Eos Energy Q2 revenue misses; tightens full-year revenue forecast

Eos Energy Enterprises

05/08/2026 11:55

Overview
U.S. zinc-based battery storage maker's Q2 revenue rose yr/yr but missed analyst expectations
Company expanded backlog to a record $807 mln, up 25% sequentially
2026 revenue guidance tightened to $300 mln-$350 mln, reflecting manufacturing consolidation plans

Outlook
Eos tightens full-year 2026 revenue guidance to $300 mln-$350 mln from $300 mln-$400 mln
Company evaluating consolidation of manufacturing at Thorn Hill facility to improve efficiency
Eos says strong commercial momentum and record backlog support long-term growth outlook

Result Drivers
HIGHER DELIVERIES - Revenue growth was driven by 207% increase in cube deliveries, per company
MANUFACTURING EFFICIENCY - Gross margin improvement attributed to increased production volumes and lower conversion costs, partially offset by underutilization and higher project costs
COMMERCIAL MOMENTUM - Backlog expanded to record $807 mln, driven by orders from four new and two repeat customers

Company press release: ID:nGNX9p4Z7z

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$68.8 mln
$69.43 mln (11 Analysts)
Q2 Loss Per Share
 
$1.20
 
Q2 Net Loss
 
$275.71 mln
 
Q2 Operating Expenses
 
$35.01 mln
 
Q2 Operating Income
 
-$83.81 mln
 
Q2 Pretax Loss
 
$275.70 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy."
Wall Street's median 12-month price target for Eos Energy Enterprises, Inc. is $8.00, about 83.9% above its August 4 closing price of $4.35

Reuters Recommended Reads
Aug 4 - Battery maker Amprius Q2 revenue more than doubles, beats estimates on drone, e-mobility demand
Aug 4 - Solid Power's net loss narrows in Q2 as it maintained operating expenses, strong liquidity
Aug 4 - Hong Kong's Xinyi Electric Storage H1 revenue falls, posts net loss

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)