Fluence Energy reported second-quarter 2026 results with revenue of $649.8M, up from $602.5M a year earlier, while the company swung to a net loss of $32.8M and diluted EPS of $(0.24) for the quarter.
Financial Highlights
- Revenue was $649.8M for the quarter ended June 30, 2026, compared with $602.5M in the year‑ago quarter; YoY change 7.8%.
- Net income was a loss of $32.8M for the quarter ended June 30, 2026, versus net income of $6.3M in the year‑ago quarter (turn to loss YoY).
- Diluted EPS was $(0.24) for the quarter ended June 30, 2026, versus $0.01 in the year‑ago quarter (decline YoY).
Business Highlights
- Total revenue rose 30% year-to-date to $1.59B, driven by higher volumes of battery storage project fulfillments.
- Recent deployments have shifted from legacy Gen6 to newer Gridstack Pro and Smartstack solutions.
- Contracted product backlog increased 38% to 12.6 GW and the pipeline expanded 28% to 45.6 GW.
- Production scale-up and new-product deployments led to cost overruns, delays and liquidated damages; corrective measures are underway.
- Assets under management and digital contracted backlog grew, supporting stronger recurring services and software revenue streams.
Original SEC Filing:
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