Fluence Energy reported third fiscal quarter 2026 results with total revenue of $649.8 million and a GAAP gross profit margin of approximately 5.1%. The company recorded a net loss of about $44.3 million for the quarter and reported a record backlog of approximately $6.4 billion as of June 30, 2026. Management revised fiscal 2026 guidance to $2.9–$3.1 billion in revenue and adjusted EBITDA of $(30) million to $10 million due to production and construction delays.

Financial Highlights

  • Total revenue: approximately $649.8 million for the three months ended June 30, 2026 (compared with $602.5 million in Q3 FY2025).
  • Gross profit: $33.241 million; GAAP gross profit margin: approximately 5.1% (vs. 14.8% in the same quarter last year).
  • Adjusted Gross Profit Margin: approximately 5.9% for the quarter (vs. 15.4% year-ago quarter).
  • Net loss: approximately $44.3 million for the three months ended June 30, 2026 (net loss $136.1M for nine months ended June 30, 2026).
  • Adjusted EBITDA: $(29.3) million for the three months and $(90.8) million for the nine months ended June 30, 2026.

Business Highlights

  • Order intake for the quarter exceeded $1.44 billion, nearly triple the $508.8 million recorded in the same quarter last year.
  • Backlog reached a company record of approximately $6.4 billion as of June 30, 2026.
  • Secured roughly $850 million of data center business through July, including the first large behind-the-meter order signed during the quarter and about $550 million of awards from a hyperscaler in July 2026.
  • Production and facility ramp issues: the company expects $400 million of project deliveries to be delayed into fiscal 2027 due to production delays at a new international contract manufacturing facility and construction-related delays at a new U.S. contract manufacturing facility; management is taking steps to achieve targeted production levels early in fiscal 2027.
  • Operational scale metrics: deployed capacity increased to 7.4 GW (19.3 GWh), contracted backlog in products grew to 12.6 GW, and pipeline expanded to 45.6 GW (163.7 GWh) as of June 30, 2026.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.