Fluence Energy reported third quarter revenue of $649.8 million and a net loss of $44.3 million, or ($0.24) per share, missing analyst expectations. The company lowered its full-year 2026 guidance for both revenue and adjusted EBITDA, citing production delays at new manufacturing facilities which are expected to push approximately $400 million in project deliveries into fiscal 2027.
Key Highlights
- Fluence cut its full fiscal year 2026 revenue guidance to a midpoint of $3.0 billion, down from $3.4 billion, and lowered its adjusted EBITDA forecast to a midpoint loss of $10.0 million from a prior midpoint of $50.0 million profit.
- Despite execution issues, the company reported record order intake of over $1.44 billion, nearly tripling year-over-year, and grew its total backlog to a record $6.4 billion.
- Gross profit margin contracted to 5.1% from 14.8% in the prior-year quarter, which the company attributed to revenue delays, costs from deploying new products, and a charge for a long-term battery supply agreement.