Q3 26 EPS GAAP
$-0.24
MISS 2,430.10%
Est. $0.01
Includes $0.5 million for secondary offering expenses and $0.5 million for legal and consulting fees related to potential strategic transactions. Also reflects upfront cost associated with a planned agreement for long-term international battery cell supply.
Q3 26 Revenue
$649.8M
MISS 19.88%
Est. $811.1M
vs S&P Since Q3 26
-16.8%
TRAILING MARKET
FLNC -15.8% vs S&P +0.9%
Market Reaction
Did FLNC Beat Earnings? Q3 2026 Results
Fluence Energy posted a deeply disappointing fiscal third quarter, missing on both the top and bottom lines as production delays at new contract manufacturing facilities undercut results. Revenue came in at $649.85 million, falling 19.88% short of th… Read more Fluence Energy posted a deeply disappointing fiscal third quarter, missing on both the top and bottom lines as production delays at new contract manufacturing facilities undercut results. Revenue came in at $649.85 million, falling 19.88% short of the $811.12 million consensus estimate, though it did grow 7.8% from $602.53 million a year ago. The GAAP loss of $0.24 per share, which includes $0.5 million in secondary offering expenses, $0.5 million in legal and consulting fees tied to potential strategic transactions, and upfront costs related to a planned long-term international battery cell supply agreement, missed the $0.01 consensus by 2,430.10%, as gross margin collapsed to 5.1% from 14.8% a year earlier and the company swung to a net loss of $44.28 million from net income of $6.89 million in the prior-year period. The stumble prompted a significant guidance cut, with full-year revenue now expected at $2.90 billion to $3.10 billion versus prior guidance of $3.20 billion to $3.60 billion, reflecting roughly $400 million in deliveries pushed into fiscal 2027; adjusted EBITDA guidance was slashed to a range of negative $30 million to positive $10 million, down from $40 million to $60 million. Analysts had already flagged margin execution as a key concern heading into the print.
Key Takeaways
- • Revenue growth driven by increased volume of energy storage solution fulfillments
- • Revenue weaker than expected due to production delays at new contract manufacturing facilities
- • Gross margin compression from delivery delays, new product platform deployment costs, and upfront battery supply agreement costs
- • Order intake nearly tripled year-over-year to more than $1.44 billion
- • Backlog reached approximately $6.4 billion, highest in company history
FLNC Forward Guidance & Outlook
Fluence revised its fiscal year 2026 guidance downward, now expecting revenue of approximately $2.9 billion to $3.1 billion (midpoint $3.0 billion), down from prior guidance of $3.2 billion to $3.6 billion (midpoint $3.4 billion). The reduction reflects approximately $400 million in project deliveries delayed into fiscal 2027 due to production issues at a new international contract manufacturing facility and construction-related delays at a new U.S. contract manufacturing facility. Adjusted EBITDA guidance was cut to approximately ($30 million) to $10 million (midpoint ($10 million)), down from prior guidance of $40 million to $60 million (midpoint $50 million), reflecting the reduced revenue outlook and approximately $15 million in upfront costs associated with a planned long-term international battery supply agreement. Annual recurring revenue guidance of approximately $180 million by end of fiscal year 2026 was unchanged. The company expects to achieve targeted production levels early in fiscal 2027, and the delayed revenue remains in backlog.
FLNC YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
“Customer demand for Fluence solutions continues to strengthen, driven by our differentiated technology, digital capabilities, and expanding role supporting the growing power needs of utilities, developers, and data centers. We have been increasing our production capacity globally to meet this growing demand, and although production has been behind our expectation for this year we have taken steps to achieve targeted production levels early in fiscal 2027.”
— Julian Nebreda, Q3 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
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 MISS Includes $0.5 million for secondary offering expenses and $0.5 million for legal and consulting fees related to potential strategic transactions. Also reflects upfront cost associated with a planned agreement for long-term international battery cell supply. | $0.01 | $-0.24 | -2,430.10% | $649.8M | -19.88% |
| 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% |