Energy Recovery is trading 6.2% down now at $8.31 after its August 5, 2026 second-quarter report showed revenue of $12.0 million, down 57% year over year, and a $3.2 million net loss.
- Revenue missed expectations; management cited Iran-related project delays and effectively withdrew 2026 guidance.
- Shares also fell after hours.
- Resilient gross margins and strong free cash flow contrasted with geopolitical uncertainty; confidence is medium because official release and earnings-call coverage align.