter for 2026, posting a revenue beat against a significant earnings miss that sent shares lower after results. Revenue climbed 154.4% year-over-year to $475.23 million, edging past the $465.31 million… Read more Fluence Energy delivered a mixed fiscal first quarter for 2026, posting a revenue beat against a significant earnings miss that sent shares lower after results. Revenue climbed 154.4% year-over-year to $475.23 million, edging past the $465.31 million consensus estimate, but the bottom line told a rougher story: GAAP diluted loss per share came in at $-0.34, missing the $-0.17 consensus by 96.65%, as gross margin collapsed to 4.9% from 11.4% a year earlier. The culprit was cost overruns on two projects, compounded by seasonal revenue weighting that left fixed overhead underabsorbed in the quarter. Net loss widened to $62.59 million versus $57.01 million in the prior-year period, and Adjusted EBITDA deteriorated to negative $52.06 million. The market's reaction was skeptical, with the stock falling roughly 5% despite management reaffirming full-year fiscal 2026 guidance of $3.20 billion to $3.60 billion in revenue and $40 million to $60 million in Adjusted EBITDA, supported by a record $5.50 billion backlog and a pipeline that expanded 30% to $30 billion since September 2025.
Key Takeaways
- • Revenue increased 154.4% YoY driven by energy storage product deliveries
- • GAAP gross profit margin declined to 4.9% from 11.4% due to additional estimated costs on two projects and seasonal revenue weighting
- • Signed over $750 million of order intake during Q1, bringing backlog to approximately $5.5 billion
- • Pipeline grew approximately 30% to $30 billion since September 2025
- • Accelerating data center growth, utility demand and rising industrial loads driving energy storage demand globally
FLNC YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“Accelerating data center growth, utility demand and rising industrial loads continue to drive energy storage demand globally, reflected in our pipeline which has grown by approximately 30% to $30 billion since September, 2025.”
— Julian Nebreda, Q1 2026 Earnings Press Release
FLNC Earnings Trends
FLNC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FLNC EPS Trend
Earnings per share: estimate vs actual
FLNC Revenue Trend
Quarterly revenue: estimate vs actual
FLNC Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $-0.18 | $-0.16 | +11.41% | $464.9M | -25.30% |
| Q1 26 MISS | $-0.17 | $-0.34 | -96.65% | $475.2M | +2.13% |
| Q4 25 MISS FY | $0.23 | $0.13 | -43.28% | $1.04B | -24.93% |
| FY Full Year | $-0.19 | $-0.37 | -93.11% | $2.26B | -13.14% |
| Q3 25 MISS | $0.01 | $0.01 | -28.57% | $602.5M | -20.77% |
| Q2 25 MISS | $-0.21 | $-0.24 | -12.83% | $431.6M | +32.69% |