Q2 26 EPS
$-0.16
BEAT +11.41%
Est. $-0.18
Q2 26 Revenue
$464.9M
MISS 25.30%
Est. $622.3M
vs S&P Since Q2 26
+50.1%
BEATING MARKET
FLNC +51.4% vs S&P +1.3%
Market Reaction
Did FLNC Beat Earnings? Q2 2026 Results
Fluence Energy delivered a mixed fiscal second quarter for 2026, narrowing its per-share loss more than analysts expected while falling well short on revenue, a combination that underscores the back-half-weighted nature of its large project delivery … Read more Fluence Energy delivered a mixed fiscal second quarter for 2026, narrowing its per-share loss more than analysts expected while falling well short on revenue, a combination that underscores the back-half-weighted nature of its large project delivery model. The company posted a diluted loss of $0.16 per share, beating the consensus estimate of $0.18 by 11.41%, but revenue of $464.89 million, up 7.7% year over year, came in roughly 25.30% below the Street's $622.31 million expectation. The shortfall traces directly to the timing of major project completions, with Fluence building inventory aggressively, consuming $299.63 million in working capital in the first half alone, in preparation for a heavily loaded second half. Encouragingly, adjusted EBITDA improved to negative $9.44 million from negative $30.41 million a year ago, reflecting better cost control and margin expansion. Order momentum was the quarter's clearest bright spot, with year-to-date intake doubling to roughly $2.00 billion and backlog reaching $5.60 billion. Against a backdrop of analyst concern about battery oversupply pressuring margins industrywide, management reaffirmed full-year revenue guidance of $3.20 billion to $3.60 billion and adjusted EBITDA of $40.00 million to $60.00 million.
Key Takeaways
- • Revenue grew 7.7% year-over-year to approximately $464.9 million
- • GAAP gross profit margin improved to 10.0% from 9.9% year-over-year
- • Adjusted gross profit margin improved to 11.1% from 10.4% year-over-year
- • Adjusted EBITDA improved to negative $9.4 million from negative $30.4 million year-over-year
- • Net loss narrowed to $29.2 million from $41.9 million year-over-year
- • Order intake doubled year-to-date to approximately $2.0 billion
FLNC Forward Guidance & Outlook
Fluence reaffirmed its 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 fiscal year-end. Management noted improved adjusted EBITDA compared to the first half of fiscal 2025 supports the reaffirmed guidance, and strong liquidity of approximately $900.0 million provides flexibility to execute on the plan.
FLNC YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“We are beginning to see the benefit of our pipeline growth with an acceleration of orders over the past few months and backlog reaching another record level. We also reached substantial completion on our first delivery of Smartstack and affirmed access to our domestic content offering in the U.S.”
— Julian Nebreda, Q2 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% |