Companies /Utilities

Fluence Energy Inc - Class A

NASDAQ: FLNC Utilities - Renewable
$10.35
▲ $0.15 (+1.47%) today
Markets closed · 10:02pm ET

Q1 2026 Earnings

Reported Feb 4, 2026, 4:10pm ET · SEC source
$-0.34
Miss −96.65%
EPS · est. $-0.17
$475.2M
Beat +2.13%
Revenue · est. $465.3M
−44.7%
Trailing market
FLNC vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−20%0+20%Feb 4Feb 5report 4:10pm ETearnings−2.1%−26.8%
−20%0+20%Feb 4Feb 5earnings−2.1%−26.8%
FLNC −26.8%S&P 500 −2.1%
−20%0+20%Feb 4Feb 5report 4:10pm ETearnings−2.8%−26.8%
−20%0+20%Feb 4Feb 5earnings−2.8%−26.8%
FLNC −26.8%NASDAQ −2.8%
−20%0+20%Feb 3Feb 12report 4:10pm ETearnings−0.8%−33.9%
−20%0+20%Feb 3Feb 12earnings−0.8%−33.9%
FLNC −33.9%S&P 500 −0.8%
−20%0+20%Feb 3Feb 12report 4:10pm ETearnings−1.0%−33.9%
−20%0+20%Feb 3Feb 12earnings−1.0%−33.9%
FLNC −33.9%NASDAQ −1.0%
−10.05%
Day of report
−34.63%
Next session
−39.57%
One week
−45.84%
30 days

S&P 500 over the same 30 days: −1.15%.

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 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

“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.”

Fluence Energy CEO, on the earnings call

Forward Guidance & Outlook

Fluence reaffirmed fiscal year 2026 guidance: revenue of approximately $3.2 billion to $3.6 billion (midpoint $3.4 billion), Adjusted EBITDA of approximately $40.0 million to $60.0 million (midpoint $50.0 million), and annual recurring revenue of approximately $180.0 million by the end of fiscal year 2026. As of December 31, 2025, the midpoint of revenue guidance is fully covered by orders in backlog. Pipeline has grown approximately 30% to $30 billion since September 2025.

FLNC YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$200.0M$400.0M$186.8M$475.2MRevenue$21.2M$23.0MGross Profit$-127,574,399$-62,588,000Net Income
$0$200.0M$400.0MRevenueGross ProfitNet Income

Figures from SEC filings and company reports. Not investment advice.